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8838 Park Lane, St Louis City, MO, 63147

Investor opportunity at 8838 Park Lane. This 2-bedroom, 1-bath rental home is currently leased for $1,055/month with a month-to-month tenant in place, providing immediate income and future flexibility. Property could benefit from cosmetic updates and a light unit turn, offering upside for an investor looking to improve condition and capture stronger market rent over time. Seller is acting as Power of Attorney for an inherited four-home portfolio and prefers to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage. This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. Excellent opportunity for a first-time investor or seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 , 2823 Meadowlark Ave - MLS# 26036063 and 1277 Admiral Dr - MLS# 26036113

Subdivision: Hills At Gateway Add

List Price

$ 69,900

Status

Pending

Days on market

0

MLS#

26036203

Bedrooms

2

Full baths

1

Sq. Ft. Above

1,144

Subdivision

Hills At Gateway Add

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential

Style

Traditional

Type

Residential

Additional Information

Property Tax (2025)

$498

Recent Nearby Sales in 63147

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
8814 Riverview Boulevard, St Louis City, MO 63147 0/0 3,264 $175,000 $175,000
100% of ask
Sep 4, 2026
8644 Church Road, St Louis City, MO 63147 3/1 1,440 $108,000 $108,000
100% of ask
Sep 1, 2026
1001 Wall Street, St Louis City, MO 63147 2/1 1,014 $35,000 $30,000
85.7% of ask
Aug 20, 2026
5916 Alpha Avenue, St Louis City, MO 63147 3/1 1,256 $81,900 $81,900
100% of ask
Aug 19, 2026
858 Canaan Avenue, St Louis City, MO 63147 3/1 960 $82,000 $60,000
73.2% of ask
Aug 7, 2026
748 Ponce Avenue, St Louis City, MO 63147 3/2 768 $68,000 $70,000
102.9% of ask
Aug 6, 2026

Price & Listing History

Listed for sale
Jun 9, 2026 at $69,900
Current status: Pending
As of Aug 5, 2026 · $69,900

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