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
2 Beds
1 Bath
1,144 sq.ft
$0 per sq.ft
Traditional
$ 69,900
Pending
0
26036203
2
1
1,144
Hills At Gateway Add
St Louis City
St. Louis City
St Louis City
Residential
Traditional
Residential
$498
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 |
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