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$48,000sold price Closed

8838 Park Lane, St Louis City, MO, 63147

2 bd | 1 ba | 1,144 sq ft | Traditional
Subdivision: Hills At Gateway Add
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

Status: Closed · MLS# 26036203 · Listing Courtesy of Invest St. Louis, [email protected]
Properties displayed may be listed or sold by various participants in the MLS.

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Facts and features

Sold Price

$ 48,000

List Price

$ 69,900

Status

Closed

Days on market

83

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
1739 Grape Avenue, St Louis City, MO 63147 4/2 1,340 $159,900 $159,900
100% of ask
Nov 12, 2026
1631 McLaran Avenue, St Louis City, MO 63147 0/0 1,932 $130,000 $130,000
100% of ask
Nov 10, 2026
8746 Park Lane, St Louis City, MO 63147 4/2 1,377 $189,900 $185,000
97.4% of ask
Nov 3, 2026
900 Harlan Avenue, St Louis City, MO 63147 2/1 874 $13,000 $7,000
53.8% of ask
Oct 28, 2026
8636 Riverview Boulevard, St Louis City, MO 63147 4/2 1,757 $109,000 $90,000
82.6% of ask
Oct 15, 2026
8464 Edna Street, St Louis City, MO 63147 4/3 1,748 $194,900 $187,000
95.9% of ask
Sep 28, 2026

Price & Listing History

Listed for sale at $69,900
Jun 9, 2026
Sold for $48,000
Aug 31, 2026 · 68.7% of original list price · 83 days from listing to closing

Every time this home was on the market

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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