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17 Godfrey Lane, Ferguson, MO, 63135

Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.

Subdivision: Godfrey Place Amd

List Price

$ 1,349,000

Status

Active

Days on market

0

MLS#

26041358

Bedrooms

0

Full baths

0

Sq. Ft. Above

1,232

Subdivision

Godfrey Place Amd

Municipality

Ferguson

School District

Ferguson-Florissant R-II

County

St Louis

Property Type

Residential Income

Style

Ranch

Type

Residential Income

Additional Information

Property Tax (2025)

$1,578

Recent Nearby Sales in 63135

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1037 Forestwood Drive, Ferguson, MO 63135 3/1 960 $99,900 $89,000
89.1% of ask
Sep 2, 2026
273 Buddie Avenue, Hazelwood, MO 63135 3/1 864 $1,595 $1,570
98.4% of ask
Sep 1, 2026
448 Georgia Avenue, Ferguson, MO 63135 2/1 850 $69,900 $62,000
88.7% of ask
Sep 1, 2026
1409 Moran Drive, Hazelwood, MO 63135 3/1 936 $129,900 $125,000
96.2% of ask
Aug 31, 2026
846 Elsworth Place, Ferguson, MO 63135 4/1 1,352 $1,600 $1,300
81.3% of ask
Aug 31, 2026
601 Ruggles Road, Ferguson, MO 63135 3/1 864 $1,500 $1,400
93.3% of ask
Aug 31, 2026

Price & Listing History

Listed for sale
Jul 3, 2026 at $1,349,000
Current status: Active
As of Jul 3, 2026 · $1,349,000

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