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10372 Parkman Drive, Lakeshire, MO, 63123

An opportunity to secure a long-term investment in Lakeshire within the highly sought-after Lindbergh School District, where multifamily properties can be difficult to find! Welcome to 10372 Parkman Drive, a fully occupied four-family offering existing rental income and room for future growth. Each unit features 2 bedrooms and 1 bathroom, with tenant-occupied interiors that show well and offer a clean, inviting feel. Each apartment has its own composite deck area, separated by aluminum railings. The lower level includes two 2-car tuck-under garages with individual entrances and remote openers, laundry hookups, and a dedicated storage unit for each apartment. Since 2019, owner improvements have included the composite decks and aluminum railings, replacement A/C units in Apartment B in June 2023 and Apartment C in June 2021, a replacement evaporator coil in Apartment A, and an upgraded window in Apartment B. Long-term tenants occupy two of the four units, and current rents are below market, creating an opportunity to increase income over time as leases allow. Optional improvements could further enhance rental appeal and help maximize net operating income. The property is currently self-managed, with the owner paying water, sewer, trash, landscaping, and snow removal. Offered at $535,000, the property is positioned within the range of nearby multifamily sales from $530,000 to $580,000, including a $570,000 sale on Parkman Drive. A desirable location, established occupancy, and potential for rental growth make this an appealing addition to a long-term investment portfolio. Please do not disturb tenants. No showings prior to an accepted contract. Offers may be contingent upon viewing all units and the buyer’s satisfaction with their condition.

Subdivision: Lakeshire Park

List Price

$ 535,000

Status

Pending

Days on market

0

MLS#

26063047

Bedrooms

0

Full baths

0

Sq. Ft. Above

3,514

Subdivision

Lakeshire Park

Municipality

Lakeshire

School District

Lindbergh Schools

County

St Louis

Property Type

Residential Income

Style

Traditional

Type

Residential Income

Additional Information

Property Tax (2025)

$5,735

Recent Nearby Sales in 63123

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
8633 Neier Lane, Unincorporated, MO 63123 2/2 1,152 $225,000 $228,000
101.3% of ask
Oct 6, 2026
8233 Marvale Lane, Unincorporated, MO 63123 3/2 999 $289,800 $298,000
102.8% of ask
Oct 6, 2026
9218 Damson Drive, Unincorporated, MO 63123 3/2 1,316 $315,000 $305,000
96.8% of ask
Oct 5, 2026
9631 Chamblin Drive, Unincorporated, MO 63123 3/3 1,736 $380,000 $378,600
99.6% of ask
Oct 2, 2026
8230 Villaton Drive, Unincorporated, MO 63123 3/2 1,183 $259,990 $265,000
101.9% of ask
Oct 2, 2026
9211 Alpine Drive, Unincorporated, MO 63123 3/2 1,316 $250,000 $222,500
89% of ask
Oct 2, 2026

Price & Listing History

Listed for sale
Oct 1, 2026 at $535,000
Current status: Pending
As of Oct 4, 2026 · $535,000

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