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.
0 Bed
0 Bath
3,514 sq.ft
$0 per sq.ft
Traditional
$ 535,000
Active
0
26063047
0
0
3,514
Lakeshire Park
Lakeshire
Lindbergh Schools
St Louis
Residential Income
Traditional
Residential Income
$5,735
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 9211 Alpine Drive, Unincorporated, MO 63123 | 3/2 | 1,316 | $250,000 | $222,500 89% of ask |
Oct 2, 2026 |
| 10711 Gail Court, Unincorporated, MO 63123 | 3/1 | 1,064 | $269,900 | $267,500 99.1% of ask |
Oct 1, 2026 |
| 7916 Birkenhead Drive, Marlborough, MO 63123 | 3/2 | 1,125 | $245,000 | $230,000 93.9% of ask |
Oct 1, 2026 |
| 6733 Colony Acres Drive, Lakeshire, MO 63123 | 0/0 | 3,328 | $455,000 | $455,000 100% of ask |
Sep 30, 2026 |
| 4627 Tiemann Avenue, Unincorporated, MO 63123 | 2/2 | 936 | $174,900 | $168,000 96.1% of ask |
Sep 30, 2026 |
| 5215 Creighton Drive, St Louis City, MO 63123 | 2/1 | 1,148 | $270,000 | $270,000 100% of ask |
Sep 30, 2026 |
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