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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

Active

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
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

Price & Listing History

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

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