$69,900

8838 Park Lane, St Louis, MO 63147

2 beds |
1 bath |
1,144 sqft

Single-Family Home
Built in 1941
6,826sqft lot
—— car garage
$61/sqft
Listed 7 days ago

Property Description

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

Listing Status:: Active
Date Added:: June 9, 2026
Data Last Updated:: June 17, 2026 at 4:16PM
Listing Office:: Invest St. Louis : 314-325-6201
MLS ID:: 26036203

Basement: Full
A/C: Central Air
Heating: Forced Air

Style: Traditional

Roofing: Pitched/Sloped
General: BrickOne

Originating MLS: maris2
School District: St. Louis City
County: St Louis City

Zoning: 6142-00-0100-0

Utilities: Electricity ConnectedSewer ConnectedWater ConnectedAmeren
Water: Public
Sewer: Public Sewer

Source: maris2

This listing courtesy of Invest St. Louis

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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