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4655 Farlin Ave, St Louis
$100,000
26058822 MLS ⋅ ACTIVE Status
Versatile, income-producing opportunity in the heart of the Penrose neighborhood! Currently tenant-occupied, providing rental income from the property from day one ($1,450). Adding to its long-term flexibility, the property has a rare zoning variance allowing a daycare for up to 18 children on the main level, creating options for an investor or future owner with a variety of potential uses. The existing tenancy makes 4655 Farlin particularly appealing for an investor seeking a property with income already in place rather than starting with vacant units. Looking ahead, the property's distinctive configuration and daycare variance provide additional possibilities as leases and occupancy needs evolve, whether continuing its residential use or exploring the approved daycare use on the main level. Situated on a quieter one-way street, the property features a fenced yard that provides useful outdoor space, along with a garage accessed from the rear alley for convenient off-street parking and storage. The layout and exterior configuration lend themselves well to the property's flexible residential and permitted daycare uses. Located in the Penrose neighborhood, the property enjoys convenient access to public transportation, including multiple bus routes. Outdoor and community amenities include Penrose Park, WC Handy Park, Tink Bradley Playground, and nearby community gardens. Just minutes away, Fairground Park provides additional recreational opportunities with expansive green space, trails, and lakes. The area also offers convenient access to I-70, I-55, and downtown St. Louis, connecting the property with employment centers, hospitals, educational institutions, and other destinations throughout the city. Neighborhood schools, community organizations, churches, and everyday conveniences are also within the surrounding area. With tenants occupying both levels, existing rental income, a fenced yard, rear garage, and the unusual benefit of an approved daycare variance for up to 18 children on the main level, 4655 Farlin Avenue offers an investor a combination of current income and long-term flexibility that is difficult to replicate. Income potential, long-term ownership, and the ability to perform as a productive real estate asset are the reasons this property was selected as part of the Penthouse Portfolio Collection.

4655 Farlin Ave, St Louis

4762 Labadie Ave, St Louis
$30,000
5 Beds ⋅ 26044523 MLS ⋅ ACTIVE Status
PRICE DROP! Huge historic home, 3 stories ready for your vision! Outstanding location - great block of Greers Addition, on a one way street. This home is three stories of living and has a full basement and endless potential! Large front porch, arched brick around the front door. BIG city lot 41 x 141. Sqft is more than tax records reflect, guestimate is around 2,900. Could be a great 6 bedroom home with 3 full baths and a main floor bath. Lots of historic charm - beautiful brick built, fireplaces, hardwood flooring, columns+++ Who's ready to turn this into their dream home? Savvy investors! Turn this into a great income producing rental, either short term or long term - lots of bedrooms for section 8 / AirBnb. Make a smart investment move this quarter / end of year. Excellent flip opportunity - rehab & resell! Could also be purchased with 4753 Maffitt Avenue, St Louis, Missouri 63113 as a package deal. STL City has lots of opportunities for investors - this property may qualify for credits/ benefits due to its location. Opportunity Zones are economically-distressed areas where new investments may be eligible for preferential tax treatment. CALL NOW

4762 Labadie Ave, St Louis

4611 Natural Bridge Ave, St Louis
$38,000
5 Beds ⋅ 3 Baths ⋅ 26041853 MLS ⋅ ACTIVE Status
Opportunity awaits at 4611 Natural Bridge Avenue. This substantial, all-brick two-story property offers nearly 2,000 square feet of living space and is ready for a complete transformation. Originally configured as a duplex, the flexible floor plan also lends itself beautifully to conversion into a spacious 3-5 bedroom, 3-full bath single-family residence, giving investors and renovators multiple exit strategies. Much of the interior has already been opened to the framing, allowing contractors to immediately assess the structure and begin reconstruction. The home retains many of the architectural features that make historic St. Louis properties so desirable, including soaring ceilings, pocket doors, oversized window openings, original millwork, original exterior tile floors at entryway, multiple fireplaces, exposed brick, and generous room sizes that are difficult to replicate in new construction. The basement ceiling height is tall for this era home, allowing the possibility to expand square footage with a fully finished basement. The property requires a comprehensive renovation, including replacement of the roof, making it best suited for experienced investors, contractors, or buyers seeking a true value-add project. The existing layout, updated windows, and exposed structural components provide a clear canvas for redesign while preserving the character of this classic brick building. Located in Penrose, an area seeing continued reinvestment and renovation activity, this property presents an opportunity to create substantial equity through thoughtful restoration. Whether your vision is a modern owner-occupied residence, a renovated duplex, a long-term rental, or a resale project, the possibilities are significant. Interior has been substantially gutted. Ceiling joists are exposed. Mechanical runs are visible. Basement structure is accessible. Foundation walls can be inspected. Newer electrical panel is present. HVAC equipment appears to have been updated at some point. Interior debris has largely been removed. Large original window openings remain. Opportunity to redesign floor plan prior to reconstruction. Bring your contractor, your designer, and your imagination—opportunities offering this size, flexibility, and potential at this price point are becoming increasingly difficult to find. Whether you're planning a premium single-family resale, long-term rental, or historic restoration, much of the exploratory demolition has already been completed.

4611 Natural Bridge Ave, St Louis

Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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