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$600,000
26047319 MLS ACTIVE Status
There are 9 buildings, two of the existing buildings will be demolished, so you will have 7 buildings and two lots included in this group of buildings. They must be sold together. 13 of the units are occupied. There are 8-2 bedroom units, 10-3 bedrooms, and 2-4 bedroom 2 1/2 bath townhouses in a building that was built in 2000. The vacancies do need some work. There was some damage from the 2025 tornado. All the buildings were completely rehabbed about 25 years ago with all new plumbing, electric, windows, roofs, and more so you have a good base to work with. Some of the units have updated HVAC systems, some of newer roofs. There are some rental restrictions from MHDC, but rents for your new tenants can be much higher than existing rents. Any new owner and management company must be approved by MHDC. There is another group of 4 buildings with 12 units that are also available

4333 N Newstead Ave, St Louis

$240,000
26047397 MLS ACTIVE Status
This is a group of 6 buildings, two of them will be demolished, so you will have 4 buildings with 12 units and two lots. All are in close proximity to each other. Three of the buildings were rehabbed about 25 years ago with all new plumbing, electric, windows, drywall, and more. One of the buildings was new construction at that time. It has 2-4 bedroom 2 1/2 baths townhouses. 7 of the units are vacant and have had some damage from the 2025 tornado. But with the work that has been done, you have a good basis to start with. The rehabs were done with LIHTC tax credits, so there are some rental restrictions and the new buyer and management company must be approved by MHDC, which may be a two month process. There is another group of 4 buildings that is also available.

4101 W Kossuth 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