Commercial & Investment Real Estate Specialists
8433 1st Street
Berkeley, MO, 63134
$1,349,000
Beds
2 Baths
816 SqFt
0.23 Acres
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MLS #MIS26041366 image #0
Rare opportunity to acquire a 12-home single-family rental portfolio offered as one package in the St. Louis market. Located throughout Spanish Lake, Ferguson, and Unincorporated North St. Louis County, the properties are positioned within close proximity for efficient management and maintenance. The portfolio features a desirable unit mix of all 3- and 4-bedroom homes, creating strong tenant demand from both Section 8 voucher holders and market-rate renters. Professionally managed and largely renovated/rent-ready, the portfolio offers a strong mix of in-place income with immediate lease-up upside. Current gross rental income is approximately $11,519/month, with four vacant homes fully rent-ready and actively being leased. Seller anticipates at least two additional homes leased prior to closing, increasing in-place income to approximately $14,100/month. Fully stabilized pro-forma gross rental income is projected at approximately $16,700/month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000/year. At the $1,350,000 asking price, the portfolio offers a projected stabilized cap rate approaching 10.9%. An excellent opportunity for investors seeking immediate scale, efficient scattered-site operations, dependable rental demand, and value-add upside through lease-up of rent-ready homes.

Property Details

Price:
$1,349,000
MLS #:
MIS26041366
Status:
Active
Beds:
0
Baths:
2
Type:
Multi Family
Subtype:
5 Family or More
Subdivision:
Kinloch Park
Neighborhood:
65mccluersouth
Listed Date:
Jul 3, 2026
Finished Sq Ft:
816
Lot Size:
10,202 sqft / 0.23 acres (approx)
Year Built:
1953
Ranch65 – Mccluer South65mccluersouthKinloch ParkFerguson-florissant R-iiBerkeley Elementary SchoolBerkeley MiddleMccluer South-berkeley HighTenant Occupied

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Schools

School District:
Ferguson-Florissant R-II
Elementary School:
Berkeley Elementary School
Middle School:
Berkeley Middle
High School:
Mccluer South-Berkeley High

Interior

Above Grade Finished Area
816
Cooling
Central Air
Heating
Forced Air

Exterior

Architectural Style
Ranch
Construction Materials
Vinyl Siding

Financial

Tax Year
2025
Taxes
$942

Map

Community

Market Summary

Current real estate data for Multi Family in Berkeley as of Jul 14, 2026
2
Multi Family Listed
41
Avg DOM
866
Avg $ / SqFt
$724,500
Avg List Price

Property Summary

    Located in the Kinloch Park subdivision, 8433 1st Street Berkeley MO is a Multi Family for sale in Berkeley, MO, 63134. It is listed for $1,349,000 To schedule a showing of MLS#mis26041366 at 8433 1st Street in Berkeley, MO, contact your Realty Exchange agent at (314) 647-2220.

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