Single-Family Rental
8433 1st Street Berkeley, MO 63134
8433 1st Street, Berkeley, MO, 63134
$1,349,000
For Sale
$1,349,000
MULTI_FAMILY - Ranch - Berkeley, MO
Property Size816 SF
Lot Size0.23 Acres
Price / SF$1,653
Days on Market20
Property Features for 8433 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1
- Standard status
- Active
- APN
- 11J-41-0387
- Size
- 816 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 942
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Building materials
- Vinyl Siding
- Architectural style
- Ranch
Listing agency
Invest St. Louis
(314) 325-6201
Listed by
Matt Guignon · License #2018041115
(314) 255-5117
Added: Jul 3 Updated: Jul 22 at 7:36PM Checked: Jul 22 at 11:06PM
MLS# 26041366
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Investment Insights
Based on property information with market context.
This single-family rental portfolio consists of 12 homes with a unit mix of 3- and 4-bedroom residences. The properties are described as professionally managed and largely renovated, with four homes currently vacant and rent-ready and actively being leased. The seller’s outlook includes at least two additional homes leased prior to closing.
The portfolio is located throughout Spanish Lake, Ferguson, and unincorporated North St. Louis County, with the homes positioned for efficient management and maintenance due to their close proximity. Current gross rental income is approximately $11,519 per month, with the seller anticipating approximately $14,100 per month after additional lease-up before closing. Fully stabilized pro-forma gross rental income is projected at approximately $16,700 per month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000 per year. The asking price is $1,350,000, reflecting a projected stabilized cap rate approaching 10.9%.
The portfolio is located throughout Spanish Lake, Ferguson, and unincorporated North St. Louis County, with the homes positioned for efficient management and maintenance due to their close proximity. Current gross rental income is approximately $11,519 per month, with the seller anticipating approximately $14,100 per month after additional lease-up before closing. Fully stabilized pro-forma gross rental income is projected at approximately $16,700 per month, with estimated annual operating expenses of approximately $53,000 and projected stabilized NOI of approximately $147,000 per year. The asking price is $1,350,000, reflecting a projected stabilized cap rate approaching 10.9%.
Key Highlights
- 12‑home single‑family rental portfolio offered as one package in the St. Louis market
- Unit mix of all 3- and 4‑bedroom homes, with demand from both Section 8 voucher holders and market‑rate renters
- Current gross rental income is approx. $11,519/month; four vacant homes are fully rent‑ready and actively being leased
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Twelve 3- and 4-bedroom rental homes offered as a single package, including four rent-ready vacancies.
Where is this single family property located?
The property is located at 8433 1st Street Berkeley, MO.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 12‑home single‑family rental portfolio offered as one package in the St. Louis market; Unit mix of all 3- and 4‑bedroom homes, with demand from both Section 8 voucher holders and market‑rate renters; Current gross rental income is approx. $11,519/month; four vacant homes are fully rent‑ready and actively being leased
