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$100,000

Versatile, income-producing opportunity in the heart of the Penrose neighborhood! Both the main and upper levels are currently tenant-occupied, providing rental income from the property from day one. 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.

26058822 MLS ⋅ ACTIVE Status

Versatile, income-producing opportunity in the heart of the Penrose neighborhood! Both the main and upper levels are currently tenant-occupied, providing rental income from the property from day one. 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

$240,000

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, HVAC, drywall, and more. One of the buildings was new construction at the time. It has 2-4 bedroom 2 1/2 bath 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 must be approved by MHDC, which may be a two month process. There is another group of 7 buildings that is also available.

26049440 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, HVAC, drywall, and more. One of the buildings was new construction at the time. It has 2-4 bedroom 2 1/2 bath 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 must be approved by MHDC, which may be a two month process. There is another group of 7 buildings that is also available.

4129 W Kossuth Ave, St Louis

$240,000

This is one building out of a group of 6 buildings. Two of them will be demolished, so you will have 4 buildings with12 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, HVAC, drywall and more. One of the buildings was new construction at the time. It has 2-4 bedroom 2 1/1 bath 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. (see attached brochure). There is another group of 7 buildings that is also available.

26049432 MLS ⋅ ACTIVE Status

This is one building out of a group of 6 buildings. Two of them will be demolished, so you will have 4 buildings with12 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, HVAC, drywall and more. One of the buildings was new construction at the time. It has 2-4 bedroom 2 1/1 bath 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. (see attached brochure). There is another group of 7 buildings that is also available.

4125 W Kossuth Ave, St Louis

$600,000

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

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

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.

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

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.

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

$24,900

Access Restricted - Not Safe for Entry. Four Unit Apartment Building - 1 bedroom and 1 bath each unit. Fireplaces, Pocket Doors, Covered front porch, Rear deck, Off street Parking Pad from alley. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Pre-Approval letter or Proof of Funds required. Sale addendum and earnest money as certified funds will be required for final acceptance. Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs.

26038762 MLS ⋅ ACTIVE UNDER CONTRACT Status

Access Restricted - Not Safe for Entry. Four Unit Apartment Building - 1 bedroom and 1 bath each unit. Fireplaces, Pocket Doors, Covered front porch, Rear deck, Off street Parking Pad from alley. Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition. Pre-Approval letter or Proof of Funds required. Sale addendum and earnest money as certified funds will be required for final acceptance. Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs.

4149 Labadie Ave, St Louis

$30,000

Whether you're a first-time investor or looking to expand your portfolio, this income-producing property presents an excellent opportunity. The property at 4830 Ashland, St Louis City County 63115, is a 2-Family Flat built in 1913, featuring 2 baths, 3920 square feet of lot size, 2 stories and 5 bedrooms. Priced to sell, this investment offers strong potential and long-term value. The property is being sold AS IS, making it an ideal option for investors seeking a competitively priced asset. Additionally, this home is one of several investment properties available from the same owner, creating a unique opportunity to purchase multiple properties as part of a larger portfolio.

26038723 MLS ⋅ ACTIVE Status

Whether you're a first-time investor or looking to expand your portfolio, this income-producing property presents an excellent opportunity. The property at 4830 Ashland, St Louis City County 63115, is a 2-Family Flat built in 1913, featuring 2 baths, 3920 square feet of lot size, 2 stories and 5 bedrooms. Priced to sell, this investment offers strong potential and long-term value. The property is being sold AS IS, making it an ideal option for investors seeking a competitively priced asset. Additionally, this home is one of several investment properties available from the same owner, creating a unique opportunity to purchase multiple properties as part of a larger portfolio.

4830 Ashland Ave, St Louis

$110,000

Excellant income producing property, 1st floor rented for 950.00 per month with a long term tenant, 2nd floor vacant. Tons of upgrades, excellant to add to your rental portfolio.

26019446 MLS ⋅ ACTIVE Status

Excellant income producing property, 1st floor rented for 950.00 per month with a long term tenant, 2nd floor vacant. Tons of upgrades, excellant to add to your rental portfolio.

4470 Clarence Ave, St Louis

$89,900

NICE 2 FAMILY LOCATED IN NORTH ST LOUIS CITY, SOLD AS IS Showing with accepted contract

26004129 MLS ⋅ ACTIVE Status

NICE 2 FAMILY LOCATED IN NORTH ST LOUIS CITY, SOLD AS IS Showing with accepted contract

4215 Shreve Ave, St Louis