Investor opportunity at 8838 Park Lane. This 2-bedroom, 1-bath rental home is currently leased for $1,055/month with a month-to-month tenant in place, providing immediate income and future flexibility. Property could benefit from cosmetic updates and a light unit turn, offering upside for an investor looking to improve condition and capture stronger market rent over time.
Seller is acting as Power of Attorney for an inherited four-home portfolio and prefers to sell this property together with the other three homes. The portfolio includes two occupied homes and two vacant, move-in-ready homes, with expected total portfolio income of approximately $4,900/month. The properties are located in close proximity to one another, creating operational efficiencies and making them easier to manage.
This is a light value-add rental opportunity in an area with strong market-rate and Section 8 rental demand. The two vacant homes are in good condition and could likely be rented with little to no work needed, while the two occupied homes are below market rent and offer future upside through light make-readies and rent growth as leases allow. Excellent opportunity for a first-time investor or seasoned operator looking to add a manageable rental portfolio in the area. Property to be sold along with: 258 Becker Dr - MLS# 26036458 , 2823 Meadowlark Ave - MLS# 26036063 and 1277 Admiral Dr - MLS# 26036113
47 days
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223
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9
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Zillow last checked:
Listing updated:
Listed by:
Joey R Schenck314-221-1109,
Invest St. Louis,
Matt J Guignon314-707-8314,
Invest St. Louis
Source: MARIS,MLS#: 26036203Originating MLS: St. Louis Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2
Heating
Forced Air
Cooling
Central Air
Features
Basement: Full
Has fireplace: No
Interior area
Total structure area: 1,144
Total interior livable area: 1,144 sqft
Finished area above ground: 1,144
Finished area below ground: 0
Property
Features
Levels: One
Lot
Size: 6,825 Square Feet
Features: Back Yard
Details
Parcel number: 61420001000
Special conditions: Listing As Is
Construction
Type & style
Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence
Materials
Brick
Roof: Pitched/Sloped
Condition
Year built: 1941
Utilities & green energy
Electric: Ameren
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
Subdivision: Hills At Gateway Add
HOA
Has HOA: No
Location
Region: Saint Louis
Financial & listing details
Price per square foot: $61/sqft
Tax assessed value: $5,740
Annual tax amount: $498
Date on market: 6/9/2026
Cumulative days on market: 47 days
Listing terms: Cash,Conventional
Electric utility on property: Yes
Joey R Schenck
Joey R Schenck
(314) 221-1109
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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