10256 Lord Drive St Louis MO 63136 | MLS #MIS26041438

10256 Lord Drive
St Louis, MO, 63136
$115,000
3 Beds
1 Baths
768 SqFt
0.15 Acres
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$115,000
10256 Lord Drive
St Louis, MO, 63136
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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:
$115,000
MLS #:
MIS26041438
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Castle Point Unit 3
Neighborhood:
31riverviewgardens
Listed Date:
Jul 3, 2026
Finished Sq Ft:
768
Lot Size:
6,499 sqft / 0.15 acres (approx)
Year Built:
1954
Ranch31 – Riverview Gardens31riverviewgardensCastle Point Unit 3Riverview GardensLewis And Clark Elem.R. G. Central MiddleRiverview Gardens Sr. HighTenant Occupied

Schools

School District:
Riverview Gardens
Elementary School:
Lewis and Clark Elem.
Middle School:
R. G. Central Middle
High School:
Riverview Gardens Sr. High

Interior

Above Grade Finished Area
768
Bathrooms
1 Full Bathroom
Cooling
Central Air
Heating
Forced Air
Levels
One
Main Level Bedrooms
3

Exterior

Architectural Style
Ranch
Construction Materials
Vinyl Siding
Lot Features
Level

Financial

Tax Year
2025
Taxes
$845
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Current real estate data for Single Family in St Louis as of Oct 26, 2026
2,130
Single Family Listed
77
Avg DOM
146
Avg $ / SqFt
$283,502
Avg List Price

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Property Summary

    Located in the Castle Point Unit 3 subdivision, 10256 Lord Drive St Louis MO is a Single Family for sale in St Louis, MO, 63136. It is listed for $115,000 and features 3 beds, 1 baths, and has approximately 768 square feet of living space, and was originally constructed in 1954. The current price per square foot is $150. The average price per square foot for Single Family listings in St Louis is $146. The average listing price for Single Family in St Louis is $283,502.
10256 Lord Drive
St Louis, MO