1224 Reale Avenue St Louis MO 63138 | MLS #MIS26041460

1224 Reale Avenue
St Louis, MO, 63138
$115,000
3 Beds
1 Baths
864 SqFt
0.13 Acres
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$115,000
1224 Reale Avenue
St Louis, MO, 63138
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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 #:
MIS26041460
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Northdale
Neighborhood:
46hazelwoodeast
Listed Date:
Jul 3, 2026
Finished Sq Ft:
864
Lot Size:
5,502 sqft / 0.13 acres (approx)
Year Built:
1960
Ranch46 – Hazelwood East46hazelwoodeastNorthdaleHazelwoodLarimore Elem.Southeast MiddleHazelwood East HighTenant Occupied

Schools

School District:
Hazelwood
Elementary School:
Larimore Elem.
Middle School:
Southeast Middle
High School:
Hazelwood East High

Interior

Above Grade Finished Area
864
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
$1,538
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Kahn & Busk Real Estate Partners have earned the top team spot at Coldwell Banker Premier Group for several years in a row! We are dedicated to helping our clients with all of their residential real estate needs. Whether you are a first time buyer or looking to downsize, we can help you with buying your next home and selling your current house. We have over 25 years of experience in the real estate industry in Eureka, St. Louis and surrounding areas.

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Current real estate data for Single Family in St Louis as of Oct 25, 2026
2,126
Single Family Listed
77
Avg DOM
145
Avg $ / SqFt
$282,339
Avg List Price

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Property Summary

    Located in the Northdale subdivision, 1224 Reale Avenue St Louis MO is a Single Family for sale in St Louis, MO, 63138. It is listed for $115,000 and features 3 beds, 1 baths, and has approximately 864 square feet of living space, and was originally constructed in 1960. The current price per square foot is $133. The average price per square foot for Single Family listings in St Louis is $145. The average listing price for Single Family in St Louis is $282,339.
1224 Reale Avenue
St Louis, MO