Excellent investment opportunity in the heart of South City! This solid 4-family at 4942 Kemper Ave (63139) features four 1 bed / 1 bath units, all currently leased—three at $650 and one at $700. Month-to-month leases provide flexibility for rent increases or owner-occupancy. With rents below market, there’s strong value-add potential through light updates. The property qualifies for attractive financing (4.75% interest, 5-year term, 30-year amortization). Prime location near Tower Grove Park, The Hill, South Grand dining, and major highways in a walkable, high-demand rental area. Well-maintained with great bones, offering stability and excellent income growth potential.
Basic Details
Property Type : Residential Income
Listing ID : 25059368
Price : $354,900
Square Footage : 2,760
Year Built : 1942
Status : Active
Features
Heating System : Forced Air
Cooling System : Central Air
Basement : Full, 8 ft + Pour
SchoolDistrict : St. Louis City
Taxes Paid : $0
Utilities : Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected