10372 Parkman Drive,Lakeshire, MO 63123
Lakeshire, MO 63123
Description
An opportunity to secure a long-term investment in Lakeshire within the highly sought-after Lindbergh School District, where multifamily properties can be difficult to find! Welcome to 10372 Parkman Drive, a fully occupied four-family offering existing rental income and room for future growth. Each unit features 2 bedrooms and 1 bathroom, with tenant-occupied interiors that show well and offer a clean, inviting feel. Each apartment has its own composite deck area, separated by aluminum railings. The lower level includes two 2-car tuck-under garages with individual entrances and remote openers, laundry hookups, and a dedicated storage unit for each apartment. Since 2019, owner improvements have included the composite decks and aluminum railings, replacement A/C units in Apartment B in June 2023 and Apartment C in June 2021, a replacement evaporator coil in Apartment A, and an upgraded window in Apartment B. Long-term tenants occupy two of the four units, and current rents are below market, creating an opportunity to increase income over time as leases allow. Optional improvements could further enhance rental appeal and help maximize net operating income. The property is currently self-managed, with the owner paying water, sewer, trash, landscaping, and snow removal. Offered at $535,000, the property is positioned within the range of nearby multifamily sales from $530,000 to $580,000, including a $570,000 sale on Parkman Drive. A desirable location, established occupancy, and potential for rental growth make this an appealing addition to a long-term investment portfolio. Please do not disturb tenants. No showings prior to an accepted contract. Offers may be contingent upon viewing all units and the buyer's satisfaction with their condition.
Details
| MLS # | 26063047 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1971 |
| Days On Site | 26 |
| Listing Provided By | EXP Realty, LLC | Jeanette Bell |
Features
| SQ Feet | 3,514 |
|---|---|
| Basement | Y |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.17 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Appliances | Dishwasher, Electric Range, Refrigerator |
Exterior
| Construction Materials | Brick, Concrete |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | Yes |
| Parking Features | Assigned, Basement, Concrete, Driveway |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 5735 |
|---|
Area Information
| State | MO |
|---|---|
| County | St. Louis |
| City | Lakeshire |
| Zip Code | 63123 |
| Area | Lindbergh |
| Community Name | Lakeshire Park |
| School District | Lindbergh Sr. High |
| Elementary School | Dressel Elem. |
| High School | Lindbergh Sr. High |
| Listing VS Median (in Lakeshire Park) | |
Price: $535,000 low | high Med: $542,500 sqft: 3,514 low | high Med: 3,485 $ / sqft: $152 low | high Med: $156 On site: 26 low | high Med: 35 | |
Market Activity 63123
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Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 26, 2026 at 11:41:38 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MO |
|---|---|
| County | St. Louis |
| City | Lakeshire |
| Zip Code | 63123 |
| Area | Lindbergh |
| Community Name | Lakeshire Park |
| School District | Lindbergh Sr. High |
| Elementary School | Dressel Elem. |
| High School | Lindbergh Sr. High |
| Listing VS Median (in Lakeshire Park) | |
Price: $535,000 low | high Med: $542,500 sqft: 3,514 low | high Med: 3,485 $ / sqft: $152 low | high Med: $156 On site: 26 low | high Med: 35 | |
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
