Welcome to 229 Solon Dr, a hard-to-find, income-producing fourplex in the heart of Ballwin, located in the award-winning Rockwood School District within the Marquette High School boundaries.

Four spacious units each feature 2 bedrooms and 1 bathroom, making this an ideal investment for those seeking stable rental income in one of St. Louis County’s most desirable submarkets. The building has seen numerous updates, including kitchens and bathrooms, HVAC systems, plumbing, and electrical, while the roof is approximately 10 years old.

Located between Ellisville and Manchester, with quick access to Highway 141 and Manchester Rd, this property offers unbeatable convenience for tenants commuting throughout the metro area. 

All tenants are currently long term and month-to-month, offering flexibility for investors looking to increase rents to market rate, and maintain a hands-off, low-vacancy asset. Three units are rented at $895, with one unit rented at $800. This property would also be ideal for owner occupancy. 

Properties like this are extremely scarce in West County. Don’t miss your chance to own a fully leased, consistently performing quadplex in a high-demand rental area.

No showings without an accepted contract.

Unit Details:

This brick duplex features two spacious 2-bedroom, 1-bathroom units with clean cosmetic finishes and abundant natural light.

• 2F Unit: Currently rented at $1,100/month.
• 1F Unit: Vacant and being prepped for lease or owner occupancy, including wall and ceiling repairs, full interior painting, and general make-ready improvements. Previously rented for $1,130/month.

Pro Forma Gross Rent:  $2,400/month.

Investment Highlights:

A great opportunity for both investors and owner-occupants. Live in one unit and rent the other to offset your mortgage, or lease both for steady rental income. With low maintenance needs and minimal capital expenditures required, this is a high-yield investment in a desirable location.

Property Features:

Built in 1915, this 2,116 sq. ft. building sits on a 3,840 sq. ft. lot (.0882 acres). The property offers spacious layouts, strong rental comps, and high demand in the surrounding corridor.

Prime Location:

Situated in Tower Grove East just off Grand Blvd, this property is steps from neighborhood coffee shops, restaurants, nightlife, and community events. It’s also just a short distance from Tower Grove Park and the Missouri Botanical Garden.

Extensive Renovations & Capital Investment: These buildings are in the final stages of complete gut renovations (2023-2025) with $2.2 million in capital expenditures invested. A breakdown of the capital expenditures can be provided upon request.

Unit Mix & Construction: 1960s construction featuring 12 two-bedroom units and 32 one-bedroom units.

Prime Location: A short drive to Lambert International Airport and close to major employers, including Boeing and Amazon.

Updated Systems & Features: Buildings feature central air, updated electrical, and modernized systems.

Lease-Up Status & Completion Timeline: Currently in lease-up, with 22 of 44 units occupied. Buildings at 5 and 16 Bruce Dr. are approximately 90% complete and available for lease-up in April.

Seller’s Delivery Options: The seller will deliver the complex fully renovated and leased but is open to allowing the buyer to complete the renovations and lease-up if preferred.

Efficient Property Layout: Side-by-side buildings provide ease of maintenance and leasing.

Flood Zone & Nearby Development: Buildings are located in a flood zone. Five buildings closest to Coldwater Creek have been purchased by the City of Florissant for future park development.

Value-Add Opportunity: Units are currently leased under market rent, allowing a buyer to increase rents upon lease expiration. Market rents are validated through leases in Buildings 1 and 2 Bruce Dr.

Market Rent Comparisons:

• The average rent for 12 two-bedroom, one-bath units within a one-mile radius over the past 12 months is $1,079.
• The average rent for 20 one-bedroom, one-bath units within a three-mile radius over the past 12 months is $924.

Additional Property Features: Buildings have pitched roofs, large open common areas, and ample tenant parking. Washer/dryer hookups are available, with potential to add laundry facilities for additional income.

Attractive Pricing & Offer Flexibility: Priced at $75,000 per unit and open to offers, including pre-completion and lease-up negotiations.

Property Highlights

• Situated in the Southwest Garden neighborhood, one of St. Louis’ most desirable neighborhoods. Steps from the Missouri Botanical Garden, Barnes Hospital, Washington University Medical School, Forest Park and Tower Grove Park, offering a highly sought-after setting for tenants.
• All four units are in similar condition, offering consistency and ease of management. A well-maintained, income-generating asset in a high-demand rental market.
• Total building size: 3,536 sq. ft.
• The building is priced at $150 sq ft.
• Central heating and cooling for all units.
• Laundry hookups in the basement for each unit.
• Four true 1-bedroom, 1-bathroom units – each approximately 800 sq. ft. (not shotgun, walkthrough layouts).
• This four family has the potential to be converted from one bedroom units to two bedroom units by creating a wall with bedroom at the front of the apartment. An open kitchen with island with connected living area setup is possible by removing the wall between the kitchen and the living room.
• 2 bedroom apartments in the area have rented from $1,500-$2,225, with a second bedroom and open kitchen concept there is potential to significantly increase the rents.

The Building & Systems

• TPO roof (approximately 6 years old).
• Mostly vinyl exterior windows with aluminum capping.
• All PVC stacks and drains. All PVC lateral under the basement slab (mix of PVC and clay for laterals outside the building).
• Parking pad at the rear of the building for approximately 4 vehicles.

Virtual Tour

• Unit 1W – https://my.matterport.com/show/?m=JZg61xTjDAB&mls=1

This turnkey property features two buildings with a total of 24 units, located in a peaceful rural setting. The complex includes 12 one-bedroom units and 12 two-bedroom units, all equipped with central air and thermal windows. Residents enjoy the convenience of on-site coin-operated laundry, public sewer, and 36 parking spaces. The property fosters a strong sense of community with its playground, picnic area, and outdoor bonfire space. The roof and siding, both well-maintained, were updated 15 years ago.

This 24-unit apartment complex, built in 1986, has been meticulously cared for over the years. It consists of two buildings featuring a total of 16 two-bedroom units and 8 one-bedroom units. Each apartment is equipped with baseboard heating and window air conditioning, providing reliable and efficient comfort for tenants.

Explore this prime investment portfolio in Desloge, MO, featuring a diverse range of residential units across three well-maintained properties. With a total of 112 units—including townhouses, one- and two-bedroom apartments, and a double-wide mobile home—this portfolio offers immediate rental income potential with modern updates, on-site amenities, and strong occupancy appeal.

Recent improvements to HVAC, roofing, and unit interiors ensure minimal deferred maintenance. Positioned in a desirable area and close to local amenities, this portfolio presents a unique opportunity for long-term returns and growth.

204 North Washington Street / 1310 Abby Lane – 48 Units

• Located in Desloge, MO, this 48-unit property features a mix of 12 one-bedroom (580 sq ft) and 36 two-bedroom units (900 sq ft) across two-story buildings totaling approximately 36,752 sq ft.
• Each unit includes a 4×8 storage area, and the complex was built in 1995/1996.
• Recent upgrades include new HVAC in 20% of the units within the past three years.
• Original copper and PVC plumbing are intact, and roofs were replaced about five years ago.
• On-site laundry facilities are available for tenants’ convenience.

1009 Hawthorne St – 52 Units

• This property comprises six buildings with a total of 52 units over 40,652 sq ft. Five buildings are two-story with eight units each, while one building includes an additional basement level.
• Built in 1986, this property includes 44 two-bedroom (900 sq ft) and 8 one-bedroom (580 sq ft) units.
• Twenty-eight units offer in-unit washer/dryer hookups, and all buildings have access to a shared laundry facility.
• Recent updates cover new HVAC systems, electrical work, windows, and interior finishes in four basement units, and 20% of other HVAC systems have been updated in the last three years. Original copper and PVC plumbing is present, and roofs were replaced approximately five years ago.

1011 Hawthorne St – 12 Townhouses and a Mobile Home

• This unique complex, also located in Desloge, MO, features 12 townhouses and one double-wide mobile home, totaling approximately 10,718 sq ft.
• Built in 1982, the townhouses include two-bedroom (800 sq ft), one-bedroom (425 sq ft), and three-bedroom (1,175 sq ft) options, some with in-unit washer/dryer hookups.
• The mobile home, built in 1978, provides 3 beds/1.5 baths (1,100 sq ft) with a carport and brick skirting.
• Plumbing is copper/PVC, and roofs have been updated within the past five years.

All-brick four-family building located in the Dutchtown neighborhood, just a short walk from Mount Pleasant Park. This 3,456 sq. ft. property sits on a .100-acre lot and features four 1-bed, 1-bath units. While the building requires some work, it offers excellent income potential. Sold as-is.