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.

Updated and fully furnished side by side townhomes in the heart of The Grove—walkable to Forest Park, the Medical Center, breweries, restaurants, and nightlife. Enjoy easy access to highways, downtown, and the Central West End.

This 5,104 ft building is a turnkey opportunity—sold fully furnished, with modern updates, flexible rental options, and a location in one of the city’s fastest-growing neighborhoods.

Ideal for investors or owner-occupants seeking a move-in-ready property with exceptional income potential. Currently operating as a successful short-term furnished rental, the property generated $76,694 in gross rental income in 2024.

Each side of this beautifully rehabbed building offers spacious layouts with 3 bedrooms, 3 full bathrooms, multiple living areas, and off-street parking. Thoughtful renovations blend historic charm with bold, modern finishes, including granite countertops, stylish lighting, and custom millwork.

Outdoor spaces include private wood decks and balconies—perfect for relaxing or entertaining. Interiors feature professionally curated decor with a sleek, open feel, ready for Airbnb, mid/long-term furnished leases, or an owner looking to house hack in one of St. Louis’s most dynamic neighborhoods.

There’s strong income potential for furnished medium- or long-term rentals. Potential market rent for a 2,500+ sq ft furnished rental is $4,500 per unit, projected annual income totals up to $108,000—boosted by close proximity to the Barnes Hospital Complex and Washington University Medical School.

Whether you’re an investor seeking strong cash flow or a buyer looking for a stylish, income-producing place to call home, Chouteau checks all the boxes.

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 well-maintained apartment complex, built in 1989, features 10 buildings, including six four-family buildings, one triplex, and three duplexes. The property offers a total of 33 units, consisting of three 4-bedroom units, 24 3-bedroom units, and six 2-bedroom units. Each unit is all-electric with central air, thermal windows, and newer roofs.

Conveniently located near Highway 44 in a quiet cul-de-sac, the complex provides a peaceful living environment. Tenants are responsible for their own electric, water, and sewer utilities.

14-unit building featuring 10 two-bedroom units and 4 one-bedroom units.

This property is an excellent income-generating investment opportunity. Located within the Festus city limits, it is conveniently within walking distance of a school and a daycare next door.

The building includes coin-operated washers and dryers, private storage units for each tenant in the basement, and an office with a bathroom for added functionality.

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.