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5509 Palm St, Saint Louis, MO, 63120

$185,000

Home List Price

$2,197*

Closing Credit

0 Baths
Multi

Location

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5509 Palm St, Saint Louis$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1924
HeatingForced Air
CoolingWall/Window Unit(s)
MLS #24071881
Lot Size0.12 Acres
StatusActive

About 5509 Palm St

**Incredible Investment Opportunity in St. Louis!** This 4-family building features an impressive cap rate and is perfect for savvy investors. Entire building has been updated to include new electric, new plumbing, new roof, plus tuckpointing. Three of the four units have been recently updated with modern finishes, ensuring strong rental appeal and immediate cash flow. One unit awaits your personal touch, providing a chance to increase value and rental income. Located in a desirable neighborhood with easy access to transportation, shopping, and dining, this property promises high demand from renters. Don’t miss out on this fantastic investment opportunity—schedule your showing today

Property Details

Property Features

Property Information:

  • Year Built: 1924

Listing Office:

  • Office Name: Berkshire Hathaway Select

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Natural Bridge just east of Goodfellow to right on Clara to left on Palm property down on left side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000

Tax Information:

  • Annual Amount: $207
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Saint Louis, MO.

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Saint Louis, MO

City

Med. Sold Price

$220K

Med. Price/SqFt

$160

Avg. Days On Market

42

# of Sold Homes

281

5509 Palm St vs Saint Louis

2 DAYS ON ROCKET

-40 Days

$185,000

-$35K Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price in Saint Louis, MO.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MARIS
  • MLS Number: #24071881

Listing Office:

  • Office Name: Berkshire Hathaway Select

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

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.

IDX Based on information submitted to the MLS GRID. 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.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:53:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 01, 2007Home Sold
$118,000

Tax History

YEARPROP. TAXASSESSMENT
2020$207$2,190
2019$203$2,190
2018$201$2,090
2017$201$2,090

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-198951
2
/10

  • Lexington Elementary School

  • 5030 Lexington Ave

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-198952
1
/10

  • Laclede Elementary School

  • 5821 Kennerly Ave

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-198953
5
/10

  • North Side Community School

  • 3033 N Euclid Ave

  • 0.89 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,714. Most Saint Louis, MO residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Missouri›Saint Louis›63120›5509 Palm St

This home is located at 5509 Palm St in Saint Louis, MO and zip code 63120 in the Wells / Goodfellow neighborhood. This home, which was built in 1924, sits on a 0.12 acre lot. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $185,000.

In October 2024, from all listings sold in Saint Louis, MO there were more than 98 sold above asking price, over 123 sold below and more than 60 were sold right at the asked price. The inventory of homes for sale in Saint Louis, MO between September 2024 and October 2024 increased by 9.3%. While the average time on the market in October 2024 was 42 days, the median list price was $220,049.

From Rocket Homes Real Estate and based on county public records data.

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