8347 Octavia Avenue

About this home

This brick bungalow will be a rock-solid performer in your portfolio! It features 750 sf of living space with two beds, one bath, living room, dining room, eat-in kitchen - freshly renovated before the current tenant moved in. In the basement you’ll find storage space, laundry hookups, mostly PVC stack, updated electric panel, electric water heater, and gas furnace. Parking is plentiful with a detached 1-car garage, driveway, and on-street parking. The entire sewer lateral was replaced from under the foundation out to the main in 2026, adding to your peace of mind. Close to restaurants and shopping, and Norwood Hills Country Club. Tenant occupied, so no showings without an accepted offer (contingent on viewing, of course); current lease is through 4/30/27. Do not walk the property or disturb the tenant, please. Tenant is up to date and pays $1,150 per month = $13,800 gross annual income. Taxes, insurance, sewer, and maintenance clock in at $3,686, resulting in an NOI of $10,114 – a 13.49% cap rate at asking price. May be sold with 3512 West Pl (MLS ID: 26060263) and 10169 Imperial (MLS ID: 26060202) if desired.

Property details

County

St. Louis

Subdivision

Mayfair Park

Lot size

0.0844 acres

Garage spaces

1

Days on market

0

Annual taxes

$1,257

Heating

Forced Air, Natural Gas

Cooling

Ceiling Fan(s), Central Air

Basement

Full, Unfinished

Appliances

Electric Range, Refrigerator

Fireplaces

0

Style

Bungalow

Schools

School district

Jennings

Elementary

Northview / Gary Gore

Middle

Jennings Jr. High

High

Jennings High

Location