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229 Solon Drive, 
Ballwin, MO 63021

$499,000


Bed


Bath


2,925

Sq Ft


Multi-Family

Active

Listed by

Jordan Schoen

Matt Guignon

Invest St. Louis

Last updated:

June 28, 2025, 03:26 PM

MLS#

25033543

Source:

MO MARIS

About This Home

229 Solon Drive

Income-producing four family in the heart of Ballwin, located in the award-winning Rockwood School District, between Ellisville and Manchester, with quick access to Highway 141 and Manchester Rd. Four spacious units each feature 2 beds and 1 baths, making this an ideal investment for those seeking stable rental income with the ability to increase rents. Average rents for 8 two bedroom one bath apartments is $1,413 within 3 miles in the last year. All tenants are 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. The building has seen numerous updates, including kitchens and bathrooms, HVAC systems, plumbing, and electrical, while the roof is approximately 10 years old. Properties like this are extremely scarce in West County. Don’t miss your chance to own a fully leased, consistently performing four family in a high-demand rental area. No showings without an accepted contract.

Home Facts

Multi-Family

Built in 1963

Price Summary

499,000

$170 per Sq. Ft.

MLS #:

25033543

Last Updated:

June 28, 2025, 03:26 PM


Rooms & Interior

Interior

Living Area:

2,925 Sq. Ft.


Structure

Structure

Architectural Style:

Apartment Style, Low/1-2

Year Built:

1963


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$170 per Sq. Ft.

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Copyright 2025 Mid America Regional Information Systems, Inc. Information from Third Parties, Deemed Reliable but Not Verified. Last Updated June 28, 2025

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