2347 Klemm St, Saint Louis, MO 63110

Description

Price Improvement! Opportunity awaits in the heart of Shaw! This well-located duplex right across the street from Tower Grove Park offers an ideal combination of existing rental income, owner-occupant potential, and room to add value. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, 2347 Klemm St offers flexibility to fit your strategy.

The 2nd-floor unit is currently occupied by a good-standing long-term tenant with a lease through April 30, 2027, providing immediate rental income and stability from day one. The 2F also features in-unit laundry, an attractive amenity for tenants and a valuable feature for long-term rental appeal. This unit features two large bedrooms, one smaller bedroom and one full bath. Brand new water heater installed 9/24/2026.

The 1st-floor unit is recently vacant, providing an opportunity for a new owner to refresh and update the space to their preferences. The spacious first floor features two large bedrooms, an additional pass-through/bonus room, 1.5 baths, original flooring, and access to laundry hookups in the basement. Investors can capitalize on the vacant unit's potential to improve the property and maximize future rental income, while owner-occupants can make the first floor their home and benefit from rental income generated by the established 2nd-floor tenant.

Located in the sought-after Shaw neighborhood, this duplex provides a compelling opportunity to own an income-producing property with flexibility and upside.

Whether you're a seasoned investor or a buyer looking for a smart way to offset your housing costs, this property offers the opportunity to build value while benefiting from an established rental arrangement.