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Saint Louis, MO, 63115 • Penrose • Saint Louis City
$48/sqft
Down payment assistance available
4Beds
2Baths
2,074Sqft
0.07 acLot
1939Built
Apartment Style,Bungalow,Craftsman,Historic,Traditional Style
Built 1939 · 87 years of history
Lee Carr Add
Penrose
Outdoor Living
Covered · Front Porch · Porch
2-Car Garage
Additional Parking · Alley Access · Covered · Detached · Garage · Garage Faces Rear · Off Street · On Site · Side By Side
This home is getting attention
Listed 58 days ago · 572 views · 43 saves
Demand and pricing signals for this listing
572 views
People checking out this listing
43 saves
Buyers have saved this home
58 days on market
Established listing
$48/sqft
Price per square foot
This home ranks in the top 21% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1939 · Historic
Versatile, income-producing opportunity in the heart of the Penrose neighborhood! This unique property offers a rare zoning variance allowing a daycare for up to 18 children on the main level, making it ideal for an owner-operator, entrepreneur, or investor seeking flexible use and strong upside. The upper unit already has a tenant in place, providing immediate rental income—perfect for an investor or a savvy buyer looking to house-hack by living on-site while offsetting expenses. Whether you envision running a daycare below, adding another rental, or creating a live/work setup, the possibilities are exponential. Situated on a quieter one-way street, the home features a fenced-in yard ideal for outdoor play or private enjoyment, plus a garage accessed from the rear alley for convenient off-street parking and storage. The layout and exterior setup support both residential comfort and business functionality. Located in the Penrose neighborhood, this property enjoys close proximity to public transportation, including multiple bus routes, making commuting and accessibility easy for residents, tenants, employees, or daycare families. Outdoor and community amenities are a standout, including Penrose Park, WC Handy Park, and Tink Bradley Playground, all offering green space, play areas, and neighborhood gathering spots. Nearby community gardens add to the strong sense of local connection and provide opportunities for gardening, wellness, and neighborhood engagement. Just minutes away, Fairground Park expands recreational options with lakes, trails, and expansive open green space. The area also benefits from quick access to I-70, I-55, and downtown St. Louis, placing major employment centers, hospitals, and educational institutions within easy reach. Neighborhood conveniences include local schools, community centers, churches, and everyday retail, with additional shopping and dining options a short drive away. Whether you’re an investor seeking steady cash flow, a buyer looking to live affordably while generating income, or someone ready to operate a licensed daycare, 4655 Farlin Avenue delivers flexibility, community connection, and opportunity in a well-established North St. Louis neighborhood.
Based on current rates
Est. 6.75% rate · 30yr fixed · $80,000 loan
Full calculator →Key facts and listing details
13 categories of property features
Market data and value estimates
3 schools rated nearby
Saint Louis, MO, 63115
25 events
26 years of records
Local context around this listing
Saint Louis, MO • Saint Louis City
Nearby neighborhoods
Nearby cities
Nearby zip codes
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