Prop NS
LRA has properties primed and positioned for rehabbers looking for a home to fix up. The Prop NS Program, established in 2017 by the voter-approved Proposition Neighborhood Stabilization (Prop NS), utilizes bond funding to stabilize, secure and sell vacant LRA-owned residential buildings of no more than six (6) units.
Upon completion of stabilization, competitive bids are accepted within 21-day bid windows.
54 Prop NS Stabilized Buildings Available for Offers by Noon on January 27
The Prop NS Program currently has 12 featured and 42 previously listed Prop NS-stabilized LRA buildings posted for offers to purchase until noon on January 27, 2025.
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This image is a promotional flyer showing 12 newly stabilized buildings available for purchase in St. Louis, Missouri, under Prop NS. The flyer is divided into three rows and multiple columns, each displaying an image of a building, its address, and neighborhood. The headline reads "12 New Prop NS Stabilized Buildings Available" in a blue banner across the top, with a note that bids are being accepted until "Monday, Jan 27 (noon)."
Top row:
3955 Ashland Ave (The Greater Ville)
4664 Labadie Ave (The Greater Ville)
1461 Laurel St (Hamilton Heights)
5946 Hamilton Ter (Hamilton Heights)
4722 St Louis Ave (Kingsway East)
4734 Labadie Ave (Kingsway East)
Middle note:
"PLEASE NOTE: Even with the Prop NS stabilization work, these buildings still require significant investment to reach occupancy standards. Offerors will need to show that they have the resources & capacity to complete rehab to City of St. Louis occupancy standards within 24 months."
Second row:
4772 Maffitt Ave (Kingsway East)
4267 Farlin Ave (O'Fallon)
4239 Lee Ave (O'Fallon)
4718 Plover Ave (Walnut Park East)
5264 Beacon Ave (Walnut Park East)
5477 Genevieve Av (Walnut Park East)
Bottom section:
"View 42 additional available properties" A note directs potential buyers to a website for 43 additional available properties "stlouis-mo.gov/Prop-NS." It also provides a contact email (prop-ns@stlouis-mo.gov) and phone number (314-657-3763) for questions. The SLDC (St. Louis Development Corporation) logo is shown in the bottom left corner. The LRA (Land Reutilization Authority) logo is shown in the bottom right corner.
The full list of available buildings, along with information sheets for each of the properties, including the required Prop NS offer form, which bidders will need to complete and submit with their offers, can be found by clicking the button below.
A limited number of buildings will be opened up for prospective bidders to view the interiors on dates still to be determined, most likely during the week of January 13th. The final schedule will depend on which properties have been requested. Due to staffing capacity, we may not be able to show all properties requested. However, additional photos will be made available upon request. If you are interested in seeing a particular property, email Henry at prop-ns@stlouis-mo.gov.
Please note that ALL Prop NS buildings will still require significant investment, including for new systems. Buyers of Prop NS-stabilized buildings will be expected to demonstrate their capacity and resources to complete full rehabs to satisfy occupancy permit standards, as required by the City of St. Louis Building Division.
