St. Louis Fixer Uppers & As-Is Homes for Sale
Find Your Next Project — Investment Properties, Foreclosures, & Homes With Potential
Why Buy a Fixer Upper in St. Louis?
St. Louis is one of the best markets in the country for fixer uppers, handyman specials, and investment properties. With affordable entry prices, strong rental demand, and a steady supply of historic homes, the area offers tremendous opportunity for buyers willing to put in some sweat equity — or write off the repairs as part of their next flip.
Below you'll find every active fixer upper, "Listing As-Is" home, foreclosure, REO, short sale, auction property, and probate listing in the St. Louis MLS — updated continuously throughout the day. These are the homes priced to reflect the work they need: cosmetic updates, mechanical repairs, structural improvements, or complete rehabs. Whether you're a first-time buyer who wants to build equity through smart renovations, a seasoned investor flipping for profit, a landlord building a rental portfolio, or a contractor looking for your next project — this is where the deals live.
Use the Full Search to filter by city, price, beds, baths, square footage, and more. Or browse our hand-picked sections below: properties on the market today, coming soon listings, homes already under contract, and recently sold comparables to help you gauge ARV (After Repair Value).
Fixer Uppers For Sale (Active)
1,272 active fixer uppers on the market today (2,118 total including pending/under contract) — lowest priced shown first
Coming Soon Fixer Uppers
41 homes about to hit the market — get a head start before they list
Pending Sales
805 fixer uppers under contract or pending — useful for tracking demand and pricing
Recently Sold Fixer Uppers
5,845 closed in the last 12 months — great for ARV comps and understanding what flips are bringing
What Counts as a Fixer Upper in St. Louis?
Our listings cover every category of distressed, as-is, or opportunity-priced home in the St. Louis MLS:
- As-Is Listings — Seller will not make repairs or concessions; buyer takes the home in current condition
- Foreclosures & REO — Bank-owned properties priced to move quickly
- Short Sales — Seller owes more than the home is worth; lender approval required
- Auction Properties — Court-ordered or trustee sales open to the public
- Probate Listings — Estate sales handled by an executor or administrator
- Handyman Specials — Need TLC, paint, flooring, or cosmetic updates
- Investor Specials — Priced for rental conversion or flip potential
- Major Rehab Candidates — Mechanical, structural, or full-gut renovations needed
Frequently Asked Questions: Buying a Fixer Upper in St. Louis
What does "Listing As-Is" really mean?
An "As-Is" listing means the seller will not negotiate repairs and will not credit money for repair items. The buyer still has the right to inspect and walk away during the inspection period. As-is doesn't mean "no inspections allowed" — it means "no repairs from the seller." Always do a thorough inspection before closing.
Can I get a mortgage on a fixer upper?
Yes. Conventional, FHA 203(k), VA renovation loans, and HomeStyle loans all allow financing for fixer uppers — including the cost of repairs. FHA 203(k) is especially popular for first-time buyers and allows you to roll renovation costs into the mortgage. Talk to a lender experienced with renovation loans early in your search.
How do I estimate the cost of repairs?
Get at least one detailed contractor walkthrough during the inspection period. Major items to budget: roof ($8,000-$15,000), HVAC ($6,000-$12,000), electrical updates ($3,000-$10,000), plumbing ($5,000-$15,000), kitchen ($15,000-$50,000), bath ($8,000-$25,000), windows ($10,000+), and foundation work (highly variable). Always add a 15-20% contingency for surprises.
What's the difference between foreclosure, REO, and short sale?
Foreclosure: The bank is in the process of taking the home back, usually sold at auction. REO (Real Estate Owned): The bank already owns it after auction and is now reselling. Short Sale: The seller owes more than the home is worth and needs lender approval to sell at a loss. Short sales take longer (often 60-180 days) than traditional sales.
Are St. Louis fixer uppers a good investment?
St. Louis is consistently ranked one of the best metros in the country for cash-flow rentals and BRRRR-style (Buy, Rehab, Rent, Refinance, Repeat) investing thanks to its low entry prices, strong rental demand, and stable neighborhoods. Many investors target $50,000-$150,000 acquisition with $30,000-$80,000 in rehab to reach ARVs of $150,000-$250,000+. Browse the Recently Sold section above to gauge actual exit prices in your target neighborhoods.
How do I find off-market fixer uppers?
The properties above are all listed in the St. Louis MLS, but many of the best deals are off-market. Build relationships with wholesalers, drive for dollars in target neighborhoods, send direct mail to absentee owners, attend probate auctions, and network with real estate agents who work with investors. A good buyer's agent who knows the St. Louis flip market can also tip you off to soon-to-be-listed inventory.
Can I make money flipping in St. Louis?
Yes — St. Louis remains one of the more profitable flip markets per dollar invested. Successful flippers target $30K-$60K gross profit per project after a 3-6 month renovation. Key factors: buy at the right price (typically 70-80% of ARV minus repairs), pick the right neighborhood for resale, control rehab costs and timeline, and price aggressively when listing. The Recently Sold section above is your best free comp tool.
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