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.
46 Prop NS Stabilized Buildings Available for Offers by Noon on May 27, 2025
The Prop NS Program is still in business and continuing the work of stabilizing, securing, and selling residential buildings owned by the Land Reutilization Authority (LRA) of St. Louis. The program currently has 46 Prop NS-stabilized buildings posted for offers to purchase until noon on Tuesday, May 27. See attached for a sheet that spotlights just 6 of the stabilized buildings that are now available for offers.
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This image is a promotional flyer showing 6 featured buildings available for purchase in St. Louis, Missouri, under Prop NS. The flyer is divided into two rows and six columns, each displaying an image of a building, its address, and neighborhood. The headline reads "6 Featured Prop NS Stabilized Buildings" in a blue banner across the top, with a note that bids are being accepted until "Tuesday, May 27 (noon)."
First column:
5100 Wells Ave (Academy)
Second column:
5112 Wells Ave (Academy)
Third column:
5203 Minerva Ave (Academy)
Fourth column:
4708 Kensington Pl (Lewis Place)
Fifth column:
4715 Newberry Ter (Lewis Place)
Sixth column:
4731 Kensington Pl (Lewis Place)
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."
Bottom section:
"View 40 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 (314-657-3721) 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. 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 no later than Monday, May 12.
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.
