Bring your vision to this rare opportunity to restore and reimagine a substantial all-brick duplex with an partially finished third level offering even more potential. Whether you're an investor looking for your next value-add project or a buyer searching for exceptional space, this property delivers possibilities that are increasingly difficult to find.The existing layout offers the potential for a spacious 3-bedroom lower unit and a 4-5 bedrooms upper unit, with the partially finished third level (buyer to verify all intended uses and square footage). Much of the original millwork, interior doors, and 4 baseboards remain in place, preserving the character and craftsmanship of this early 20th-century property.For investors, this is an ideal Fall/Winter renovation project with multiple exit strategies. Renovate and hold as a duplex, reposition for increased rental income, explore shared housing or other residential investment models (subject to zoning and municipal approval), or investigate adaptive commercial or care-related uses where permitted. St Louis City's relatively low property taxes, strong demand for affordable housing, and long-term appreciation potential make this an attractive opportunity for those seeking to build wealth through real estate.For owner-occupants, imagine transforming this expansive property into a home designed around your family's needs. With the potential for 5-8 bedrooms, there's room for a growing or multi-generational household, dedicated home offices, hobby spaces, and more. Bring your ideas, select your finishes, and create a one-of-a-kind residence that reflects your vision.The property requires a comprehensive renovation and is being sold strictly **AS IS**. Cash, hard money or commercial financing only. Buyer should conduct all desired inspections for informational purposes and verify all measurements, square footage, zoning, occupancy requirements, permitted uses, and any redevelopment plans prior to closing.Opportunities to acquire a property of this size, character, and redevelopment potential are uncommon. Schedule your showing today and discover what's possible.
Listed By
Agency Name: Elevate Realty, LLC
Shown By
Agent Name: Mary Massey
Agent Phone: 314.566.3982
Agency Title: RedKey Realty Leaders
Estimated Payment
$ 390.56 per month $326.34 Principal & Interest $46.75 Property Tax $17.47 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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8447 Newby Street | MLS# 26044361
This multi-family property located at 8447 Newby Street, Saint Louis, MO 63147 is currently listed for sale with an asking price of $59,900. Newby Street is located within the St Louis City school district. Search Saint Louis real estate on www.marymasseystl.com today.