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Lynne Hart

lynne@saintlouisrealestate.co +1(314) 324-6907

$1,650,000

Est. payment - /mo

9,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $183

Subdivision Scullins Add

MLS Listing ID 26066780

Style Apartment Style,Low/1-2

Year Built 1962

Annual Tax Amount $7,622

Lot Size 9,374 Sqft

Acres 0.2152

Property Sub-Type 5 Family or More

Property Description

3119 Morganford Road is a 12-unit multifamily investment opportunity located in the highly desirable Tower Grove South neighborhood of St. Louis. This well-maintained property features all 1-bedroom/1-bathroom units and is currently 100% occupied, providing stable in-place cash flow from day one. Originally constructed in the 1960s, the building has been thoughtfully updated with modern finishes, including renovated units featuring stainless steel appliances, contemporary cabinetry, and in-unit washers and dryers. Residents benefit from off-street parking and immediate proximity to Tower Grove Park, neighborhood shopping, dining, public transportation, and major employment centers. Convenient access to I-44, Downtown St. Louis, and the broader metro area supports continued tenant demand. Strong occupancy history, proven South City location, and the potential for future revenue growth through strategic rent increases and operational efficiencies make this an attractive investment opportunity.

Location

State MO

County St Louis City

Area 3 - South City

Interior

Heating Electric, Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

View Y/N No

Roof Type Flat

Private Pool false

Building

Structure Type Brick

Schools

Elementary Schools Mason Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Matt Bukhshtaber • CBRE

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent License ID: 2015021561

3119 Morganford RD St Louis, MO 63116

Lynne Hart

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information