8447 Newby ST St Louis, MO 63147
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $12
Subdivision Gimblins Add
MLS Listing ID 26044361
Style Historic,Low/1-2
Year Built 1907
Annual Tax Amount $561
Lot Size 6,960 Sqft
Acres 0.1598
Property Sub-Type 2-4 Units
Property Description
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.
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Block, Full, Interior Entry, Unfinished, Walk-Out Access
Interior
Heating Natural Gas
Cooling None
Fireplaces Number 2
Fireplace Y
Exterior
Parking Features false
View Y/N No
Private Pool false
Building
Water Public
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Herzog Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Other
Listing Terms 1031 Exchange, Cash, Other
Special Listing Condition Listing As Is
NEARBY SCHOOL & BUSINESS
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