8447 Newby Street, St Louis City, MO 63147
Subdivision: Gimblins Add
List Price: $59,900
0
BedroomsN/A
Baths4,060
Area (sq.ft)$15
Cost/sq.ft3+ Story
Type7
Days on MarketDescription
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.
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Listing Courtesy of Elevate Realty, LLC - [email protected]
