About This Home

This 0-bedroom, 0-bathroom residential multi family at 8447 Newby Street in Saint Louis, MO is listed for $59,900 ($15 per sqft). Built in 1907, the home offers 4,060 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1907
  • 0.16 acre lot
  • 3 stories
  • Fireplace

Property Details

3 stories
1907

Amenities

Fireplace
Listing Description

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.

Monthly Cost Estimate

$320/mo

20% down · 6.5% · 30 years

Principal$43
Interest$260
Insurance$17

Estimates only. Actual payments may vary.

Location

8447 Newby Street

Saint Louis, MO 63147

Gimblins Add

Property Details

Construction

Brick

Heating

Natural Gas

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 8447 Newby Street is listed at $59,900 ($15/sqft). The estimated monthly payment is $320 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1907, 0.16 acre lot, 3 stories, Fireplace.

This property is listed by Tamika Evans.

TE

Tamika Evans

Agent at Elevate Realty LLC

Listed by Elevate Realty LLC · Broker phone: (314) 369-4743 · View on Broker Site · Broker website

MLS# 26044361· Source: Mid America Regional Information Systems, Inc.· Added to PropertySimple today

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8447 Newby Street, Saint Louis, MO 63147

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