Rock Island Realty

Apartment Style, Low/1-2

3119 Morganford Road

St Louis, MO 63116

MLS#: 26066780

$1,650,000

Status: Active
Listing number: 26066780
Listing provided by: CBRE
Listing agent phone: None
Last update: 4 hours ago
New on site today
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Scullins Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1962

Sq.Footage

9,000

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.2152

  • Lot Size(square feet)

    9,374

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Apartment Style, Low/1-2

Price

  • Sales Price

    $1,650,000

  • Tax Amount

    $7,622

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    9,000

  • Price/SqFt

    $183

HOA

  • Association

    No

School District

  • Elementary School

    Mason Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

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Location

County

St Louis City

Elementary School

Mason Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Matt Bukhshtaber, CBRE

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Agent Paul Dameron

Broker/Realtor/Sales

Paul Dameron

Call Paul today to schedule a private showing.

(573) 480-0850

paul@homeatthelake.com


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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.

3119 Morganford Road

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