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$3,400,000
26050885 MLS ⋅ ACTIVE Status
The Franklin School Apartments, a 75-unit, four-story, 77,127 SF historic conversion — originally built in 1909 as a school designed by prominent architect William Ittner and fully redeveloped in 2006 through a Historic Tax Credit renovation executed by HBD Construction, including all-new plumbing, electrical, HVAC, windows, and much more. The property leased to full occupancy within four months of that delivery, and nearly two decades later its core building systems remain sound, giving a buyer a renovation plan focused on cosmetic updates and lease-up rather than deferred infrastructure risk. At 66.7% occupancy with a predominantly month-to-month rent roll, the 25 vacant units here allow for a new owner to begin renovating and leasing immediately. Average in-place rents of $618/unit sit $232 below the $850/unit market average across 74 one-bedroom units and one studio, putting substantial upside within reach on nearly the entire building. Historic Tax Credit eligibility at the state and federal level further offsets renovation capital, and two attached grass lots add optionality for future parking or amenity development. Franklin School Apartments sits in Downtown West, less than one mile from the new NGA West headquarters — the $1.7 billion National Geospatial-Intelligence Agency campus and the largest federal investment in St. Louis history, bringing approximately 3,150 employees directly into the submarket. Just to the south, the new MLS Stadium (Energizer Park) was recently completed for $457 million and is a huge attraction and development catalyst for the neighborhood. A structurally sound, systems-renovated historic asset at $45,333/unit, a $232/month rent delta with an immediate lease-up runway, tax credit upside, and a location benefiting from the largest federal investment St. Louis has ever seen — Franklin School Apartments delivers outsized value-add potential with minimal execution risk.

814 N 19th St, St Louis
$289,900
3 Beds ⋅ 3 Baths ⋅ 26057806 MLS ⋅ ACTIVE Status
Historic character. Thoughtful design. A home unlike anything else on the market. Welcome to 1210 N Market Street, where the craftsmanship of historic St. Louis meets the comfort and convenience of modern living. From the moment you step inside, this home feels different. Original hardwood floors, beautiful architectural details and carefully preserved character tell the story of the home's past, while an extensive renovation created spaces designed for the way we live today. Featuring 3 bedrooms and 3 full bathrooms, at the heart of the home is an inviting kitchen featuring custom cabinetry, a generous island and reclaimed-wood shelving—a space equally suited for quiet mornings or a house full of friends. The custom bathrooms continue the home's distinctive style, with details including a dramatic lofted ceiling, skylight and custom shower. The spacious primary suite provides a relaxing retreat, while additional bedrooms offer flexibility for family, guests or work-from-home needs. And then there's one of the home's most memorable features: a finished attic and bonus loft, creating unexpected additional space for an office, studio, media room, fitness space or creative escape. But the renovation wasn't merely cosmetic. Major improvements have included updated electrical service and wiring, copper plumbing, on-demand hot water, zoned heating and cooling, insulation, replastered walls, insulated windows, new cellar door, Radon Mitigation System and roof improvements—all thoughtfully incorporated while respecting the home's historic personality. Outside, a cedar-fenced yard creates a private place to relax, entertain or simply enjoy a little outdoor space in the city. And the location may be one of the most exciting parts of the story. Just minutes from Downtown St. Louis and the new National Geospatial-Intelligence Agency campus, the home sits near one of the city's most significant new employment and development investments—bringing thousands of jobs to the surrounding area. This isn't another cookie-cutter renovation. It's historic St. Louis reimagined—full of warmth, personality and craftsmanship, and ready for its next chapter. 1210 N Market Street. Come experience a home that truly has a story to tell.

1210 N Market St, St Louis