Property Description

Historic charm meets value-add opportunity in the heart of sought-after Lafayette Square. 1722 Waverly Place is a classic early 20th-century brick 8-unit apartment building featuring a diverse unit mix of five 1BR/1BA units, one 2BR/1BA, one 3BR/1BA, and one 2BR/2BA-appealing to a wide range of tenants.Positioned in one of St. Louis' most desirable historic neighborhoods, this property offers immediate upside for investors through strategic renovations, enhanced finishes, and rental increases aligned with neighborhood demand. A detached garage presents additional income potential once improved-ideal for covered tenant parking or rentable storage.Included in the sale is 1728 Waverly Place, a separately deeded adjacent vacant lot currently serving as green space for tenants. This rare offering opens the door to multiple value-enhancement possibilities, including expanded outdoor amenities, off-street parking (subject to neighborhood guidelines), or future development in an area known for strong new construction values.Residents enjoy walkable access to Lafayette Square's renowned park, restaurants, and boutique shopping, reinforcing long-term tenant appeal and retention. Additional features include street parking, access to building systems, and potential for shared tenant storage.A compelling opportunity to acquire a character-rich asset with multiple avenues for income growth in a premier historic district.

Property Features

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