MO
St Louis City
St Louis
63106
814 N 19th Street
814 N 19th Street, St Louis, MO 63106
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Listing Type
Multi Family
Listing Status
Active
17
$3,400,000

Home Details for 814 N 19th Street

Price
$3,400,000
Type
Residential Income
Square feet
77127
Year built
1909
Lot size acres
2.66
County
St Louis City
Days on site
1
MLS Listing#
26050885
Property Description

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.

Property Features
  • House Interior
    • Elevator
    • High Ceilings
  • Cooling Information
    • Central Air
  • Parking
    • Parking Lot
School Information
School Information for 814 N 19th Street, St Louis, MO 63106
Elementary School
Jefferson Elem.
Middle School
Yeatman-Liddell Middle School
High School
Vashon High
Listing Courtesy: Salient Realty Group, LLC - 314-374-3687
Presented by: Garen Lafser
Mid America Regional Information Systems logo Based on information submitted to the MLS GRID as of 2026-09-10 10:10:15 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT ELITE REALTY
630 Jeffco Blvd, Arnold, MO 63010
Office
636 464 3222
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