$1,350,000

1722-28 Waverly Place, St Louis, MO 63104

10,424 sqft

Multi-Family Home
Built in 1914
7,349sqft lot
—— car garage
$130/sqft
Listed 8 days ago

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.

Listing Status:: Active
Date Added:: March 25, 2026
Data Last Updated:: April 3, 2026 at 6:16AM
Listing Office:: STL Smart Realty : 314-898-0048
MLS ID:: 26017482

Basement: Full
A/C: Ceiling Fan(s)Central AirElectric
Heating: Forced AirNatural Gas

Style: Traditional

General: BrickThree Or More

Originating MLS: maris2
School District: St. Louis City
County: St Louis City

Zoning: 1326-00-0030-0

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedAmeren
Water: Public

Source: maris2
Ownership: Private

This listing courtesy of STL Smart Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sigel Elementary School

2050 Allen Ave, Saint Louis, MO, 63104

Grades PK-6

0.30 miles away

McKinley Classical Leadership Academy

2156 Russell Blvd, Saint Louis, MO, 63104

Grades 6-12

0.30 miles away

McKinley Classical Leadership Academy

2156 Russell Blvd, Saint Louis, MO, 63104

Grades 6-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.