$3,595,000

3725 Morganford Road, St Louis, MO 63116

  • 30,234 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon1.02acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $119/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Salient Realty Group is pleased to present this opportunity to acquire the Morganford Plaza Apartments, a 40-unit apartment community at 3725-41 Morganford Road, in St. Louis, Missouri. The property offers a strong value add opportunity with below market rents and a proven concept of conducting cosmetic unit updates to raise rents. It's rare to find a complex of this size and quality priced under $90,000 per unit. The property offers an attractive unit mix with 24, 1 bedroom units and 16, 2 bedroom units and has had some major updates in recent years including: newer TPO roofs, all newer HVAC systems, updated laundry facility, and updated common grounds. Approximately 25 units have had cosmetic updates done, leaving 15 more to do and increase rents. A billboard is also located on the property and pays $2,000 annually. Reach out to the brokers for more information on this opportunity.

Listing Status:
Active
Date Added:
December 16, 2025 at 06:00AM
Listing Office:
Salient Realty Group, LLC : 314-374-3687
MLS ID:
25080611
  • Appliances: Electric Cooktop
  • Laundry: InsideLaundry Room
  • Basement: ConcreteSump PumpWalk-Out Access
  • Flooring: Laminate
  • A/C: Ceiling Fan(s)Central Air
  • Heating: Electric
  • Fireplace: Fireplaces: 0
  • Style: Apartment Style
  • Parking: Asphalt
  • Roofing: Rubber
  • General: BrickTwo
  • Road/Access: City Street
  • HOA Amenities: SidewalksStreet LightsPublic Bus
  • Originating MLS: maris2
  • School District: St. Louis City
  • County: St Louis City
  • Zoning: C.B.4170-E MORGANFORD RD 240.65 / 225.77 X 155.42 / 225 BECKS OF THOLOZAN ADDN BLOCK 2 LOTS 36 & 37 & 38 & 39 & 404170-03-0370-0
  • Utilities: Electricity ConnectedSewer ConnectedWater ConnectedAmeren
  • Water: Public
  • Source: maris2
  • Ownership: Private

This listing courtesy of Salient Realty Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oak Hill Elementary School

4300 Morganford Rd, Saint Louis, MO, 63116

Grades PK-5

0.15 miles away

L

Long Middle School

5028 Morganford Rd, Saint Louis, MO, 63116

Grades 6-8

0.77 miles away

R

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

1.60 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.