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3725 Morganford Road, Saint Louis, MO 63116

Local realty services provided by:CENTURY 21 Broughton Team
3725 Morganford Road,St Louis, MO 63116
$3,595,000
  • - Beds
  • - Baths
  • 30,234 sq. ft.
  • Multi-family
  • Active
Listed by: garen f lafser, timothy mccarthy
Office: salient realty group, llc.
MLS#:25080611
Source:MO_MARIS

Price summary

  • Price:$3,595,000
  • Price per sq. ft.:$118.91

About this home

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.

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Home facts

  • Year built:1965
  • Listing ID #:25080611
  • Added:45 day(s) ago
  • Updated:January 31, 2026 at 05:16 PM

Rooms and interior

  • Living area:30,234 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric

Structure and exterior

  • Year built:1965
  • Building area:30,234 sq. ft.
  • Lot area:1.02 Acres

Schools

  • High school:Roosevelt High
  • Middle school:Long Middle Community Ed. Center
  • Elementary school:Oak Hill Elem.

Utilities

  • Water:Public

Finances and disclosures

  • Price:$3,595,000
  • Price per sq. ft.:$118.91
  • Tax amount:$19,313 (2024)
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