Fantastic Opportunity to own a large 3-unit investment property in the heart of the booming Delmar Loop. Ideally situated right next to Washington University, this attractively located property offers many amenities that will keep it high-performing for decades to come. Large 3-bedroom units feature many updates, with completely new plumbing to kitchens and baths, hardwood floors throughout, and renovated kitchens with stainless appliances. Central AC & Forced Air heat, roof in great shape redone in the past few years, impeccable brickwork. Off street parking pad in the rear, metal fire escape in great shape. Clean basement with storage lockers for all units, updated electrical panels. A motivated owner will thrive leasing these 3-bedroom units at a quite achievable $2250 market rate as-is. Wash U charges $1700+ *per person* monthly for tiny dorms -- students flock to the Delmar Loop for all the shops, restaurants, bars and more that it has to offer! With further simple upgrades like in-unit laundry or furnishing the apartment for students, the sky's the limit: others on this block have achieved $3,200/mo+ rents for 3-bedroom units with laundry, furnishings, etc.. Offered at Pro Forma 7.81 Cap rate at market rents, call today
0 Bed
0 Bath
4,212 sq.ft
$0 per sq.ft
Mid-Rise 3or4 Story
$ 709,000
Active
0
26007450
0
0
4,212
Delmar Garden
University City
University City
St Louis
Residential Income
Mid-Rise 3or4 Story
Residential Income
$6,559
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 7244 Shaftesbury Avenue, University City, MO 63130 | 3/1 | 1,856 | $325,000 | $319,000 98.2% of ask |
Sep 4, 2026 |
| 1278 North and South Road, University City, MO 63130 | 2/2 | 1,020 | $100,000 | $98,000 98% of ask |
Sep 3, 2026 |
| 8105 Delmar Boulevard, University City, MO 63130 | 3/2 | 1,639 | $375,000 | $375,000 100% of ask |
Sep 2, 2026 |
| 7322 Drexel Drive, University City, MO 63130 | 4/2 | 1,411 | $325,000 | $315,000 96.9% of ask |
Sep 2, 2026 |
| 7929 Glenside Place, University City, MO 63130 | 3/2 | 1,665 | $310,000 | $318,000 102.6% of ask |
Sep 1, 2026 |
| 720 Westgate Avenue, C, University City, MO 63130 | 2/2 | 1,524 | $2,000 | $2,000 100% of ask |
Aug 27, 2026 |
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TURNKEY SECTION 8 INVESTMENT | 12+ YEAR STABILIZED RESIDENT Turnkey single-family cash-flow asset located in McNamee Heights (University City, 63130). Delivering immediate, stabilized returns with a reliable Section 8 resident of 12+ years and extensive recent mechanical updates. INVESTMENT HIGHLIGHTS: Monthly Rent: $1,400/month ($1,164 Housing Assistance / $236 Tenant portion) Gross Annual Income: $16,800 (12.1% Gross Yield at $139k purchase) Tenant Pays: Electric, Gas, Water, and complete Yard Maintenance Owner Pays: Sewer and Trash only CAPEX & MECHANICAL UPDATES: Capital improvements already completed (with permits): HVAC: Brand new central furnace & A/C system (Installed June 2025) Plumbing: Modernized PVC main stack Electrical: Updated breaker panel Roof & Gutters: Architectural shingle roof (Installed October 2017) Water Heater: Modern, updated unit FUTURE VALUE-ADD / CONVERSION POTENTIAL: Another property on the block, with the identical 864 sq ft footprint converted into a 3-bedroom layout. This provides future owners the option to add a 3rd bedroom within existing square footage upon turnover, unlocking higher HUD Fair Market Rent tiers and proven equity upside. Basement is Partially-finished, Egress windows can be added to increase official Bedrooms / Sqft Property being sold as-is, tenant-occupied. Please do not disturb the tenant. Showings and interior access granted upon an accepted contract. Leases, ledgers, and documentation available upon request.
Classic University City charm meets stylish, updated living at 7448 Tulane! Nestled in the desirable University Place neighborhood and just moments from Mooney Park, this handsome two-story brick home offers wonderful curb appeal and a floor plan designed for today's lifestyle. Beautiful hardwood floors flow through the main living areas, while the large updated kitchen opens seamlessly to the dining area, creating a bright, welcoming space for both everyday living and entertaining. Upstairs you'll find three bedrooms, an updated full bath, and a nice bonus room - the perfect spot for a playroom, home office, reading retreat, or whatever suits your lifestyle. The recently finished lower level with new waterproofing and sump pump provides even more living space with a comfortable recreation room and convenient half bath. Step outside to discover a spacious fenced backyard with irrigation system, offering plenty of room to garden, entertain, play or simply relax. A one-car rear entry garage adds to the home's appeal. With its timeless brick exterior, thoughtful updates, and fantastic location near Mooney Park, this is a home you wont want to miss!!!!
Welcome home to this freshly renovated, move-in ready 3-bedroom, 2-bath bungalow with a bonus room that could easily be used as an additional sleeping area in the University City area! The main level features two bedrooms, a full bath, and a bright sunroom filled with natural light. The walk-up basement offers even more flexibility with a spacious bonus room, third bedroom, full bath, family room, and additional storage. Outside, enjoy a fenced backyard perfect for pets, play, or entertaining, along with the convenience of an attached one-car garage. Freshly updated, versatile, and ready for you to move right in—this one is worth a look!
