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814 N 19th Street, St Louis City, MO, 63106

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.

Subdivision: Franklin School Resub

List Price

$ 3,400,000

Status

Active

Days on market

0

MLS#

26050885

Bedrooms

0

Full baths

0

Subdivision

Franklin School Resub

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential Income

Style

Historic

Type

Residential Income

Additional Information

Property Tax (2025)

$18,697

Recent Nearby Sales in 63106

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
2700 Bacon Street, St Louis City, MO 63106 3/2 1,250 $117,500 $110,000
93.6% of ask
Jul 16, 2026
1111 Biddle Street, St Louis City, MO 63106 2/1 900 $120,000 $115,000
95.8% of ask
Jul 6, 2026
8154 Whitburn Avenue, 2W, Clayton, MO 63106 2/1 1,296 $1,650 $1,650
100% of ask
Jun 12, 2026
2002 Saint Louis Avenue, St Louis City, MO 63106 0/0 7,944 $85,000 $65,000
76.5% of ask
Jun 12, 2026
706 Cass Avenue, St Louis City, MO 63106 0/0 -- $7,500 $7,500
100% of ask
May 29, 2026
2012 Saint Louis Avenue, St Louis City, MO 63106 0/0 4,270 $122,000 $60,000
49.2% of ask
May 11, 2026

Price & Listing History

Listed for sale
Sep 10, 2026 at $3,400,000
Current status: Active
As of Sep 10, 2026 · $3,400,000

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