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5677 Waterman, 32, St Louis City, MO, 63112

Rare investor opportunity in the heart of Skinker DeBaliviere! Priced $57,000 below the seller's original purchase price, this turn-key 2-bedroom, 1-bath condo offers immediate cash flow and substantial built-in equity. The interior unit suffered zero damage from recent storms and is 100% move-in/rent ready, previously commanding $1,400/month in rent. The complex is currently undergoing comprehensive exterior and roof repairs, fully funded by insurance. Due to ongoing repairs across the development, this condo is non-conforming to FNMA guidelines and requires a cash purchase. Per property management, conventional lender financing is anticipated to re-open once exterior work is completed—offering a prime opportunity for a future cash-out refinance. Selling strictly AS-IS. Minutes from Forest Park, Washington University, and the Delmar Loop.

Subdivision: Waterman 4 Condominium

List Price

$ 90,000

Status

Active

Days on market

0

MLS#

26055980

Bedrooms

2

Full baths

1

Sq. Ft. Above

840

Subdivision

Waterman 4 Condominium

Municipality

St Louis City

School District

St. Louis City

County

St Louis City

Property Type

Residential

Style

Mid-Rise 3or4 Story

Type

Residential

Additional Information

Property Tax (2025)

$1,906

Recent Nearby Sales in 63112

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
609 Clara Avenue, 2A, St Louis City, MO 63112 3/2 1,335 $209,900 $203,400
96.9% of ask
Sep 3, 2026
5510 Waterman Boulevard, 602, St Louis City, MO 63112 3/2 1,591 $349,000 $340,000
97.4% of ask
Sep 3, 2026
5866 Etzel Avenue, St Louis City, MO 63112 0/0 2,860 $170,000 $162,500
95.6% of ask
Aug 31, 2026
5591 Waterman Boulevard, A, St Louis City, MO 63112 2/2 1,256 $229,000 $224,000
97.8% of ask
Aug 31, 2026
1215 Oakley Place, St Louis City, MO 63112 4/3 1,920 $85,000 $85,000
100% of ask
Aug 28, 2026
5381 Pershing Avenue, 102, St Louis City, MO 63112 2/2 1,110 $210,000 $200,000
95.2% of ask
Aug 25, 2026

Price & Listing History

Listed for sale
Aug 31, 2026 at $90,000
Current status: Active
As of Aug 31, 2026 · $90,000

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