Gimblins Add Real Estate

Welcome to Gimblins Addition, a hidden gem nestled in the heart of St. Louis, Missouri. This charming neighborhood boasts a rich tapestry of history, community spirit, and modern convenience, making it an ideal place to call home.

Gimblins Addition is characterized by its tree-lined streets and a diverse mix of architectural styles, from cozy bungalows to more contemporary homes, offering something for everyone. Residents enjoy a strong sense of community, with friendly neighbors who take pride in their homes and surroundings. The neighborhood is perfect for those seeking a peaceful retreat, while still being just a stone's throw away from the vibrant energy of downtown St. Louis.

One of the neighborhood's standout features is its proximity to a variety of parks and recreational areas. Residents can take leisurely strolls or enjoy picnics in nearby parks, creating a perfect balance of urban living and outdoor enjoyment. The local schools are well-regarded, making it an excellent choice for families looking to settle down in a nurturing environment.

Convenience is at your fingertips in Gimblins Addition, with easy access to public transportation and major roadways. A short drive will take you to an array of shopping, dining, and entertainment options, ensuring that everything you need is within reach.

With its rich community spirit, convenient location, and charming appeal, Gimblins Addition is not just a place to live; it’s a place to thrive. Come discover the warmth and charm of this St. Louis neighborhood – your new home awaits!

$59,900

26044361 MLS ⋅ ACTIVE Status

Bring your vision to this rare opportunity to restore and reimagine a substantial all-brick duplex with an partially finished third level offering even more potential. Whether you're an investor looking for your next value-add project or a buyer searching for exceptional space, this property delivers possibilities that are increasingly difficult to find. The existing layout offers the potential for a spacious 3-bedroom lower unit and a 4-5 bedrooms upper unit, with the partially finished third level (buyer to verify all intended uses and square footage). Much of the original millwork, interior doors, and 4" baseboards remain in place, preserving the character and craftsmanship of this early 20th-century property. For investors, this is an ideal Fall/Winter renovation project with multiple exit strategies. Renovate and hold as a duplex, reposition for increased rental income, explore shared housing or other residential investment models (subject to zoning and municipal approval), or investigate adaptive commercial or care-related uses where permitted. St Louis City's relatively low property taxes, strong demand for affordable housing, and long-term appreciation potential make this an attractive opportunity for those seeking to build wealth through real estate. For owner-occupants, imagine transforming this expansive property into a home designed around your family's needs. With the potential for 5-8 bedrooms, there's room for a growing or multi-generational household, dedicated home offices, hobby spaces, and more. Bring your ideas, select your finishes, and create a one-of-a-kind residence that reflects your vision. The property requires a comprehensive renovation and is being sold strictly **AS IS**. Cash, hard money or commercial financing only. Buyer should conduct all desired inspections for informational purposes and verify all measurements, square footage, zoning, occupancy requirements, permitted uses, and any redevelopment plans prior to closing. Opportunities to acquire a property of this size, character, and redevelopment potential are uncommon. Schedule your showing today and discover what's possible.

8447 Newby St, St Louis

Gimblins Add Real Estate

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