Franklin School Apartments

For Sale

814 N 19th St, Saint Louis, MO 63106

This Saint Louis property for sale is located at 814 N 19th St. The current listed sale price for Franklin School Apartments is $3,400,000. Franklin School Apartments is situated on a lot that is 2.09 acre in size.

Contacts

Garen Lafser

Salient Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 77,127 SF
  • Units 75
  • Lot Size 2.09 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1909
  • Year Renovated 2006
  • Date Updated Sep 24, 2026
Situated in Downtown West, one of St. Louis's most dynamic and rapidly developing submarkets, the Franklin School Apartments sit at the heart of a neighborhood defined by handsome brick architecture, historic character, and a wave of modern reinvestment. Downtown West draws a diverse mix of young professionals, families, and creatives, fueled by affordable living, walkability, and immediate proximity to the economic engine of downtown. The property is in close proximity to many large scale projects and landmarks. The new NGA West headquarters, the $1.75 billion National Geospatial-Intelligence Agency campus at Jefferson and Cass Avenues — less than one mile away and the largest federal investment in St. Louis history, bringing approximately 3,150 employees to the immediate area. Just over a mile south, Energizer Park — the 22,423-seat, $457.8 million home of MLS's St. Louis City SC — anchors the largest urban professional sports campus in the country and has helped draw nearly $820 million of investment into Downtown West since 2019. Additional major employers including BJC HealthCare, Washington University, SSM Health, Wells Fargo, and Saint Louis University ensure deep, diversified demand within minutes of the front door. Residents enjoy outstanding connectivity, with I-70 and I-64 accessible within minutes and Tucker Boulevard and Broadway providing efficient local circulation. The Gateway Arch National Park, Forest Park, Citygarden, and the forthcoming Brickline Greenway offer world-class green space, while the Washington Avenue corridor, Ballpark Village, City Foundry STL, and Union Station deliver dining, entertainment, and retail — reinforcing downtown's ranking among the nation's most walkable urban cores. The location's trajectory is decisively upward, backed by an unprecedented wave of capital committed to Downtown St. Louis, including the $670 million Millennium Hotel redevelopment, a planned Ballpark Village Phase III expansion, the $256 million America's Center expansion, and a $55 million Rams settlement infusion into downtown infrastructure. State legislation including HB 3231 and the Missouri Downtown Economic Stimulus Act (MODESA) further unlocks hundreds of millions toward converting major downtown vacancies — including the Railway Exchange Building and the AT&T Tower — into new residential product, offering investors a compelling growth narrative anchored by durable public and private investment surrounding the property.
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Highlights

  • $232/month rent upside with ability to execute business plan immediately
  • $45,333/unit entry basis incredible basis for a building of this quality
  • $618/mo avg rents. Conservative $895/mo market rent - many area 1 bed rents start at $1,000/mo.
  • 2006 full gut redevelopment plumbing, electrical, windows, and more - all systems already modernized
  • 66.7% occupancy, predominantly month-to-month leases flexibility from day one
  • Close proximity to the $1.7 billion NGA West campus and $457 million new MLS Stadium
  • Entire City Block - Additional lots add further parking or amenity offerings
  • Outstanding value add opportunity at a remarkable basis
  • State & Fed Historic Tax Credit eligibility potentially offsets renovation capital

Attachments

Getting around

  • 88/100

    Walk Score ®

  • 50/100

    Transit Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Louis, MO
  • Neighborhood Downtown West Saint Louis
  • Zip Code 63106
  • Market St Louis

Points of Interest

  • Union Station - Stair Access

    0.62 miles

  • Union Station - Elevator Access

    0.63 miles

  • Union Station

    0.63 miles

  • St. Louis - Gateway Station

    0.80 miles

  • 8th & Pine

    0.87 miles

  • Missouri History Museum/Forest Park

    4.39 miles

  • Forest Park - DeBaliviere Metrolink

    4.42 miles

  • The Wild Station

    4.52 miles

  • Discovery Corner Station

    4.65 miles

  • Delmar Loop Metrolink

    5.00 miles

  • Shell

    0.48 miles

  • BP

    0.81 miles

  • EV Connect

    0.87 miles

  • ChargePoint

    0.88 miles

  • Zephyr Xpress

    1.12 miles

  • Phillips 66

    1.43 miles

  • Crown

    1.79 miles

  • EVgo Charging Station

    3.10 miles

  • Tesla Supercharger

    3.18 miles

  • Electric Car Charging Station

    6.39 miles

  • Butler Die CO lot

    0.10 miles

  • Moon Bros Parking

    0.12 miles

  • 18th Lucas lot

    0.14 miles

  • St. Louis Auto Park

    0.33 miles

  • 15th Lucas lot

    0.33 miles

  • Schlafly Tap Room Lot

    0.34 miles

  • 14th Delmar Lot

    0.35 miles

  • 14th MLK Lot

    0.36 miles

  • 18th & Chestnut Garage

    0.38 miles

  • Saint Louis Library Lot

    0.40 miles

  • The Last Hotel STL

    0.31 miles

  • 21c Museum Hotel St Louis

    0.33 miles

  • Union Station Marriott

    0.48 miles

  • Tru

    0.49 miles

  • Home2 Suites

    0.50 miles

  • Pear Tree Inn Union Station

    0.50 miles

  • Fairfield Inn & Suites St. Louis Downtown

    0.55 miles

  • Drury Inn St. Louis At Union Station

    0.60 miles

  • Courtyard Downtown

    0.65 miles

  • Le Méridien

    0.71 miles

  • Fields Foods

    0.19 miles

  • St. Louis Union Station

    0.53 miles

  • Copia Wine Mart and Bodega

    0.60 miles

  • Schnucks

    0.76 miles

  • James Henry Provisions

    1.08 miles

  • The Cobblestone STL

    1.23 miles

  • Save-A-Lot

    1.49 miles

  • Target

    1.76 miles

  • Fresh Thyme

    1.80 miles

  • ALDI

    1.88 miles

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