For SaleSingle Family Home

$90,000

Affordable 3-Bed Cottage with Strong Rental History in Riverview

10053 Diamond Drive, St. Louis, Missouri 63137, United States

Investor-ready 3BR/2BA cottage on a level 0.16-acre lot — $1,200/mo proven rent

3

Beds

2

Baths

1,140

Sq Ft

1939

Built

0.16 acres

Lot

1-car attached

Garage

Listed at $90,000 (~$79/sq ft)Proven rental history — previously leased at $1,200/monthFull basement provides extra storage/utility space1-car attached garage and level 0.16-acre lotCentral air and forced-air gas heatingBuilt in 1939 with brick/wood siding — durable constructionVacant and ready for quick possession

About This Home

This brick-and-wood cottage on Diamond Drive stands out for practical, income-producing value. Built in 1939 and offering 1,140 square feet on a level 0.16-acre lot, the home has a sensible one-story layout that prioritizes generous living areas and functional circulation. A single-car attached garage and a standard residential driveway provide easy access and everyday convenience, while a full basement adds storage and utility options that investors and owner-occupants both appreciate.

Inside, three bedrooms and two bathrooms create a flexible footprint that has performed well as a rental — the property was previously leased at $1,200/month, demonstrating immediate income potential. Systems include forced-air gas heating and central air conditioning; the roof is asphalt shingle. Construction combines brick and wood siding, reflecting the era’s solid craftsmanship and straightforward maintenance profile.

The location is quietly residential, a short drive or quick bike ride from neighborhood schools and everyday services. Glasgow Elementary and R. G. Central Middle School are nearby, with Riverview Gardens Senior High about half a mile from the front door. With a modest tax burden and a list price near local market midpoints, this property represents an accessible entry to single-family ownership or a hands-off rental addition to a portfolio.

Practical buyers and investors will value the ability to hold, rent, or make targeted improvements. Comparable sales in the immediate area cluster in the $65k–$115k range, placing this listing competitively at roughly $79/sq ft. Buyers should verify the condition of major systems and review the full inspection report; the listing is offered vacant, streamlining possession. Whether you’re seeking affordable housing or a cash-flow opportunity in a stable neighborhood, 10053 Diamond Drive is a workmanlike, well-located option with immediate upside.

Property Features

Interior Features

  • 3 bedrooms, 2 bathrooms
  • Single-story living with practical layout
  • Full basement for storage or mechanicals
  • Forced-air gas heating
  • Central air conditioning
  • Approx. 1,140 sq ft of living space

Exterior & Lot

  • 0.16-acre level lot (approx. 6,839 sq ft)
  • Brick and wood siding construction
  • Asphalt shingle roof
  • 1-car attached garage
  • Standard residential driveway
  • Level topography — easy maintenance

Location & Neighborhood

  • Riverview neighborhood, St. Louis County
  • Short drive to Glasgow Elementary (0.7 mi) and R. G. Central Middle (1.4 mi)
  • Riverview Gardens Senior High (0.5 mi) nearby
  • Residential street with local amenities close at hand
  • MLS board: MARIS

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Local neighborhood green spaces and playgrounds within a short drive
  • Easy access to schools and community routes
  • Neighborhood streets suited for casual walking and biking
  • Community recreation facilities and parks available within a few miles

Neighborhood

Riverview is a modest, residential pocket of St. Louis County with steady, long-term residents and practical amenities nearby. Schools and community resources are within easy reach, and the neighborhood’s scale supports everyday convenience without heavy traffic. Residents here tend to value affordability and access to local services; modest median incomes and stable population figures have kept the housing market consistent. The area appeals to first-time buyers, downsizers, and investors who prioritize cash-flow potential and straightforward maintenance over high-end finishes.

Market Insights

Riverview’s market shows stability with modest appreciation and a short inventory window. Local market data indicates roughly 3 months of inventory and an average days-on-market near 45 — a balanced to slightly seller-leaning environment where well-priced, affordable homes move steadily. Median sale prices in the micro-area sit near $95,000, and year-over-year appreciation has been modest (about +2% in the last 12 months and roughly +10% over five years). Small single-family cottages like this one typically trade quickly to local buyers and investors because of accessible price points and predictable rental demand.

This property’s previous lease at $1,200/month yields a strong gross rental return relative to the $90,000 list price (historical gross yield around 16% in the provided estimate), making it particularly attractive to investors seeking immediate cash flow. For owner-occupants or first-time buyers, the low entry price and stable neighborhood trends reduce downside risk. That said, purchasers should complete standard due diligence on HVAC, roof, plumbing and electrical systems given the home’s 1939 construction and consider targeted updates to capture full market rent or resale value.

Nearby Schools

Glasgow Elementary School

Elementary · 0.7 mi

5/10

R. G. Central Middle School

Middle · 1.4 mi

5/10

Riverview Gardens Senior High School

High · 0.5 mi

1/10

Walkability & Recreation

35
Walkability
40
Recreation

Limited formal trail access nearby but several neighborhood parks and community recreation spaces are within a short drive; local streets and green spaces support walking, biking, and outdoor play.

Property Overview

10053 Diamond Drive is a 3-bedroom, 2-bathroom cottage-style home built in 1939, offering 1,140 square feet of living space on a 0.16-acre lot in the Riverview neighborhood of St. Louis. The property features a practical layout with generous living spaces, making it suitable for both investors and first-time homebuyers. (compass.com)

From a valuation perspective, the property was listed for sale at $90,000 in November 2025, equating to approximately $79 per square foot. (compass.com) Comparable sales in the area suggest a fair market value range between $85,000 and $95,000, with a midpoint estimate of $90,000. The property has a proven rental history, previously leased at $1,200 per month, indicating strong income potential. (compass.com)

Riverview is a residential neighborhood in St. Louis County, offering proximity to local schools and amenities. Nearby educational institutions include Glasgow Elementary School (5/10 rating), R. G. Central Middle School (5/10 rating), and Riverview Gardens Senior High School (1/10 rating). (zillow.com) The area has a stable population with modest income levels, contributing to a steady real estate market.

Overall, 10053 Diamond Drive presents a solid investment opportunity with its affordable price point, established rental income, and location within a stable neighborhood. Potential buyers should consider the property's age and the condition of major systems, as well as the performance of local schools, when making their decision.

Investment Highlights

  • Proven rental history with $1,200/month income
  • Affordable price point with strong income potential
  • Located in a stable residential neighborhood
  • Proximity to local schools and amenities
  • Solid construction with practical layout

Key Findings

  • Listed for sale at $90,000 in November 2025
  • Previously leased at $1,200/month
  • Built in 1939 with 1,140 sq ft of living space
  • Located in Riverview neighborhood of St. Louis
  • Proximity to Glasgow Elementary and R. G. Central Middle School

Things to Consider

  • Age of property may require maintenance
  • High school rating is below average
  • Market appreciation has been modest

Opportunity Analysis

Affordable 3-bedroom home with proven rental income in a stable neighborhood, offering solid investment potential.

Potential Use Scenarios

  • Acquire as rental property with existing income stream
  • Potential for value-add through minor renovations
  • Hold for long-term appreciation in stable market

Risk Factors

  • Potential maintenance due to age of property
  • Below average high school rating may affect tenant demand
  • Modest market appreciation limits short-term gains

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$85K

Midpoint

$90K

High

$95K

$78.95/SF estimated price per square foot

80% confidence

Sales comparison approach using recent comparable sales within the neighborhood. Adjusted for size, condition, and amenities.

As of 2026-03-05

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$95,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+2.0%

Demographics

Population (1 mi)10,000
Median Income (1 mi)$45,000

Stable population with modest income levels.

Nearby Points of Interest

  • Riverview Gardens Senior High School (0.5 mi)
  • Glasgow Elementary School (0.7 mi)
  • R. G. Central Middle School (1.4 mi)

Located in a residential neighborhood with proximity to schools and local amenities.

School District

DistrictRiverview Gardens School District
ElementaryGlasgow Elementary School (5/10)
MiddleR. G. Central Middle School (5/10)
HighRiverview Gardens Senior High School (1/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1939
Constructionbrick and wood siding
Stories1
Roofasphalt shingle
Heatingforced air gas
Coolingcentral air
Basementfull
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.16 acres (6,839 SF)
Topographylevel
Parkingattached_garage
Parking Spaces1

Utilities

Waterpublic
Sewerpublic
ElectricAmeren
Gasnatural gas

Zoning & Land Use

Zoning Code89R2
DescriptionSingle Family Residential
JurisdictionSt. Louis County

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$11,460
Land$1,980
Improvements$9,480
Annual Tax (2024)$1,221

Sale History

2024-06-06$115,000

$100.88/SF

Public record sale

2025-11-13$90,000

$78.95/SF

Listed for sale

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