$90,000
3 Bed · 2 Bath · 1,140 Sq Ft
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
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.
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.
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.
Glasgow Elementary School
Elementary · 0.7 mi
R. G. Central Middle School
Middle · 1.4 mi
Riverview Gardens Senior High School
High · 0.5 mi
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.
Affordable 3-bedroom home with proven rental income in a stable neighborhood, offering solid investment potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$85K
Midpoint
$90K
High
$95K
$78.95/SF estimated price per square foot
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.
Stable population with modest income levels.
Located in a residential neighborhood with proximity to schools and local amenities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$100.88/SF
Public record sale
$78.95/SF
Listed for sale
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