$520,000

855 M And O Station Road, Millstadt, IL 62260

  • 3,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $144/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.

Listing Status:
Active
Date Added:
February 5, 2026
Data Last Updated:
February 10, 2026 at 8:18PM
Listing Office:
Southern Illinois Realty, LLC : 618-792-8088
MLS ID:
26006463
  • Appliances: Range HoodElectric RangeRefrigeratorElectric Water Heater
  • Laundry: In Unit
  • Basement: Finished
  • Flooring: CarpetLuxury Vinyl
  • A/C: Ceiling Fan(s)Central Air
  • Heating: Natural Gas
  • Style: Apartment Style
  • Parking: AsphaltParking spaces: 6
  • Roofing: Architectural Shingle
  • General: Vinyl SidingThree Or More
  • Originating MLS: maris2
  • School District: Belleville DIST 118
  • County: St. Clair
  • Zoning: M & O Station SubLot/Sec-2 A0277257112-09.0-305-002
  • Utilities: Cable Available
  • Water: Public
  • Source: maris2
  • Ownership: Private

This listing courtesy of Southern Illinois Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Millstadt Consolidated School

211 W Mill St, Millstadt, IL, 62260

Grades 3-8

0.65 miles away

M

Millstadt Consolidated School

211 W Mill St, Millstadt, IL, 62260

Grades 3-8

0.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.