$190,000

3125 Clay Avenue, St Louis, MO 63115

3,536 sqft

Multi-Family Home
Built in 1916
4,600sqft lot
—— car garage
$54/sqft
Listed 4 months ago

Property Description

This triplex presents a solid value-add opportunity in the evolving Greater Ville neighborhood of St. Louis City, offering both in-place income and upside potential. One unit is currently leased, while the 3-bedroom, 1.5-bath townhouse and an additional 2-bedroom, 1-bath unit are vacant, providing flexibility for an owner-occupant or investor. The occupied 2-bedroom, 1-bath unit is leased on a month-to-month basis at $800 per month, with rents currently below market, offering a clear path to increased income over time. The other 3 bed 2 bath is also occupied at $1350 with a 1 yr lease expiring in May 2027. Recent improvements include approximately $18,000+ in updates, including plumbing repairs, water heater installation, bathroom updates, and general unit stabilization. Two units feature newer HVAC systems, and the roof is approximately eight years old, helping to reduce near-term capital expenditures. Based on area rental data, projected rents are approximately $1,200–$1,500 for the 3-bedroom unit and $850–$1,050 for the 2-bedroom units, creating a potential stabilized gross income in the $2,800–$3,200/month range. The vacant townhouse unit provides an opportunity for owner-occupancy or immediate lease-up to maximize returns. Conveniently located near Ranken Technical College, the new NGA campus, major highways, and local amenities, this property is well positioned for continued rental demand. Ideal for investors seeking a value-add asset with improvements already completed and strong income potential.

Listing Status:: Active
Date Added:: February 6, 2026
Data Last Updated:: July 4, 2026 at 11:19PM
Listing Office:: St. Louis Metro, REALTORS : 314-972-0300
MLS ID:: 26006712

Basement: BlockUnfinished
A/C: Central Air
Heating: Forced Air

Style: Other

General: BrickOther

Originating MLS: maris2
School District: St. Louis City
County: St Louis City

Zoning: 3625-00-0230-0

Source: maris2

This listing courtesy of St. Louis Metro, REALTORS

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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