$1,645,000

3900 Ray Avenue, St Louis, MO 63116

  • 18,774 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon0.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $88/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

If you've been trying to find a GOOD INVESTMENT opportunity, you'll want to take a closer look at 3900 Ray. With its mix of one, two, and three bedroom apts. (28 units total), along with its on target pricing, the property offers a new owner a realistic chance at earning a decent return. The reasonable rent rates, off-street parking, centralized location, and unit amenities translate into a LOW VACANCY rate year after year. When vacancies do come up, the units are easy to fill even in the slower months. Plus, the property underwent a massive renovation with major updates to the plumbing, electrical, HVAC (central heating & cooling), and windows throughout. MODERN SYSTEMS offer peace of mind for everyone: less maintenance calls for owners and lower utilities bills for tenants. It's been really hard to find a good deal like this one in the current real estate market. Current rent roll at appx $18,745 a month, with a cap rate above 8%, with reasonable proforma numbers appraching 9.8%. Don't miss your opportunity!

Listing Status:
Active
Date Added:
November 14, 2025 at 06:00AM
Listing Office:
St. Louis Real Estate Society : 314-222-0780
MLS ID:
25076055
  • Laundry: None
  • Basement: FullInterior EntryUnfinishedWalk-Out Access
  • A/C: Central AirElectric
  • Heating: Forced AirNatural Gas
  • Style: HistoricLow/1-2
  • Parking: Off StreetOn StreetParking Lot
  • General: BrickHistoricLow/1-2Stone
  • Originating MLS: maris2
  • School District: St. Louis City
  • County: St Louis City
  • Zoning: C. B. 6148 RAY AVE160.54 FT / 202.71 FT X105 FT / 75 FTGRAND GRAVOIS PK ADDNLOT 13 146148-00-0260-1
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedSingle PhaseAmeren
  • Water: Public
  • Source: maris2

This listing courtesy of St. Louis Real Estate Society

Monthly Payment

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

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Location

Schools Nearby

O

Oak Hill Elementary School

4300 Morganford Rd, Saint Louis, MO, 63116

Grades PK-5

0.50 miles away

L

Long Middle School

5028 Morganford Rd, Saint Louis, MO, 63116

Grades 6-8

0.79 miles away

R

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

1.34 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.

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