3900 Ray Avenue, St Louis, MO 63116

• 18,774 sqft

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

Interior

• Laundry: None
• Basement: FullInterior EntryUnfinishedWalk-Out Access
• A/C: Central AirElectric
• Heating: Forced AirNatural Gas

Exterior

• Style: HistoricLow/1-2
• Parking: Off StreetOn StreetParking Lot

Construction

• General: BrickHistoricLow/1-2Stone

Location

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

Lot

• Zoning: C. B. 6148 RAY AVE160.54 FT / 202.71 FT X105 FT / 75 FTGRAND GRAVOIS PK ADDNLOT 13 146148-00-0260-1

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedSingle PhaseAmeren
• Water: Public

Financial

• Source: maris2

This listing courtesy of St. Louis Real Estate Society