3900 Ray Avenue, St Louis, MO 63116

  • $1,645,000

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!

  • Address: 3900 Ray Avenue
  • City: St Louis
  • State/county: MO
  • Zip/Postal Code: 63116
  • Area: Grand Gravois Park

Details

Updated on January 24, 2026 at 4:36 pm
  • Property ID 25076055
  • Price $1,645,000
  • Land Area 0.408 Acres
  • Garage Size x x
  • Year Built 1929
  • Type 5 Family or More, Residential Income
  • Property Status Active

Additional details

  • Listing Terms Cash,Conventional
  • Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
  • Cooling Central Air,Electric
  • Heating Forced Air,Natural Gas
  • County St Louis City
  • Property Type Residential Income
  • Parking Off Street,On Street,Parking Lot
  • Elementary School Oak Hill Elem.
  • Middle School Long Middle Community Ed. Center
  • High School Roosevelt High
  • Architectural Style Historic,Low/1-2

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