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
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Address: 3900 Ray Avenue
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City: St Louis
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State/county: MO
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Zip/Postal Code: 63116
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Area: Grand Gravois Park
Details
Updated on January 24, 2026 at 4:36 pm-
Property ID 25076055
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Price $1,645,000
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Land Area 0.408 Acres
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Garage Size x x
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Year Built 1929
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Type 5 Family or More, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash,Conventional
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Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
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Cooling Central Air,Electric
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Heating Forced Air,Natural Gas
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County St Louis City
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Property Type Residential Income
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Parking Off Street,On Street,Parking Lot
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Elementary School Oak Hill Elem.
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Middle School Long Middle Community Ed. Center
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High School Roosevelt High
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Architectural Style Historic,Low/1-2
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