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3900 Ray Avenue, 
St Louis, MO 63116

$1,645,000


Bed


Bath


18,774

Sq Ft


Multi-Family

Active

Listed by

Riahna Kastner

Matt Kastner

St. Louis Real Estate Society

Last updated:

November 14, 2025, 09:50 PM

MLS#

25076055

Source:

MO MARIS

About This Home

3900 Ray Avenue

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!

Home Facts

Multi-Family

Built in 1929

Price Summary

1,645,000

$87 per Sq. Ft.

MLS #:

25076055

Last Updated:

November 14, 2025, 09:50 PM


Rooms & Interior

Interior

Living Area:

18,774 Sq. Ft.


Structure

Structure

Architectural Style:

Historic, Low/1-2

Building Area:

18,774 Sq. Ft.

Year Built:

1929


Lot

Lot Size (Sq. Ft):

17,772


Finances & Disclosures

Finances

Price:

$1,645,000

Price per Sq. Ft:

$87 per Sq. Ft.

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