134 Gray Street, Festus, MO 63028
Local realty services provided by:CENTURY 21 Premiere Realty
134 Gray Street,Festus, MO 63028
$499,900
- - Beds
- - Baths
- 3,545 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Aug 3001:00 pm - 03:00 pm
Listed by: christoph dewald, brian dewald
Office: exp realty, llc.
MLS#:26054507
Source:MO_MARIS
Price summary
- Price:$499,900
- Price per sq. ft.:$141.02
About this home
One of a kind opportunity - Fully rehabbed Triplex in the heart of Festus! This large three unit building is perfect for house -hacking or the savvy investor! Major cash flow opportunity with projected gross annual of $67,800 (before expenses), a Gross Yield of 13.6%. Each unit has been fully remodeled with open concept layouts, en-suite primary main floor bedrooms, in-unit laundry, stainless steel appliances, granite countertops, walk-in closets and thoughtful finishes throughout. Updates also include a new roof and all new systems! Assigned private parking spots - Unit 138 has two spots, Unit 134 has three spots, Unit 136 has three spots AND there's 3 open guest parking spots. Unit 136 located in the back of the building with a screened in porch features over 1,400 sqft of living space with three generous sized bedrooms, 2 full baths, a large living room opening up to dining area and big kitchen with tons of cabinetry. Unit 134 located in the front of the building with a covered front porch features almost 1,000 sqft of living space, 3 bedrooms, 2 full baths, a laundry room with extra storage, big living room in the front, a walk-in closet and an efficient u-shaped kitchen layout with generous workspace & ample amount of cabinets. Unit 138 located upstairs with over 750 sqft opens up to a large open-concept space with living area & eat-in kitchen and has a smart layout with 2 big bedrooms, 1 full bath. Excellent house-hacking opportunity: Three Units - Multiple Income Streams. Fully renovated. One Smart Move. Live in one unit while collecting rent from the other two, giving you the opportunity to reduce your out-of-pocket housing costs & expenses while building equity. Home warranty offered! These move-in ready units are a MUST SEE.
Below are the numbers for projected rent:
Unit 136 – 3 Bed / 2 Bath: approximately $2,100/month.
Unit 134 – 3 Bed / 2 Bath: approximately $1,950/month.
Unit 138 – 2 Bed / 1 Bath: approximately $1,600/month.
Water, sewer, and trash are included, while gas and electric are separately metered. Attention investors - strong 1% Rule Opportunity! Offered at $499,900, this three-unit property features projected combined rents of approximately $5,650 per month ($67,800 annually). That equates to approximately 1.13% of the list price in projected monthly rental income, exceeding the traditional 1% Rule benchmark. 134-138 Gray St - conveniently located in Festus, close to Main Street, schools, restaurants, shopping, highways+++ CALL NOW for more information!...
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Home facts
- Year built:1920
- Subdivision & Development:None
- Listing ID #:26054507
- Added:1 day(s) ago
- Updated:August 26, 2026 at 04:33 PM
Rooms and interior
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Partial, Storage Space
- Living area:3,545 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1920
- Building area:3,545 sq. ft.
- Lot area:0.27 Acres
- Construction Materials:Vinyl Siding
- Levels:1.5 Story
Schools
- High school:Festus Sr. High
- Middle school:Festus Middle
- Elementary school:Festus Elem.
Utilities
- Water:Public
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$141.02
Features and amenities
- Amenities:High Ceilings, Open Floorplan
Parking
- Parking description:Additional Parking, Off Street, On Street
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