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3900 Ray Avenue, Saint Louis, MO 63116

Local realty services provided by:CENTURY 21 Premiere Realty
3900 Ray Avenue,St Louis, MO 63116
$1,645,000
  • - Beds
  • - Baths
  • 18,774 sq. ft.
  • Multi-family
  • Active
Listed by: riahna kastner, matt kastner
Office: st. louis real estate society
MLS#:25076055
Source:MO_MARIS

Price summary

  • Price:$1,645,000
  • Price per sq. ft.:$87.62

About this home

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%.

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Home facts

  • Year built:1929
  • Listing ID #:25076055
  • Added:74 day(s) ago
  • Updated:January 28, 2026 at 05:19 PM

Rooms and interior

  • Living area:18,774 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1929
  • Building area:18,774 sq. ft.
  • Lot area:0.41 Acres

Schools

  • High school:Roosevelt High
  • Middle school:Long Middle Community Ed. Center
  • Elementary school:Oak Hill Elem.

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,645,000
  • Price per sq. ft.:$87.62
  • Tax amount:$12,055 (2025)
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