3900 Ray Ave Saint Louis, MO 63116
Dutchtown NeighborhoodEstimated payment $9,787/month
Highlights
- 0.41 Acre Lot
- Laundry in multiple locations
- Historic Home
- No HOA
- Forced Air Heating and Cooling System
- 3-minute walk to Amberg Park
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 $18,950 a month, with a cap rate of 8.75%, with reasonable proforma numbers approaching 10.28%. Don't miss your opportunity!
Listing Agent
St. Louis Real Estate Society License #2009001033 Listed on: 11/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,055
Year Built
- Built in 1929
Lot Details
- 17,772 Sq Ft Lot
- Historic Home
Home Design
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 18,774 Sq Ft Home
- Insulated Windows
- Electric Range
Bedrooms and Bathrooms
- 48 Bedrooms
- 28 Bathrooms
Laundry
- Laundry in multiple locations
- Washer and Electric Dryer Hookup
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- On-Street Parking
- Parking Lot
- Off-Street Parking
Schools
- Oak Hill Elem. Elementary School
- Long Middle Community Ed. Center
- Roosevelt High School
Utilities
- Forced Air Heating and Cooling System
- Single-Phase Power
Listing and Financial Details
- Assessor Parcel Number 6148-00-0260-1
Community Details
Overview
- No Home Owners Association
- 28 Units
- Low-Rise Community
Building Details
- Net Operating Income $132,528
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,326 | $147,250 | $6,840 | $140,410 |
| 2024 | $11,720 | $147,250 | $6,840 | $140,410 |
| 2023 | $11,720 | $147,250 | $6,840 | $140,410 |
| 2022 | $12,172 | $147,250 | $6,840 | $140,410 |
| 2021 | $12,172 | $186,200 | $6,840 | $179,360 |
| 2020 | $6,614 | $80,750 | $6,840 | $73,910 |
| 2019 | $6,591 | $80,750 | $6,840 | $73,910 |
| 2018 | $6,799 | $80,750 | $6,840 | $73,910 |
| 2017 | $6,683 | $80,750 | $6,840 | $73,910 |
| 2016 | $6,768 | $80,750 | $6,840 | $73,910 |
| 2015 | $6,129 | $80,750 | $6,840 | $73,910 |
| 2014 | $6,125 | $80,750 | $6,840 | $73,910 |
| 2013 | -- | $80,750 | $6,840 | $73,910 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $1,645,000 | -- | $88 / Sq Ft |
Source: MARIS MLS
MLS Number: MIS25076055
APN: 6148-00-0260-1
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Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.