18
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$210,000
Est. payment /mo
3,536 SqFt
Active
3125 Clay AVE St Louis, MO 63115
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Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $59
Subdivision Orchard Place Add
MLS Listing ID 26006712
Style Other
Year Built 1916
Annual Tax Amount $379
Lot Size 4,599 Sqft
Acres 0.1056
Property Sub-Type 2-4 Units
Property Description
This triplex presents a solid value-add opportunity in the evolving Greater Ville neighborhood of St. Louis City, offering both in-place income and upside potential. One unit is currently leased, while the 3-bedroom, 1.5-bath townhouse and an additional 2-bedroom, 1-bath unit are vacant, providing flexibility for an owner-occupant or investor.
The occupied 2-bedroom, 1-bath unit is leased on a month-to-month basis at $800 per month, with rents currently below market, offering a clear path to increased income over time.
Recent improvements include approximately $18,000+ in updates, including plumbing repairs, water heater installation, bathroom updates, and general unit stabilization. Two units feature newer HVAC systems, and the roof is approximately eight years old, helping to reduce near-term capital expenditures.
Based on area rental data, projected rents are approximately $1,200–$1,500 for the 3-bedroom unit and $850–$1,050 for the 2-bedroom units, creating a potential stabilized gross income in the $2,800–$3,200/month range.
The vacant townhouse unit provides an opportunity for owner-occupancy or immediate lease-up to maximize returns.
Conveniently located near Ranken Technical College, the new NGA campus, major highways, and local amenities, this property is well positioned for continued rental demand. Ideal for investors seeking a value-add asset with improvements already completed and strong income potential.
The occupied 2-bedroom, 1-bath unit is leased on a month-to-month basis at $800 per month, with rents currently below market, offering a clear path to increased income over time.
Recent improvements include approximately $18,000+ in updates, including plumbing repairs, water heater installation, bathroom updates, and general unit stabilization. Two units feature newer HVAC systems, and the roof is approximately eight years old, helping to reduce near-term capital expenditures.
Based on area rental data, projected rents are approximately $1,200–$1,500 for the 3-bedroom unit and $850–$1,050 for the 2-bedroom units, creating a potential stabilized gross income in the $2,800–$3,200/month range.
The vacant townhouse unit provides an opportunity for owner-occupancy or immediate lease-up to maximize returns.
Conveniently located near Ranken Technical College, the new NGA campus, major highways, and local amenities, this property is well positioned for continued rental demand. Ideal for investors seeking a value-add asset with improvements already completed and strong income potential.
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Block, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Farragut Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
Listed by Ivy Grant • St. Louis Metro, REALTORS
NEARBY SCHOOL & BUSINESS
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