3900 Ray Ave

St. Louis, MO 63116

$1,645,000
Price
6
Beds
3
Baths
18,774 Sq. Ft.
$88 / Sq. Ft.
18,774
Sq. Ft.
$88
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Active Under Contract
Active Under Contract

Description

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...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!
  1. Listed by Riahna Kastner • St. Louis Real Estate Society
    P: (314)-332-1044 riahna@stlresociety.com
  2. Listed by Matt Kastner • St. Louis Real Estate Society
    P: (314)-332-1036 matt@stlresociety.com

Property Details for 3900 Ray Avenue

Architectural Style
Historic, Low/1-2
Waterfront
No
Cross Street
Meramec
LISTING UPDATED: 05/04/2026 01:31 PM

Property Details for 3900 Ray Avenue

StatusActive Under Contract
MLS #25076055
Days on Market171
Taxes$12,055 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 5 Family or More
Year Built1929
Lot Size0.41 AC / 17,772 SF
CountySt. Louis Independent City
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of St. Louis Real Estate Society
Add your commute

Building Information for 3900 Ray Avenue

Stories-Residences-Year Built1929Building Size-Lot Size0.41 AC / 17,772 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$9,288 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,283

Property Taxes

$1,005

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3900 Ray Avenue

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Latitude: 38.58714463
  • Longitude: -90.25550155
  • Neighborhood: Dutchtown
  • Postal Code: 63116
  • State Or Province: MO
  • Sub division Name: Grand Gravois Park
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 6148-00-0260-1
  • Tax Annual Amount: $12,054.95
  • Tax Legal Description: C. B. 6148 RAY AVE, 160.54 FT / 202.71 FT X, 105 FT / 75 FT, GRAND GRAVOIS PK ADDN, LOT 13 14
  • Tax Year: 2025
  • AssociationYN: No
Owner
  • Township: St. Louis City
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Off Street, On Street, Parking Lot
School Information
  • Elementary School: Oak Hill Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Long Middle Community Ed. Center
Property
Lot Information
  • Living Area: 18774.0
  • Lot Size Acres: 0.408
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 17772.48
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 18774.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 1
  • Photos Count: 36
  • Year Built: 1929
  • Disclosures: Flood Plain No, Lead Paint
  • Construction Materials: Brick
  • NewConstructionYN: No
  • StructureType: Apartment Building
  • LeaseConsideredYN: No
  • OccupantType: Tenant
  • SeniorCommunityYN: No
Utilities
  • Electric: Single Phase, Ameren
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • MIS_PoolYN: No
  • FoundationDetails: Stone
  • NumberOfBuildings: 1
Interior Features
  • Appliances: Electric Range, Refrigerator
  • Basement: Full, Interior Entry, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Central Air, Electric
  • Fireplace: No
  • Heating: Electric, Forced Air
  • Laundry Features: Electric Dryer Hookup, Multiple Locations, Washer Hookup
  • Window Features: Insulated Windows
  • LivingAreaSource: Public Records
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 28
Income & Expenses
  • Net Operating Income: $132,528.00
Unit 1
  • UnitType Beds Total: 2.0
Unit 2
  • UnitType Beds Total: 3.0
Unit 3
  • UnitType Beds Total: 1.0

Property History for 3900 Ray Avenue

DateEvent & SourcePriceAppreciation
Apr 27, 2026

Active Under Contract

MARIS #25076055

—
Nov 14, 2025

Listed (Active)

MARIS #25076055

$1,645,000—
DateEvent & SourcePrice
04/27/2026

Active Under Contract

MARIS #25076055

—
11/14/2025

Listed (Active)

MARIS #25076055

$1,645,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3900 Ray Avenue

Taxable ValueLand$6,840Additions$109,990Total$116,830
Tax Record2011$8,419 ($702 / month)
Home Facts
Lot Size16,346 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningBCountySAINT LOUIS CITYAPN61480002600

Schools near 3900 Ray Avenue

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Oak Hill Elementary School
Public - PK to 5
Long Middle Community Ed. Center
Public - 6 to 8
Roosevelt High School
Public - 9 to 12
Ford-Ford Br. Elementary Community Ed.
Public - PK to 6
Rating
School
Distance
Oak Hill Elementary School
PublicPK to 5

Long Middle Community Ed. Center
Public6 to 8

Roosevelt High School
Public9 to 12

Ford-Ford Br. Elementary Community Ed.
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of St. Louis Real Estate Society

Based on information submitted to the MLS GRID as of 05/04/2026 01:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.