855 M and O Station Rd

6
Baths
3,600 Sq. Ft.
$139 / Sq. Ft.
3,600
Sq. Ft.
$139
per Sq. Ft.

Description

Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate
Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear
...Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate

Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.
  1. Listed by Doug Payne • Southern Illinois Realty, LLC
    P: (618)-792-8088 C: (618)-792-8088 dougpayne21@yahoo.com
  2. Listed by Judy Ross • Southern Illinois Realty, LLC
    P: (618)-789-4379 C: (618)-233-1101 ross4913@gmail.com

Property Details for 855 M And O Station Road

Architectural Style
Apartment Style
Waterfront
No
Cross Street
Il Rt 158
LISTING UPDATED: 04/03/2026 01:20 PM

Property Details for 855 M And O Station Road

StatusClosed
MLS #26006463
Days on Market46
Taxes$8,310 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 5 Family or More
Year Built1985
Lot Size0.28 AC / 12,196 SF
CountySt. Clair County

Location

Listing Courtesy of Southern Illinois Realty, LLC

Sold By Southern Illinois Realty, LLC

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Building Information for 855 M And O Station Road

Stories-Residences6Year Built1985Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

$3,210 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,518

Property Taxes

$693

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 855 M And O Station Road

Summary
Location and General Information
  • City: Millstadt
  • County Or Parish: St. Clair
  • Latitude: 38.456821
  • Longitude: -90.103554
  • Postal Code: 62260
  • State Or Province: IL
  • Sub division Name: O Station Sub
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Parcel Number: 12-09.0-305-002
  • Tax Annual Amount: $8,310.00
  • Tax Legal Description: M & O Station Sub, Lot/Sec-2 A02772571
  • Tax Year: 2024
  • AssociationYN: No
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Asphalt
  • Parking Total: 6.0
School Information
  • Elementary School: BELLEVILLE DIST 118
  • High School: Belleville High School-West
  • High School District: Belleville DIST 118
  • Middle Or Junior School: BELLEVILLE DIST 118
Virtual Tour
Property
Lot Information
  • Living Area: 3600.0
  • Lot Size Acres: 0.28
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 12196.8
  • Property Condition: Updated/Remodeled
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3600.0
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 1800.0
  • Below Grade Finished Area Source: Assessor
  • Documents Count: 0
  • Photos Count: 20
  • Year Built: 1985
  • Disclosures: No Other Known Restrictions, Occupancy Permit Required
  • Construction Materials: Vinyl Siding
  • Ownership Type: Private
  • NewConstructionYN: No
  • StructureType: Apartment Building
  • BuyerFinancing: Conventional
  • SeniorCommunityYN: No
  • NumberOfUnitsLeased: 5
Utilities
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Architectural Shingle
  • Pool Private: No
  • MIS_PoolYN: No
  • NumberOfBuildings: 1
Interior Features
  • Appliances: Range Hood, Electric Range, Refrigerator, Electric Water Heater
  • Basement: Finished
  • Basement YN: Yes
  • Levels: Three Or More
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0
  • Cooling: Ceiling Fan(s), Central Air
  • Fireplace: No
  • Heating: Natural Gas
  • Laundry Features: In Unit
  • LivingAreaSource: Assessor
  • MIS_MainAndUpperLevelBedrooms: 0
  • MIS_MainAndUpperLevelBathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 6
  • Number Of Units Total: 6
Income & Expenses
  • Net Operating Income: $53,222.00
Unit 1
  • UnitType Beds Total: 2.0
Unit 2
  • UnitType Beds Total: 2.0
Unit 3
  • UnitType Beds Total: 2.0
Unit 4
  • UnitType Beds Total: 2.0
Unit 5
  • UnitType Beds Total: 2.0
Unit 6
  • UnitType Beds Total: 2.0

Property History for 855 M And O Station Road

DateEvent & SourcePriceAppreciation
Apr 3, 2026

Closed

MARIS #26006463

$500,000
Mar 23, 2026

Pending

MARIS #26006463

Feb 10, 2026

Active Under Contract

MARIS #26006463

Feb 5, 2026

Listed (Active)

MARIS #26006463

$520,000
Jan 31, 2023

Closed (Public Record)

Public Record #1505303858

$340,000

+1.9% / yr

Nov 22, 2010

Closed (Public Record)

Public Record #300520024

$270,000
DateEvent & SourcePrice
04/03/2026

Closed

MARIS #26006463

$500,000
03/23/2026

Pending

MARIS #26006463

02/10/2026

Active Under Contract

MARIS #26006463

02/05/2026

Listed (Active)

MARIS #26006463

$520,000
01/31/2023

Closed (Public Record)

Public Record #1505303858

$340,000

+1.9% / yr

11/22/2010

Closed (Public Record)

Public Record #300520024

$270,000

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

Public Records for 855 M And O Station Road

Taxable ValueLand$13,222Additions$101,191Total$114,413
Tax Record2024$8,310 ($693 / month)
Home Facts
Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtLot Size12,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyST. CLAIRAPN12-09-0-305-002

Schools near 855 M And O Station Road

This home is within Belleville Twp Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 9 to 12
Public - PK to 2
Public - 9 to 12
Rating
School
Distance
Millstadt Consolidated School
Public3 to 8

Belleville High School-West
Public9 to 12

Millstadt Primary Center
PublicPK to 2

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.

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Listing Courtesy of Southern Illinois Realty, LLC

Based on information submitted to the MLS GRID as of 04/03/2026 01:20 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.