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About the Listing SLMR01 - IVDURHAM,QWILLIAM
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.
Listing Highlights
Status
Active
Days on Site
72
Property Type
Multi-Family
MLS ®
26006712
Year Built
1916
Total Square Footage
3,536
Lot/Acreage
0.11
County
St Louis City
Neighborhood
Orchard Place Add
Area
5 - North
School District
St. Louis City
Elementary School
Farragut Elem.
Middle School
Yeatman-Liddell Middle School
High School
Vashon High
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Block,Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $379
- Taxes w/Assessments: N/A
- Tax/Property ID: 3625-00-0230-0
- Tax Year: 2023
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
3125 Clay Ave St Louis, MO 63115
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