Renovated 1929 Multifamily Gem in Saint Louis, Missouri with 28 Units, Modern Systems, and a Proven High Return Potential

Located in Saint Louis, MO, the property at 3900 Ray exemplifies the charm of century-old homes infused with modern amenities. This brick building, likely built in the mid-20th century, boasts a classic architectural style common to the region, featuring large windows and distinctive brickwork. With 28 units, ranging from one to three bedrooms, it presents an attractive investment opportunity with a listing price of $1,645,000. Recently renovated, significant upgrades include new plumbing, electrical systems, and HVAC, ensuring lower maintenance costs and energy efficiency. The total square footage and plot area are not specified, but the property is poised for continued success given its low vacancy rates and promising cap rate above 8%. This is a rare find in today’s real estate market.

Front Entrance

The front entrance showcases a classic brick façade with a rich, deep red color. The focal point is a black, paneled door displaying the number 4051 prominently. Flanking the door are two textured light fixtures, adding a warm glow. Above the door, intricate stonework features decorative elements that enhance its historical charm. The surrounding bricks exhibit a structured pattern, while the side windows offer a glimpse of the interior’s simplicity. A concrete walkway leads up to the door, bordered by a low railing, creating an inviting atmosphere. Overall, the aesthetic reflects a blend of traditional and practical design.

Kitchen Space

This kitchen features a compact layout with wooden cabinetry, showcasing a warm, rich brown finish. The countertops are dark, providing a striking contrast against the walls painted in a light gray hue. A white refrigerator stands to the left, maintaining a classic kitchen appliance look. The tiled floor is arranged in a grid pattern, enhancing the room’s structured feel. A double sink with modern faucets is integrated into the countertop, emphasizing functionality. To the right, a doorway leads to another space, framed by dark wooden trim that complements the cabinetry, adding a touch of sophistication to the overall aesthetic.

Bathroom

This small bathroom features a compact design with a tub, toilet, and vanity. The tub has a white, smooth acrylic finish, allowing for easy maintenance. Light grey walls create a neutral backdrop, enhancing the sense of space. A small mirror hangs above the sink, reflecting the room’s simplicity. The beige tile flooring adds warmth and contrasts with the stark white fixtures. Chrome hardware complements the contemporary look, while the layout maximizes functionality, ensuring everything is within reach. A towel rack is mounted beside the tub, providing convenience in this otherwise minimalistic area.

Kitchen Space

The kitchen features a compact layout with wooden cabinetry in warm tones, providing ample storage. A black granite countertop runs along one side, contrasting with the light-colored tile flooring. An efficient stove and oven sit beneath a hood, while the stainless steel sink is positioned adjacent, facilitating easy meal prep. Natural light streams in through a small window, framed by a black trim that echoes the dark door on the opposite wall. The walls are painted in a neutral hue, enhancing the spacious feel, while the tile flooring grounds the design, merging functionality and understated elegance.

Bedroom

This bedroom showcases a minimalist design, featuring hardwood flooring with a rich, warm tone. The walls are painted a soft light gray, providing a neutral backdrop that enhances the space’s brightness. Large windows with horizontal blinds allow ample natural light to filter through, accentuating the room’s simplicity. Dark wooden trim around the windows and floor adds a classic touch, contrasting with the light colors. A single door on the right leads to another area, maintaining an inviting and open layout. The air vent on the floor is discreet, contributing to the room’s practical functionality.

Bedroom

This small bedroom features a warm, inviting atmosphere with polished hardwood flooring. The walls are painted in a soft neutral tone that complements the dark, rich wood of the floors. Two doors, both painted black, provide an elegant contrast to the lighter wall color. One door has a mirrored panel that enhances the sense of space and light. The architectural details include tall, sleek door frames that add sophistication to the design. Natural light filters through the space, creating a cozy yet modern feel. Overall, this room exemplifies a blend of classic and contemporary styles.

Bathroom

The bathroom features a simple, functional layout with a bathtub nestled against the wall, accompanied by a showerhead at the far end. A white sink with a chrome faucet sits on a cabinet, providing storage space beneath. The walls are painted in a muted gray, enhancing the contemporary feel, while the contrasting black framing around the window adds sophistication. Natural light filters through the window, illuminating the space. The floor is tiled in a classic light beige, offering a clean aesthetic. A rectangular mirror above the sink reflects light, contributing to an open ambiance in this compact yet effective space.

Entryway Stairs

A narrow entryway featuring a dark wooden door with a four-pane glass window, offering a glimpse of the outdoors. The door displays a subtle charm with its brass doorknob and lock. To the left, a staircase ascends with dark wooden steps framed by a black railing, emphasizing the vertical design. The walls are painted in a light shade, contrasting with the deep hues of the floor and stairway. A second door is visible to the right, leading to another area, while a textured wall texture adds depth. Natural light filters in from above, brightening the space.

Entryway

The entryway features a spacious layout, with a combination of warm wooden flooring and muted gray walls. The contrast of deep black trim around the windows and doorways enhances the vintage charm of the space. Natural light filters through the three double-hung windows, creating a welcoming ambiance. A simple ceiling fixture provides overhead lighting. The doorway to the left leads into another room, while a coat closet stands to the right, integrating functionality with aesthetics. The absence of excessive decor keeps the focus on the architectural details, embodying a blend of historic elegance and cozy simplicity.

Living Room

This space features a versatile open layout, seamlessly integrating the living area with a kitchenette. The flooring showcases rich, warm hardwood, contrasting with the soft gray walls. Black trim highlights doorways and window frames, adding a bold architectural touch. Simple, functional cabinetry offers practical storage without overwhelming the aesthetics. A central light fixture provides warm illumination, enhancing the inviting atmosphere. Adjacent doorways lead to additional rooms, emphasizing flow while ensuring privacy when desired. Natural light streams in through windows, illuminating the space and creating a balance between modern comfort and historic charm.

Bathroom Space

A compact bathroom featuring a minimalist design. The room is adorned with soft gray walls, which create a serene backdrop. A classic white bathtub runs along one wall, complementing the modern white tiled shower surround. Natural light filters through a large window, framed by dark wooden trim, adding depth to the space. The white toilet sits adjacent to a simple, light-colored vanity that has a polished countertop and vintage-styled faucets. Above the vanity, a rectangular mirror in a black frame enhances the room’s elegance. Clean lines and a neutral palette evoke a calm and inviting atmosphere.

Kitchen

This compact kitchen features a layout optimized for efficiency. The cabinetry is warm, with rich wooden tones that contrast against the cool gray walls. A black countertop runs along one side, providing ample space for food preparation. The white stove and matching sink integrate seamlessly with the cabinetry. Natural light streams in from a nearby window, enhancing the inviting atmosphere. The flooring showcases polished hardwood, adding a touch of elegance to the space. Architectural details include the rounded edges of the countertop and the cozy bar area, perfect for casual meals or conversations.

Bedroom

This cozy bedroom features hardwood flooring with a warm, rustic finish that complements the simple yet elegant design. The walls are painted a soft light gray, creating a neutral backdrop. Two black double doors, leading to built-in closets, add a touch of character and contrast against the wall color. The overall aesthetic is minimalist, emphasizing functionality. A small baseboard heater is visible on the floor, maintaining warmth in colder months. The room’s layout allows for ample natural light, enhancing the inviting atmosphere. It exudes a sense of calm, ideal for relaxation, with a modern but timeless feel.

Courtyard View

An urban courtyard featuring a rectangular layout flanked by two multi-unit brick buildings. Each unit has a small porch with wooden railings. The color palette consists of earthy reds and browns from the brick, contrasting with light gray asphalt. Multiple parked cars, in various colors, line the gravel area, indicating a bustling residential atmosphere. A clear blue sky overhead enhances the open feel of the space. Utility meters are visible on the walls, adding functional details. This area combines living space with outdoor functionality, fostering a community vibe in a compact urban setting.

Listing Agent: Riahna Kastner of St. Louis Real Estate Society via Zillow