Active Open Sunday 08/30 2 PM-4 PM

134 Gray Street

Festus, MO 63028

$499,900 $2,107/Mo

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Overview

Bed

Bath

0.27

Acre(Lot)

Description

One of a kind opportunity - Fully rehabbed Triplex in the heart of Festus! This large three unit building is perfect for house -hacking or the savvy investor! Major cash flow opportunity with projected gross annual of $67,800 (before expenses), a Gross Yield of 13.6%. Each unit has been fully remodeled with open concept layouts, en-suite primary main floor bedrooms, in-unit laundry, stainless steel appliances, granite countertops, walk-in closets and thoughtful finishes throughout. Updates also include a new roof and all new systems! Assigned private parking spots - Unit 138 has two spots, Unit 134 has three spots, Unit 136 has three spots AND there's 3 open guest parking spots. Unit 136 located in the back of the building with a screened in porch features over 1,400 sqft of living space w ith three generous sized bedrooms, 2 full baths, a large living room opening up to dining area and big kitchen with tons of cabinetry. Unit 134 located in the front of the building with a covered front porch features almost 1,000 sqft of living space, 3 bedrooms, 2 full baths, a laundry room with extra storage, big living room in the front, a walk-in closet and an efficient u-shaped kitchen layout with generous workspace & ample amount of cabinets. Unit 138 located upstairs with over 750 sqft opens up to a large open-concept space with living area & eat-in kitchen and has a smart layout with 2 big bedrooms, 1 full bath. Excellent house-hacking opportunity: Three Units - Multiple Income Streams. Fully renovated. One Smart Move. Live in one unit while collecting rent from the other two, giving you the opportunity to reduce your out-of-pocket housing costs & expenses while building equity. Home warranty offered! These move-in ready units are a MUST SEE. Below are the numbers for projected rent: Unit 136 – 3 Bed / 2 Bath: approximately $2,100/month. Unit 134 – 3 Bed / 2 Bath: approximately $1,950/month. Unit 138 – 2 Bed / 1 Bath: approximately $1,600/month. Water, sewer, and trash are included, while gas and electric are separately metered. Attention investors - strong 1% Rule Opportunity! Offered at $499,900, this three-unit property features projected combined rents of approximately $5,650 per month ($67,800 annually). That equates to approximately 1.13% of the list price in projected monthly rental income, exceeding the traditional 1% Rule benchmark. 134-138 Gray St - conveniently located in Festus, close to Main Street, schools, restaurants, shopping, highways+++ CALL NOW for more information!

Property Details

Property Type : Residential Income

Price : $499,900

AD Id : 89969437

MLS Id : MIS26054507

Lot Size : 0.27 Acre

Year Built : 1920

County : Jefferson

Open House

08/30 2 PM-4 PM

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes

Interior Features

Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Other, Recessed Lighting, See Remarks, Vaulted Ceiling(s), Walk-In Closet(s) Appliances: Stainless Steel Appliance(s), Dishwasher, Microwave, Electric Range, Refrigerator Laundry Features: See Remarks, In Unit
Flooring Information

Flooring: Luxury Vinyl Construction Materials: Vinyl Siding
Heating & Cooling

Heating: Forced Air, Natural Gas Cooling: Central Air, Electric WaterSource: Public

Building Information

Year Built: 1920
Exterior Features

Other Construction Materials: Vinyl Siding

Lot Information

Lot Description: Level Lot Square Feet: 11761.2 Lot Acres: 0.27

Property Information

Property Type: Residential Income Sub Type: 2-4 Units Style: Other Structure Type: Apartment Building

Listing Price Information

Original List Price:$499900

Tax Information

Tax Legal Description: DANIEL MCALLISTERS PT W1/2 LG LOT 15 (AKA PT LOT 2) Parcel Number: 19-3.0-06.0-4-015-026.01

Parking Information

Additional Parking, Alley Access, Assigned, Gravel, Off Street, On Site, On Street, Private, Secured

School Information

Elementary School: Festus Elem. Junior High School: Festus Middle Senior High School: Festus Sr. High
Utility Information

Water Source: Public
Location Information

Subdivision: None City: Festus Direction: GPS Friendly :-)

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ByOwner last updated this listing 08/26/2026 @ 18:20

MLS: MARIS2 #26054507 LISTED BY: Christoph Dewald, EXP Realty, LLC 866-224-1761 SOURCE: MARIS MLS (Listings courtesy of MARIS MLS as distributed by MLS GRID)

134 Gray Street

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