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 with 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!
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
Other
$ 499,900
Coming Soon
0
26054507
0
0
None
Festus
Festus R-VI
Jefferson
Residential Income
Other
Residential Income
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 629 Locust Street, Festus, MO 63028 | 4/3 | 1,212 | $275,000 | $285,000 103.6% of ask |
Aug 21, 2026 |
| 800 Sanctuary Farms Ridge Road, Unincorporated, MO 63028 | 0/0 | -- | $140,000 | $120,000 85.7% of ask |
Aug 20, 2026 |
| 827 Woodrow Avenue, Festus, MO 63028 | 3/2 | 1,226 | $219,000 | $225,100 102.8% of ask |
Aug 20, 2026 |
| 701 Vine Street, Festus, MO 63028 | 3/2 | 1,250 | $274,500 | $274,500 100% of ask |
Aug 19, 2026 |
| 3183 Watson Road, Festus, MO 63028 | 4/2 | 1,296 | $320,000 | $320,000 100% of ask |
Aug 17, 2026 |
| 10219 Huntington Ridge, Unincorporated, MO 63028 | 3/4 | 2,486 | $575,000 | $585,000 101.7% of ask |
Aug 17, 2026 |
Estimate your monthly payment. Adjust the sliders below.
Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.