Back to Search Results

134 Gray Street, Festus, MO, 63028

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!

Subdivision: None

List Price

$ 499,900

Status

Coming Soon

Days on market

0

MLS#

26054507

Bedrooms

0

Full baths

0

Subdivision

None

Municipality

Festus

School District

Festus R-VI

County

Jefferson

Property Type

Residential Income

Style

Other

Type

Residential Income

Additional Information

Recent Nearby Sales in 63028

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

Mortgage Estimator

Estimate your monthly payment. Adjust the sliders below.

Estimated Monthly Payment
$0
Principal & Interest: $0 · Tax: $0 · Ins: $0
Loan Amount: $0
Total Interest: $0
Total of Payments: $0
A MORE, REALTORS® agent will connect you with a trusted local lender.

Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.