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134 Gray Street, Festus, MO, 63028

OPEN HOUSE CANCELLED! 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

Pending

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
108 Angel Falls Drive, Festus, MO 63028 4/2 2,064 $549,900 $538,000
97.8% of ask
Sep 4, 2026
2040 Us Highway 61, Festus, MO 63028 3/2 2,340 $250,000 $250,000
100% of ask
Sep 4, 2026
410 Deer Crossing Drive, Festus, MO 63028 4/3 2,994 $590,000 $565,000
95.8% of ask
Sep 3, 2026
1101 Cliff Drive, Festus, MO 63028 5/2 1,660 $250,000 $258,000
103.2% of ask
Sep 2, 2026
2330 Garden Lane, Festus, MO 63028 3/3 1,193 $295,000 $290,000
98.3% of ask
Sep 1, 2026
7515 North Drive, Festus, MO 63028 0/0 -- $185,000 $196,000
105.9% of ask
Aug 31, 2026

Price & Listing History

Listed for sale
Aug 26, 2026 at $499,900
Current status: Pending
As of Aug 30, 2026 · $499,900

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