Excellent opportunity for a house hacker or investor to acquire a turnkey triplex in the highly desirable Fenton, Missouri area. Located at 2449 South Old Highway 141, this property offers exceptional convenience with quick access to Highway 141 and Highway 21 (Tesson Ferry), placing you near major highways, shopping, dining, and everyday amenities while still maintaining a quiet, private, rural feel. Multifamily opportunities in this area are extremely limited, making this a rare find.
Situated on a spacious 0.81-acre lot, the property features three updated units, including a 3 bed/1 bath currently rented for $1,500 per month, a large 2 bed/1 bath unit that is vacant with pro forma rents of approximately $1,200 per month, and another 2 bed/1 bath unit currently rented for $900 per month. Whether you’re looking to owner-occupy or expand your portfolio, this property offers immediate income with additional upside.
Located in unincorporated Jefferson County, the property benefits from lower taxes, no occupancy permits, and fewer regulations compared to surrounding areas. There is minimal deferred maintenance, along with major utility advantages including very cheap sewer bill (approximately $31 a month) and water is a low-cost well pump (approximately $21 per month in electricity) and lift system maintenance. With ample parking and strong cash flow potential from day one, this is a unique opportunity to live for less than rent or acquire a high-performing asset in a growing, supply-constrained market.
