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855 M And O Station Road
Millstadt IL 62260 US

$520,000

Active Under Contract Listing ID 26006463
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Lot: 0.28 Acres
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Other

$520,000

Active Under Contract Listing ID 26006463
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855 M And O Station Road Investor Opportunity – 6-Unit Apartment Building | 10% Cap Rate Turnkey multifamily investment offering a 10% cap rate in Millstadt, IL, just 15 minutes from St. Louis County. This 6-unit apartment building is 90% occupied (5 of 6 units leased), providing strong in-place income with upside through lease-up of the remaining unit. Each unit offers 2 spacious bedrooms, 1 full bath, living room, and kitchen with appliances, plus a laundry closet with washer/dryer hookups. The property includes a rear asphalt parking lot for tenant convenience. Financials available to serious Pre-Approved Buyers Only! Recent major capital improvements minimize near-term expenses, including a new roof and 6" gutters installed in 2025 and all windows replaced. Located in a quiet country setting while remaining close to employment centers, retail, and services in the St. Louis metro area, supporting stable tenant demand. An ideal acquisition for investors seeking strong cash flow, solid fundamentals, and minimal deferred maintenance.

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Floor Covering: Carpet, Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Natural Gas

School Information

  • School
  • BELLEVILLE DIST 118(Elementary)
  • BELLEVILLE DIST 118(MiddleSchool)
  • Belleville High School-West(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 520000
  • unparsedaddress: 855 M And O Station Road
  • postalcity: Millstadt
  • stateorprovince: IL
  • country: US
  • postalcode: 62260
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingarea: 3600
  • livingareaunits: Square Feet
  • latitude: 38.456821
  • longitude: -90.103554
  • listagentfullname: Doug Payne
  • listagentemail: dougpayne21@yahoo.com
  • listagentkey: 3yd-MARISMO-PAYND
  • listagentmlsid: PAYND
  • listagentpreferredphone: 6187928088
  • listagentofficephone: 6187928088
  • listofficekey: 3yd-MARISMO-B1003
  • listagentstatelicense: 471005505
  • listofficemlsid: B1003
  • disclaimer: Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MARISMO
  • yearbuilt: 1985
  • listagenturl: http://www.SouthernIllinoisRealty.com
  • countyorparish: St. Clair
  • parcelnumber: 12-09.0-305-002
  • elementaryschool: BELLEVILLE DIST 118
  • highschool: Belleville High School-West
  • elementaryschooldistrict: Belleville DIST 118
  • middleorjuniorschooldistrict: Belleville DIST 118
  • highschooldistrict: Belleville DIST 118
  • appliances: Range, Refrigerator
  • cooling: Ceiling Fan(s), Central Air
  • constructionmaterials: Vinyl Siding
  • flooring: Carpet, Vinyl
  • heating: Natural Gas
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 6
  • roof: Shingle
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -90.10355, 38.45682
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Southern Illinois Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"dougpayne21@yahoo.com", "ListBrokerageCity":"Smithton", "ListBrokerageCountry":"US", "ListBrokerageEmail":"dougpayne21@yahoo.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Southern Illinois Realty, LLC", "ListBrokeragePhone":"(618) 233-1101", "ListBrokeragePostalCode":"62285", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Ste. 105", "ListBrokerageUnparsedAddress":"4001 State Rt. 159", "ListBrokerageWebsiteUrl":"http://www.SouthernIllinoisRealty.com", "ListOfficeAddress1":"5420 West Fork Club Road", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PAYND", "ListOfficeCity":"Smithton", "ListOfficeCountry":"US", "ListOfficeEmail":"dougpayne21@yahoo.com", "ListOfficePostalCode":"62285", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Apartment Style - Millstadt, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/855-M-and-O-Station-Rd_Millstadt_IL_62260_M86608-04913?f=listhub&s=MARISMO&m=26006463&c=rexren", "MLSModificationTimestamp":"2026-02-10T18:15:38Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8310, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/11/2026 2:34:49 AM GMT
Source Updated Date: 2/15/2026 1:41:09 PM GMT

Courtesy of: Doug Payne, Southern Illinois Realty, LLC, dougpayne21@yahoo.com

Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.