For Sale: Saint Paul MLS# 6705175
Active
NEW!
$394,600
Multi-family: Four Plex
Built 1884
2,600 sqft • 0.12 acres
St. Paul schools
MLS# 6705175
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Property Description
A solid investment opportunity in a high demand rental area. This building is section 8 approved and enrolled in the city of St Paul's 4-D affordable housing program, offering property tax reductions and long term affordability incentives. Three out of four units are currently rented. The building sits on a deep lot with a shared backyard that includes a patio, grassy area, and garden space. Walkable to local favorites like Yarusso Bros, Minnesota Music Cafe, and the Bruce Vento Trail. Strong cash flow opportunity with rents below market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$394,600
Price per sq ft:
$152
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1884
State:
MN
Property Style:
Four Plex
Zip Code:
55130
Neighborhood/Area:
Payne-Phalen
Subdivision Name:
Phillips Add
Interior
Finished Area:
2,600 ft2
Living Area:
2,600 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Shared Access
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
720 ft2
Foundation Size:
1,300 ft2
Fencing:
Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached
- Multiple Garages
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Road Frontage:
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
44.961419, -93.076597
Lot Dimensions:
35 x 146
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Some Trees
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
$2,537
Annual Electric Expense:
$2,537
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,651
Annual Maintenance Expense:
$2,800
Annual Gross Expense:
$7,292
Annual Trash Expense:
$1,900
Annual Water/Sewer Expense:
$1,204
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,466
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,466
Income
Annual Gross Income:
$43,800
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Lakes Sotheby's International Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.