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For Sale:  Saint Paul MLS# 6791868

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Active NEW!
$424,900
/mo Edit
Multi-family:  Four Plex
Built 1958
2,256 sqft • 0.1 acres
St. Paul schools
MLS# 6791868
763-576-8286
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    Property Description

    This well-maintained 4-plex is just minutes from downtown Saint Paul and only a two-minute walk to the bus stop, offering unbeatable convenience for tenants and strong rental appeal. Recent updates include a freshly painted exterior and a new roof. Each unit features a spacious layout and its own private exterior entrance, enhancing both comfort and privacy for tenants. The property also includes an owner-owned coin-operated laundry machine, providing added income potential. Investors will appreciate the solid cash flow, while savvy owner-occupants have the opportunity to live in one unit and significantly offset - if not fully cover their mortgage with income from the other three units. The property is truly *Rent-ready today*, but also offers the flexibility to add simple updates and unlock even more value.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $424,900
    Price per sq ft: $188
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1958
    State: MN
    Property Style: Four Plex
    Zip Code: 55106
    Neighborhood/Area: Greater East Side
    Subdivision Name: Lorena Park 2

    Interior

    Finished Area: 2,256 ft2
    Living Area: 2,256 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Finished
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,128 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Gravel
    • Open
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Stucco
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.1
    Geolocation: 44.966466, -93.042693
    Lot Dimensions: 114 x 40
    Zoning: Residential-Multi-Family
    Lot Description:
    • Irregular Lot
    • Public Transit (w/in 6 blks)

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $400
    Annual Fuel Expense: $1,000
    Annual Insurance Expense: $3,000
    Annual Maintenance Expense: $1,000
    Annual Gross Expense: $8,900
    Annual Trash Expense: $1,000
    Annual Water/Sewer Expense: $1,000
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,414
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,414

    Income

    Annual Gross Income: $40,800
    Misc. Annual Income: $1,000
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water - In Street

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of ERA Prospera Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.