For Sale: Saint Paul MLS# 6808041
Active
$1,000,000
Commercial: 2 Stories
Built 1898
0.12 acres
St. Paul schools
MLS# 6808041
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Property Description
Located in the heart of Saint Paul’s rapidly evolving East Side, 365 Earl Street offers investors a rare mixed-use opportunity in an area poised for significant growth. This property includes 9 total units, 4 commercial and 5 residential, providing both strong income diversity and the security of multiple revenue streams. The commercial spaces are currently occupied by a long-standing convenience store, a tattoo shop, and an Alcoholics Anonymous center, all of which serve the surrounding neighborhood and bring consistent foot traffic to the building. The 5 residential units include three 2-bedroom apartments, one 3-bedroom apartment, and one studio, appealing to a wide range of tenants and offering steady residential demand.
This property sits directly along the new Gold Line rapid transit route, connecting the East Side to downtown Saint Paul and beyond. As the Gold Line begins service, the area surrounding Earl Street and Hudson Road is already experiencing early signs of revitalization, with new commercial investment, residential redevelopment, and infrastructure improvements signaling a long-term upward trajectory for property values. The City of Saint Paul and the Downtown Alliance have also announced plans to convert downtown office buildings into 20, 000–30, 000 new residential units, a shift that will dramatically increase the demand for convenient, transit-connected neighborhoods like this one.
For investors, 365 Earl Street represents a solid income-producing asset today and a strategic position for future appreciation tomorrow. The mix of commercial and residential tenants offers balanced returns, while the property’s location along the Gold Line corridor places it squarely within one of the city’s most promising development zones. This building may be purchased individually or as part of a package deal with 1051 Hudson Road, located immediately next door, creating a combined offering ideal for a portfolio-minded buyer seeking scale, stability, and long-term upside.
Buyer agent to verify all measurements.
Pre-approved and vetted buyers only!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,000,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1898
State:
MN
Property Style:
2 Stories
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Scottens Sub Of B71 Lyman Day
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
5,418 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
On-Street Parking Only
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.12
Geolocation:
44.952502, -93.055936
Inclusions:
Building, Fixture/Equipment, Leases, Rental License
Lot Dimensions:
42 x 129
Zoning:
Business/Commercial
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Fuel Expense:
$10,656
Annual Insurance Expense:
$9,000
Annual Gross Expense:
$74,543
Annual Water/Sewer Expense:
$6,287
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$16,704
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$16,704
Income
Annual Gross Income:
$136,200
Rent
Annual Net Income:
$61,657
Units
Total Units:
9
Miscellaneous
Current Use:
- Commercial
- Office
- Other
- Professional Service
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Keller Williams Premier 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.