For Sale: Saint Paul MLS# 7082738
Active
NEW!
$519,900
Multi-family: Triplex
6 br • 3 ba • Built 1892
2,648 sqft • 0.161 acres
St. Paul schools
MLS# 7082738
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Property Description
Investment Opportunity in St. Paul's Summit-University Neighborhood!
Well-maintained triplex situated on a spacious double lot with potential for future development, including the possibility of adding a second building (buyer to verify with local zoning requirements). This income-producing property is ideal for investors seeking strong rental demand or owner-occupants looking to offset housing costs with rental income.
Unit Features:
Unit 1: 3-bedroom, 1-bath main-level unit with walkout access to a deck and a large, privacy-fenced backyard.
Unit 2: 2-bedroom, 1-bath unit with a full kitchen.
Unit 3: 1-bedroom, 1-bath unit equipped with a refrigerator and range/oven.
Additional highlights include:
Separate utilities for all units
Basement storage and laundry area
Individual washer and dryer for each unit
Five off-street parking spaces on an asphalt lot
New roof installed in 2022
Conveniently located near restaurants, shopping, public transportation, and other neighborhood amenities. With strong rental appeal and easy leasing history, this property presents an excellent opportunity to build wealth through real estate.
Whether you're an investor looking for cash flow or an owner-occupant seeking rental income, this versatile property deserves a look!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$519,900
Price per sq ft:
$196
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1892
State:
MN
Property Style:
Triplex
Zip Code:
55104
Neighborhood/Area:
101
Subdivision Name:
Berryhill & Davisons, Rearra
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,648 ft2
Living Area:
2,648 ft2
Refrigerators:
Three
Basement Details:
- Shared Access
- Storage Space
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
966 ft2
Fencing:
Privacy
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Parking Lot
- Shared Driveway
Shared Amenities:
Laundry
Road Frontage:
- City Street
- County Road
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
Common Area
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.161
Geolocation:
44.948088, -93.136104
Lot Dimensions:
110 x 62
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$4,400
Annual Insurance Expense:
$3,258
Annual Maintenance Expense:
None
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
$970
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,588
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,588
Income
Annual Gross Income:
$54,480
Rent
Annual Net Income:
$45,252
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
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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 Complete Management Services.
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.