For Sale: Saint Paul MLS# 7127470
Active
NEW!
$679,900
Commercial: Other
7 br • 7 ba • Built 1959
0.25 acres
St. Paul schools
MLS# 7127470
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Property Description
Seven-unit apartment building in Saint Paul's Payne-Phalen neighborhood, built 1959, approximately 4, 800 SF on an RM2 lot. All units are 1BR/1BA. Two units have been renovated by current ownership. Rear off-street parking pad installed, shared coin laundry, basement storage and an exterior shed. Seller has installed a new 200 amp electrical panel as of April 2025 in the laundry room for the entire building and all work was permitted. Very clean building with room to increase rents to market. Unit #1 has been approved for section-8 housing and the rest could also get approved if next owner wanted to.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$679,900
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1959
State:
MN
Property Style:
Other
Zip Code:
55101
Neighborhood/Area:
98
Interior
Bedrooms:
7
Bathrooms:
7
Refrigerators:
One Per Unit
Appliances Included:
- Exhaust Fan
- Range
- Refrigerator
Basement Details:
- Daylight/Lookout Windows
- Finished
Exterior
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
4,800 ft2
Fencing:
Chain Link, Partial, Wood
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Concrete
- Shared Driveway
- Unassigned
Shared Amenities:
Coin-op Laundry Leased
Unit Amenities:
- Kitchen Window
- Natural Woodwork
Road Frontage:
- City Street
- Curbs
- Sidewalks
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.25
Geolocation:
44.98079, -93.074551
Inclusions:
Building, Leases
Lot Dimensions:
0
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
625
District Phone:
6517678100
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$11,758
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$11,758
Income
Annual Gross Income:
$73,224
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
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.
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Listing provided by RMLS,
courtesy of RE/MAX Results.
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.