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For Sale:  Saint Paul MLS# 7074753

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Active NEW!
$1,247,350
/mo Edit
Commercial:  2 Stories
18 br • 12 ba • Built 1888
0.223 acres
St. Paul schools
MLS# 7074753
763-576-8286
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    Property Description

    Rare opportunity to acquire one of the largest multifamily properties in the portfolio consisting of two joined and nearly identical brick buildings totaling 8 residential units. Unit mix includes four 1-bedroom units, two 3-bedroom units, and two exceptionally large 4-bedroom multi-level units, creating strong tenant demand across multiple renter profiles. Situated on a corner lot in a highly accessible St Paul location, the property features off-street parking, detached garage space for parking or storage, and spacious unit layouts uncommon for traditional multifamily properties. Strong brick exterior construction, stable rental history, and proximity to public transportation, shopping, restaurants, and major transportation corridors support long-term investment stability. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,247,350
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 2
    County: Ramsey
    Year Built: 1888
    State: MN
    Property Style: 2 Stories
    Zip Code: 55104
    Neighborhood/Area: 101
    Subdivision Name: Holcombes Add To, Saint P

    Interior

    Bedrooms: 18
    Bathrooms: 12
    Ceiling Height: 8-10
    Flooring: Carpet, Tile, Vinyl, Wood
    Refrigerators: One Per Unit
    Appliances Included:
    • Gas Water Heater
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Full
    • Owner Access
    • Partially Finished
    • Shared Access
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 16 x 16
    Garage Size: 256 ft2
    Air Conditioning: None
    Foundation Size: 4,835 ft2
    Foundation Dimensions: 79 x 65
    Fencing: None
    Handicap Accessible: Doors 36"+, Hallways 42"+
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiator
    Parking Features:
    • Detached Garage
    • Gravel
    • Unassigned
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    Exterior Material:
    • Block
    • Brick
    • Concrete
    • Frame
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.223
    Geolocation: 44.948274, -93.131118
    Inclusions: Building, Fixture/Equipment, Leases, Rental License
    Lot Dimensions: 80 x 120
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Tenant Expenses: Electricity, Gas, See Remarks

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $18,719
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $21,158

    Income

    Annual Gross Income: $149,820

    Units

    Total Units: 8

    Miscellaneous

    Current Use: Residential
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    • Hot Water Common
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    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 Gold Group Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.