For Sale: Saint Paul MLS# 6642470
Active Contingent
$1,097,000
Commercial: Other
15 br • 8 ba • Built 1890
0.164 acres
MLS# 6642470
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Property Description
Come take a look at this fully-occupied 8-unit multifamily investment opportunity located in the Summit-University neighborhood.
Tenants love the layout of these units & commonly use 3/8 units as 3 BR or 2BR+ den units (using the sun room leading to the porch as a 3rd bedroom)
Each unit has its own boiler and water heater. Tenants pay ALL their own Gas (cooking & heat) - so the owner has below average utility costs.
The units feature classic architectural character like high ceilings, original woodwork, built-in cabinetry, and large porches!
The longer-term tenants rent below market & have opportunities to increase with pet & off-street parking income.
Leases have a mix of MTM and expirations into late 2026, offering stability and flexibility for a buyer to immediately implement their own lease terms
Located centrally between downtown St Paul & Minneapolis for quick commutes, nearby grocery shopping, restaurants, and nightlife.
Reach out to the listing agents for more financial information and tours
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$1,097,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1890
State:
MN
Property Style:
Other
Zip Code:
55102
Neighborhood/Area:
101
Subdivision Name:
Woodland Park Addition, To St
Interior
Bedrooms:
15
Bathrooms:
8
Ceiling Height:
11-15
Flooring:
Tile, Vinyl, Wood
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
3,216 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- Deck
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.164
Geolocation:
44.943671, -93.124771
Inclusions:
Building, Land, Leases
Lot Dimensions:
50 x 143
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Electric Expense:
$1,500
Annual Fuel Expense:
None
Annual Insurance Expense:
$11,698
Annual Trash Expense:
$1,996
Annual Water/Sewer Expense:
$2,722
Tenant Expenses:
Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,812
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,768
Income
Annual Gross Income:
$143,100
Units
Total Units:
8
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 MRG Realty Partners, LLC.
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.