For Sale: Saint Paul MLS# 6807611
Active
$530,000
Multi-family: 2 Stories
6 br • 2 ba • Built 1926
2,550 sqft • 0.13 acres
MLS# 6807611
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Property Description
Discover cash flow potential with this meticulously maintained 6-bed, 2-bath up/down duplex in high-demand Hamline-Midway. This property delivers the rare combination investors seek: proven rental income, major systems already upgraded, and expansion possibilities.
Recent Capital Improvements (See Schedule in MLS): New boilers ensuring reliable heating, updated water heaters, new roof protecting your investment, energy-efficient windows throughout, and enhanced insulation reducing utility costs. These strategic upgrades translate to reduced capital expenditure risk and stronger NOI.
Investment Highlights: Strong rental demand near Hamline University, Allianz Field, and Green Line light rail. Separate utilities simplify expense allocation. Spacious basement presents potential third-unit conversion opportunity (buyer to verify requirements with City of St. Paul). Owner-occupancy financing available making for a great House-Hack opportunity.
Location Advantages: 0.3 mi to Metro Green Line, walking distance to local amenities and dining, easy I-94 access, established neighborhood with low vacancy rate.
Whether envision living in one unit while rental income offsets a mortgage, or value-add to maximize returns, the foundation for success is with this one.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$530,000
Price per sq ft:
$208
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1926
State:
MN
Property Style:
2 Stories
Zip Code:
55104
Neighborhood/Area:
93
Subdivision Name:
Gillettes Add To, Woodlaw
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,550 ft2
Living Area:
2,550 ft2
Refrigerators:
Two
Basement Details:
- Full
- Shared Access
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Size:
360 ft2
Foundation Size:
1,275 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Road Frontage:
- City Street
- Sidewalks
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.13
Geolocation:
44.962226, -93.174467
Lot Dimensions:
46 x 124
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,733
Annual Maintenance Expense:
None
Annual Trash Expense:
$900
Annual Water/Sewer Expense:
$1,250
Tenant Expenses:
Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,822
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,822
Income
Annual Gross Income:
$38,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
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 eXp 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.