For Sale: Saint Paul MLS# 7018248
Active
$525,000
Commercial: 2 Stories
7 br • 8 ba • Built 1897
0.225 acres
St. Paul schools
MLS# 7018248
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Property Description
940 3rd St E is a 7-unit multifamily property located in St. Paul, MN; currently fully occupied. The unit mix includes 2-bedroom, 1-bedroom, and studio units. The building is enrolled in the St. Paul 4d Affordable Housing Incentive Program, which can reduce property taxes by up to 80%. Recent improvements include a new hot water heater (2025), complete basement workshop area cleanout, drywall repairs in stairwells, and unit updates throughout.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$525,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1897
State:
MN
Property Style:
2 Stories
Zip Code:
55106
Neighborhood/Area:
90
Subdivision Name:
Joseph Arths Sub Of B85 Lyman
Interior
Bedrooms:
7
Bathrooms:
8
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Wall Unit(s), Window Unit(s)
Foundation Size:
2,142 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Gravel
Lot & Land
Acres:
0.225
Geolocation:
44.956487, -93.060629
Inclusions:
Building, Land
Lot Dimensions:
120' x 80'
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Electric Expense:
$1,130
Annual Fuel Expense:
$5,165
Annual Trash Expense:
$1,970
Annual Water/Sewer Expense:
$3,369
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,235
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,234
Income
Annual Gross Income:
$80,808
Units
Total Units:
7
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
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.
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.