For Sale: North Saint Paul MLS# 7065827
Active
$599,900
Multi-family: Duplex Side by Side
7 br • 3 ba • Built 1887
3,600 sqft • 0.21 acres
North St Paul-Maplewood schools
MLS# 7065827
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Property Description
Exceptional investment opportunity in the heart of North St. Paul’s vibrant and increasingly sought-after “hipster” district. This well-maintained duplex at 2506 7th Ave E offers both strong cash flow and long-term upside, currently generating approximately $40, 000 in annual gross income with both units occupied.
Rich in character and local history, this unique property was originally built in 1888 and served as the city’s first city hall and fire department, offering a rare opportunity to own a true piece of North St. Paul’s heritage.
The standout feature is the 2506 unit, offering approximately 2, 400 finished square feet, including a fully finished third level dedicated to an expansive primary suite. This versatile space provides flexibility for a variety of uses—whether as a luxurious private retreat, home office, creative studio, or additional living area to suit tenant needs.
Both units offer comfortable living spaces with solid rental appeal, making this an ideal option for investors or owner-occupants looking to offset their mortgage with rental income.
Located within walking distance to local restaurants, coffee shops, grocery stores, and everyday conveniences, this property delivers a unique blend of character, history, and accessibility that continues to attract strong tenant demand.
With some additional cosmetic improvements to the exterior, this property presents a true “diamond in the rough”—an excellent opportunity for an owner-occupant or contractor to build immediate equity while capitalizing on the strong rental income already in place.
Whether you're looking to expand your portfolio or secure a property with both income and upside, this duplex offers a compelling combination of location, flexibility, and historic significance. Rental rates currently below market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,900
Price per sq ft:
$167
Property Type:
Multi-family
City:
North Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1887
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55109
Interior
Bedrooms:
7
Bathrooms:
3
Finished Area:
3,600 ft2
Living Area:
3,600 ft2
Refrigerators:
Two
Basement Details:
- Full
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
20x16
Garage Size:
320 ft2
Foundation Size:
1,200 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Garage Door Opener
- Shared Driveway
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.21
Geolocation:
45.0107731929, -92.9941507531
Lot Dimensions:
75 x 90
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
622
District Phone:
6517487410
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,865
Annual Fuel Expense:
$1,003
Annual Insurance Expense:
$4,400
Annual Maintenance Expense:
$1,800
Annual Trash Expense:
$334
Annual Water/Sewer Expense:
$852
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,942
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,942
Income
Annual Gross Income:
$39,600
Rent
Annual Net Income:
$24,528
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
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 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.