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For Sale:  Saint Paul MLS# 7067414

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Active
$395,000
/mo Edit
Commercial:  Other
Built 1885
0.11 acres
St. Paul schools
MLS# 7067414
763-576-8286
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    Property Description

    These properties are investor-only and cannot be owner-occupied. **Phase 5 includes: 242/244 Maria Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $395,000
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1885
    State: MN
    Property Style: Other
    Zip Code: 55106
    Neighborhood/Area: 90
    Subdivision Name: Lyman Dayton Add

    Interior

    Refrigerators: Four, One Per Unit
    Appliances Included:
    • Range
    • Refrigerator

    Exterior

    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 1,468 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Unit Amenities: Kitchen Window
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Storm Sewer
    • Street Lights

    Lot & Land

    Acres: 0.11
    Geolocation: 44.953378, -93.06827
    Inclusions: Business, Land, Rental License
    Lot Dimensions: IRREGULAR
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 625
    District Phone: 6517678100

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,579
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,579

    Income

    Annual Gross Income: $29,506

    Rent

    Annual Net Income: $14,376

    Units

    Total Units: 2

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • 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 Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.