For Sale: Saint Paul MLS# 7100708
Active
$499,000
Multi-family: Triplex
5 br • 4 ba • Built 1916
3,163 sqft • 0.222 acres
St. Paul schools
MLS# 7100708
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Property Description
Exceptional income-producing opportunity with incredible upside! This vacant triplex gives investors the rare advantage of setting market rents from day one, or offers the flexibility to owner-occupy while generating rental income from the other units. Situated on a spacious double lot with sweeping views overlooking downtown Saint Paul, this property includes an additional non-conforming lower-level living space with a functioning bathroom. This space is not recognized as a legal 4th unit. Buyers should verify zoning and any requirements for legal conversion. Plumbing hookups intact. Fourth bathroom in basement, not in unit 1.
Whether you’re seeking immediate cash flow, the opportunity to owner-occupy while offsetting your mortgage with rental income, or a long-term investment with upside potential, this property offers exceptional value in a prime location.
New copper boiler lines, steam heat recently serviced, and all radiators flushed, new water heater, landscaping updated, fresh paint interior/exterior, new exterior doors, new carpeting in halls, refinished hardwood floors in front of house & stairway, new dryer, washer 2024, new copper water line to street. 2 car detached garage. A+ storage.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,000
Price per sq ft:
$158
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1916
State:
MN
Property Style:
Triplex
Zip Code:
55130
Neighborhood/Area:
98
Subdivision Name:
Fairview Add
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
3,163 ft2
Living Area:
3,163 ft2
Refrigerators:
Three
Basement Details:
- Full
- Partially Finished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
22x20
Garage Size:
440 ft2
Foundation Size:
1,194 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Steam
Parking Features:
- Asphalt
- Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.222
Geolocation:
44.973465, -93.078261
Lot Dimensions:
80 x 121
Lot Description:
Tree Coverage - Medium
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$2,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,600
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,178
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,178
Income
Annual Gross Income:
$57,600
Units
Total Units:
3
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 Property Executives 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.