For Sale: Saint Paul MLS# 7115880
Active
$420,000
Multi-family: Other
6 br • 3 ba • Built 1906
3,301 sqft • 0.115 acres
St. Paul schools
MLS# 7115880
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Property Description
TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a "single family home". All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID. In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come. For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep. Fully rented now, and with tenants paying utilities, what sets this property apart is its built-in versatility and turnkey readiness. The combination of a duplex and single-family residence on one parcel creates diversified income streams, enhanced privacy for residents, and potential for various living arrangements—such as multi-generational housing or house-hacking. Whether you’re an investor looking for a proven, low-maintenance cash-flow asset with strong rental demand or a buyer wanting income to offset a mortgage, 738 Magnolia/1073 Walsh stands out as a thoughtfully updated, resilient property with a track record of success.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$420,000
Price per sq ft:
$127
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1906
State:
MN
Property Style:
Other
Zip Code:
55106
Neighborhood/Area:
98
Subdivision Name:
Arlington Hills Add B40&45-49
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
3,301 ft2
Living Area:
3,301 ft2
Refrigerators:
Three
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,674 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Shared Amenities:
- Coin-op Laundry Owned
- Patio
- Porch
Road Frontage:
City Street
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.115
Geolocation:
44.973617, -93.069565
Lot Dimensions:
40 x 125
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:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$11,000
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,000
Income
Annual Gross Income:
$51,720
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 RE/MAX Results.
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.