For Sale: Saint Paul MLS# 7148007
Active
$549,500
Multi-family: Duplex Side by Side
8 br • 4 ba • Built 1909
3,392 sqft • 0.142 acres
St. Paul schools
MLS# 7148007
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Property Description
3.99% Assumable FHA Mortgage Available (Buyer Must Qualify) | Price Reduced $5, 000 | One Unit Vacant November 1st
Live in one unit and let the neighboring unit help pay your mortgage. With one unit becoming vacant on November 1st, this is a rare opportunity for a first-time homebuyer, owner-occupant, or house hacker to take advantage of an assumable 3.99% FHA mortgage while generating rental income from the adjacent unit.
Rare side-by-side duplex in St. Paul's Hamline-Midway neighborhood offering over 5, 100 finished square feet, 8 bedrooms, and 4 bathrooms. Each unit lives like a single-family home with spacious multi-level layouts, private entrances, generous living areas, and abundant storage throughout.
The soon-to-be-vacant unit was recently marketed at approximately $2, 600 per month and generated significant interest from prospective tenants, giving the next owner flexibility to either occupy the space or lease it at market rent.
Recent improvements include new appliances and other updates that support strong rental performance while preserving future value-add potential. Situated on a 6, 100-square-foot lot, the property offers off-street parking and private outdoor space for residents.
Conveniently located near Allianz Field, the Green Line light rail, major universities, shopping, restaurants, and both downtown Minneapolis and downtown St. Paul, the property provides easy access to some of the Twin Cities' most desirable amenities and employment centers.
Whether your goal is to reduce your living expenses through owner-occupied investing, begin building a real estate portfolio, or acquire a large income-producing asset with attractive financing, this property offers flexibility, scale, and immediate upside.
Opportunities to purchase a duplex of this size with a vacant unit, immediate house-hack potential, and an assumable 3.99% mortgage are increasingly rare in today's interest rate environment.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,500
Price per sq ft:
$162
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1909
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55104
Neighborhood/Area:
93
Subdivision Name:
Hopkins Second Add To, St
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,392 ft2
Living Area:
3,392 ft2
Basement Details:
- Block
- Daylight/Lookout Windows
- Owner Access
- Partial
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Size:
2,000 ft2
Foundation Size:
1,292 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Detached Garage
Shared Amenities:
None
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.142
Geolocation:
44.962225, -93.16827
Lot Dimensions:
150 x 60
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
$1,908
Annual Electric Expense:
$776
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,615
Annual Maintenance Expense:
$855
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,132
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,132
Income
Annual Gross Income:
$55,056
Misc. Annual Income:
$2,400
Misc. Monthly Income:
None
Rent
Annual Net Income:
$4,254
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- 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.