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For Sale:  Saint Paul MLS# 7166490

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Active NEW!
$520,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1978
3,248 sqft • 0.197 acres
St. Paul schools
MLS# 7166490
763-576-8286
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    Property Description

    Solid four-unit investment property built in 1978, offering an excellent opportunity for both investors and owner-occupants. Each unit features two bedrooms and one bathroom, with numerous updates over the past few years. Three units are currently rented, while the fourth is vacant and ready for an owner-occupant or new tenant. Low expenses, no natural gas to building. The building is all-electric, with tenants responsible for their own utilities. Each unit has its own electric forced-air furnace, electric water heater, and wall-unit air conditioning. The roof and windows are approximately 10 years old. Large, private paved parking lot in the rear. Conveniently located just steps from beautiful Lake Phalen, with the Bruce Vento Regional Trail directly behind the property. A great opportunity to own a well-positioned, easy-to-rent fourplex in a desirable St. Paul location!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $520,000
    Price per sq ft: $160
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1978
    State: MN
    Property Style: Fourplex
    Zip Code: 55106
    Neighborhood/Area: 98
    Subdivision Name: Pioneer Real Est&Bldg Society

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,248 ft2
    Living Area: 3,248 ft2
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,624 ft2
    Handicap Accessible: None
    Heating System:
    • Forced Air
    • Zoned
    Parking Features:
    • Parking Lot
    • Paved Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.197
    Geolocation: 44.989436, -93.045387
    Lot Dimensions: 100X88X100X83
    Zoning: Residential-Multi-Family

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $225
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,565
    Annual Maintenance Expense: None
    Annual Trash Expense: $1,812
    Annual Water/Sewer Expense: $2,048
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $10,001
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,866

    Income

    Annual Gross Income: $56,820

    Rent

    Annual Net Income: $45,270

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    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 Morgan And Trust Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.