For Sale: Saint Paul MLS# 7035480
Active
NEW!
$299,999
Multi-family: More Than 2 Stories
5 br • 3 ba • Built 1888
2,555 sqft • 0.114 acres
MLS# 7035480
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Property Description
Great opportunity to own a well-maintained triplex with value-add potential. The property features three units plus an unfinished basement offering future expansion or additional storage opportunities. Units 1 and 3 are currently leased through 02/28/2027, providing stable income, while Unit 2 is vacant, creating an ideal opportunity for owner-occupancy or immediate rental upside.
Unit 1 (main floor) is a 2-bedroom, 1-bath unit featuring LVP flooring, a full bathroom, and a spacious living room.
Unit 2 is currently vacant and ready to rent or occupy, with some cosmetic improvements offering additional value-add potential.
Unit 3 is an attic-style 1-bedroom, 1-bath unit with a full bathroom, newly installed bathroom flooring, a large living room, and additional storage space.
The building is forced-air heated with additional baseboard heaters and includes a front porch, partially fenced yard, and a gravel parking area with four off-street spaces accessible from the alley.
Tenants pay electricity, cooking gas, and a $45/month trash fee, while the owner currently covers water, sewer, lawn care, and snow removal.
Excellent opportunity for an investor seeking stable income or an owner-occupant looking to offset housing costs with rental income. This property is currently managed by Housing Hub LLC.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,999
Price per sq ft:
$117
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1888
State:
MN
Property Style:
More Than 2 Stories
Zip Code:
55106
Neighborhood/Area:
98
Subdivision Name:
J R Weides Sub Of B27 Arlingt
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,555 ft2
Living Area:
2,555 ft2
Refrigerators:
Three
Basement Details:
Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,845 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
Gravel
Shared Amenities:
Porch
Road Frontage:
City Street
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
None
Lot & Land
Acres:
0.114
Geolocation:
44.969103, -93.07245
Lot Dimensions:
39 x 125
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$186
Annual Fuel Expense:
$2,952
Annual Insurance Expense:
$3,504
Annual Maintenance Expense:
$2,952
Annual Trash Expense:
$1,659
Annual Water/Sewer Expense:
$1,233
Tenant Expenses:
Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,161
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,592
Income
Annual Gross Income:
$35,964
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 Housing Hub LLC.
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.