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For Sale:  Saint Paul MLS# 7086068

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Active NEW!
$995,000
/mo Edit
Multi-family:  Fourplex
8 br • 7 ba • Built 1889
4,748 sqft • 0.191 acres
St. Paul schools
MLS# 7086068
763-576-8286
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    Property Description

    Rare opportunity to own a 4-unit investment property in one of Saint Paul's most sought-after neighborhoods. Located in Cathedral Hill, steps from Grand Avenue's premier dining and shopping and Summit Avenue's historic boulevard, this well-maintained building offers a great opportunity. Each unit is individually metered with tenants paying their own gas and electric, keeping operating costs lean. All four units an assigned garage stall. Recent capital improvements include updated kitchens and baths, new HVAC and AC units per unit, new decks installed in 2023, and a replaced roof. Occupied with long-term tenants and a strong rental history. The property's condominium structure also creates potential future upside for individual unit sales. Investors will find it difficult to replicate this combination of location, condition, and cash flow at this price point in the Saint Paul market.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $995,000
    Price per sq ft: $210
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 4
    County: Ramsey
    Year Built: 1889
    State: MN
    Property Style: Fourplex
    Zip Code: 55102
    Neighborhood/Area: 101
    Subdivision Name: Cic 401 Kent House Condo

    Interior

    Bedrooms: 8
    Bathrooms: 7
    Finished Area: 4,748 ft2
    Living Area: 4,748 ft2
    Basement Details: Other

    Exterior

    Stories: Two
    Garage Spaces: 4
    Garage Size: 197 ft2
    Foundation Size: 4,748 ft2
    Handicap Accessible: None
    Heating System: Forced Air

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.191
    Geolocation: 44.947135, -93.124011
    Lot Dimensions: 71 x 118
    Addl Parcels: 012823220285, 012823220286, 012823220287

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: $960
    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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,946
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,946

    Income

    Annual Gross Income: $89,712

    Rent

    Annual Net Income: $63,238

    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 Compass.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.