For Sale: Saint Paul MLS# 7069580
Active
NEW!
$5,525,000
Commercial: 2 Stories
Built 1887
0.111 acres
St. Paul schools
MLS# 7069580
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Property Description
991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$5,525,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
13
County:
Ramsey
Year Built:
1887
State:
MN
Property Style:
2 Stories
Zip Code:
55106
Neighborhood/Area:
90
Subdivision Name:
Hillcrest
Interior
Refrigerators:
One Per Unit, Six or More
Appliances Included:
- Range
- Refrigerator
Basement Details:
Other
Exterior
Stories:
Two
Garage Spaces:
13
Garage Size:
3,606 ft2
Foundation Size:
20,009 ft2
Fencing:
Chain Link, Full, Partial, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- On-Street Parking Only
- Open
- Other
- Parking Lot
- Shared Driveway
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Roof Details:
Asphalt
Lot & Land
Acres:
0.111
Geolocation:
44.9605973626, -93.0678692841
Inclusions:
Fixture/Equipment, Land, Rental License
Lot Dimensions:
IRREGULAR
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Irregular Lot
- Public Transit (w/in 6 blks)
Schools
School District:
625
District Phone:
6517678100
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$23,056
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$23,056
Income
Annual Gross Income:
$505,302
Rent
Annual Net Income:
$210,182
Units
Total Units:
35
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
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 Coldwell Banker 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.