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For Sale:  Saint Paul MLS# 6712625

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Active
$550,000
/mo Edit
Multi-family:  Four Plex
Built 1884
3,440 sqft • 0.12 acres
St. Paul schools
MLS# 6712625
763-576-8286
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    Property Description

    Cash-Flowing 4-Plex in Prime St. Paul Location – Fully Updated and Steps from Metro State Welcome to 359 Maria Avenue—a rock-solid 4-plex offering 12 bedrooms, 4 bathrooms, and serious income potential in a rapidly growing St. Paul neighborhood. Whether you’re an investor or owner-occupant, this one delivers: strong cash flow, a location with major upside, and recent upgrades that make it truly turnkey. Each unit has been thoughtfully improved with all new windows, entry doors, flooring, and fresh paint throughout. The attic has been insulated with 18” of added insulation, improving energy efficiency. The property also features four brand-new refrigerators, plus a freshly repaired deck. Located just steps from Metropolitan State University and Yoerg Brewing Company, this 4-plex sits in a neighborhood benefiting from ongoing city investment. You'll enjoy quick access to downtown St. Paul, major freeways, grocery stores, and the nearby co-op. This property will easily exceed the 1% rule, making it a rare find in today’s market. Live in one unit or lease all four—either way, you’re securing a property with long-term growth, low maintenance, and reliable returns. Property is fully leased, unit 3 tenant is vacating end of May. Units 1-3 rent for $1, 550, Unit 4 rents for $1, 525. Don’t miss your chance to own in one of St. Paul’s most promising pockets.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $550,000
    Price per sq ft: $160
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1884
    State: MN
    Property Style: Four Plex
    Zip Code: 55106
    Neighborhood/Area: Dayton's Bluff
    Subdivision Name: Lyman Dayton Add

    Interior

    Finished Area: 3,440 ft2
    Living Area: 3,440 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Full
    • Stone/Rock
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,728 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features: None
    Shared Amenities:
    • Coin-op Laundry Leased
    • Deck
    Road Frontage: City Street
    Exterior Material:
    • Fiber Board
    • Fiber Cement

    Lot & Land

    Acres: 0.12
    Geolocation: 44.9563884386, -93.072371752
    Lot Dimensions: Irregular
    Zoning: Residential-Multi-Family
    Lot Description: Many Trees

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,676
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $14,816

    Income

    Annual Gross Income: None

    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

    Listing provided by RMLS, courtesy of Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.