For Sale: Saint Paul MLS# 6721712
Active
NEW!
$539,000
Multi-family: Four Plex
Built 1893
3,600 sqft • 0.11 acres
St. Paul schools
MLS# 6721712
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Property Description
Turnkey 4-Unit Property with Cash Flow, Tax Savings & Modern Updates!
This well-maintained 4-unit multifamily property is a smart investment opportunity offering consistent income, valuable upgrades, and significant tax advantages. Enrolled in the 4d Affordable Housing Program, the property benefits from dramatically reduced property taxes—just $1, 385.56 annually, down from $5, 992.36.
With a current Net Operating Income (NOI) of $37, 486, a buyer putting 25% down at a 6.48% interest rate would have an estimated annual mortgage payment of $30, 597.84, resulting in approximately $7, 000 in annual cash flow—with upside potential through future rent increases or continued unit upgrades.
Each unit is separately metered, and tenants pay their own utilities, increasing operational efficiency. The current owner has added solid surface countertops and stainless steel appliances in some units, enhancing both durability and tenant appeal.
This is a low-maintenance, income-generating property with built-in efficiency and room for growth—perfect for both seasoned investors and owner occupants.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,000
Price per sq ft:
$150
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1893
State:
MN
Property Style:
Four Plex
Zip Code:
55107
Neighborhood/Area:
West Side
Subdivision Name:
Paul Martins 1st Addition, To
Interior
Finished Area:
3,600 ft2
Living Area:
3,600 ft2
Basement Details:
Single Tenant Access
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,800 ft2
Handicap Accessible:
None
Heating System:
Radiator(s)
Parking Features:
Gravel
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.11
Geolocation:
44.922383, -93.065072
Lot Dimensions:
125 x 40
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:
$13,869
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,386
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,248
Income
Annual Gross Income:
$51,356
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
Mortgage Calculator
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Listing provided by RMLS,
courtesy of M2 Real Estate Group Inc..
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.