For Sale: Saint Paul MLS# 7141490
Active
NEW!
$250,000
Multi-family: Triplex
8 br • 3 ba • Built 1911
3,098 sqft • 0.11 acres
St. Paul schools
MLS# 7141490
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Property Description
Unique triplex investment opportunity! Why rent when you can own and have tenants help pay your mortgage? This versatile property features three electrical meters, two gas meters, and separate electrical panels, offering excellent potential for income generation.
The main-floor kitchen was updated approximately 10 years ago, and the upper-level unit includes a kitchenette. With the addition of a full kitchen on the second floor, the upper level could function as a fully independent rental unit, creating even greater income potential.
Tenants currently pay all utilities, including water, helping to maximize cash flow. The property also features beautiful original hardwood floors, classic leaded-glass windows, and a roof that was replaced approximately 15 years ago.
Whether you're an owner-occupant looking to offset your housing costs or an investor seeking strong rental income, this property offers tremendous opportunity. It may also be well-suited for shared housing, room rentals, or other creative investment strategies. Excellent cash-flow potential!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$250,000
Price per sq ft:
$81
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1911
State:
MN
Property Style:
Triplex
Zip Code:
55104
Neighborhood/Area:
93
Interior
Bedrooms:
8
Bathrooms:
3
Finished Area:
3,098 ft2
Living Area:
3,098 ft2
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
528 ft2
Foundation Size:
1,144 ft2
Fencing:
Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
Exterior Material:
Stone
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
- Gas Dryer Hookup
- In Basement
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.956843, -93.163478
Lot Dimensions:
40 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas, Heat, Lawn Care, Other, Snow Removal, Trash Collection
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,062
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,062
Income
Annual Gross Income:
$66,000
Rent
Annual Net Income:
$53,000
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 RE/MAX Results.
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.