UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision Terrys Add
MLS Listing ID 7036265
Bedrooms 9
Year Built 2004
Annual Tax Amount $10,100
Tax Year 2025
Contingent None
Lot Size 4,791 Sqft
Lot Dimensions 38 x 172 x 38 x 172
Property Description
5 rented units currently generating income — all units are leased with long-term, reliable tenants in place, providing stable monthly cash flow from day one.
Proven performer: The building is in excellent condition for its age, with identical or near-identical layouts (most units ~1,000 sq ft, 2 bed/1 bath), minimizing maintenance surprises and appealing to a wide tenant pool.
Significant value-add opportunity: Configure and add a sixth unit to boost rental income and overall NOI substantially — ideal for an investor looking to increase returns through light renovations or reconfiguration (buyer to verify feasibility with city permitting).
Modern construction advantages: Built in 2004 (6,048 sq ft total), offering lower capex compared to older properties, better energy efficiency, and stronger tenant retention.
Prime East Side location: Convenient access to amenities, employment centers, transit, and downtown Saint Paul, supporting consistent occupancy and rent growth potential in a steadily appreciating market.
This property delivers immediate positive cash flow from 5 occupied units while offering clear upside to add a sixth unit for enhanced yields. Fully turnkey with tenants in place — perfect for portfolio expansion.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Daylight/Lookout Windows, Drainage System, Concrete, Partially Finished, Single Tenant Access, Storage Space, Walkout
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Inclusions Building, Land, Leases, Rental License
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Asphalt, Unassigned
Fence None
Utilities Available Heating Separate
Roof Type Age 8 Years or Less,Asphalt
Present Use Other
Building
Lot Description Public Transit (w/in 6 blks)
Story Three Or More
Foundation 2000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Frame
New Construction false
Schools
School District St. Paul
NEARBY SCHOOL & BUSINESS
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