For Sale: Saint Paul MLS# 6806727
Active
NEW!
$400,000
Multi-family: Four Plex
Built 1870
2,178 sqft • 0.15 acres
St. Paul schools
MLS# 6806727
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Property Description
TURN 4-PLEX TO 5-UNIT APARTMENT! A well-maintained four-unit multifamily property in the historic Dayton’s Bluff neighborhood with immediate value-add potential. This property currently features four fully leased units and an additional finished efficiency studio in the basement that can be legally registered as a fifth unit or used as an owner-occupied space. The opportunity to convert the lower-level studio into a legal fifth apartment offers investors an easy way to increase income and property value right away.
The property includes a main three-bedroom, one-bath unit, one studio unit, and two one-bedroom, one-bath units, each well cared for and consistently rented. The building has a total of approximately 2, 200 finished square feet of livable space, including a finished basement with egress windows. With an effective year built of 1999, this property combines the character of its 1870 origins with the benefits of modern updates.
Tenants enjoy convenient access to downtown Saint Paul, Metropolitan State University, and major transit routes, making this a desirable location for long-term renters. The flat 0.15-acre lot provides a two-stall detached garage, driveway parking, and ample street parking. Utilities include city water and sewer, and the property is heated by forced-air natural gas.
Whether you’re an investor looking to expand your portfolio or an owner-occupant seeking a property with strong cash flow potential, 337 Maria Avenue stands out as a rare find. With four income-producing units already in place and a ready-to-register fifth unit waiting to unlock even greater returns, this multifamily asset offers a mix of stability, upside, and prime location in one of Saint Paul’s most promising neighborhoods.
Buyer agent to verify all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$184
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1870
State:
MN
Property Style:
Four Plex
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Lyman Dayton Add
Interior
Finished Area:
2,178 ft2
Living Area:
2,178 ft2
Basement Details:
Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20 x 20
Garage Size:
400 ft2
Foundation Size:
1,778 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Gravel
- On-Street Parking Only
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.15
Geolocation:
44.955738, -93.07169
Lot Dimensions:
54 x 120
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$5,836
Annual Insurance Expense:
$3,574
Annual Maintenance Expense:
None
Annual Gross Expense:
$21,852
Annual Trash Expense:
$1,016
Annual Water/Sewer Expense:
$2,748
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,662
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,662
Income
Annual Gross Income:
$47,676
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
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 Keller Williams Premier 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.