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For Sale:  Saint Paul MLS# 7136892

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Active NEW!
$510,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1890
3,288 sqft • 0.121 acres
St. Paul schools
MLS# 7136892
763-576-8286
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    Property Description

    Well-built four-plex in Railroad Island, one of Saint Paul’s most actively reinvested pockets. Sits a short walk from the Village on Rivoli — the largest new single-family home development the city has seen in decades — plus the Rivoli Bluff urban farm and orchard, Swede Hollow Park and the Bruce Vento Trail. New roof and new gutters in 2025. Long-term tenants and a stabilized rent roll with a mix of self-pay and voucher-assisted income. 431 Mount Ida, second floor, opens October 1 — move in and house hack while the other three units carry the note. Genuine upside for a visionary buyer: build out rentable storage in the basement, frame an additional bedroom below grade, and add up to two bedrooms on each top floor to take those units from 2BR to 3–4BR (buyer to verify egress and permitting with the City of Saint Paul). All tenants have been notified of the pending sale and several have expressed interest in staying. Easy to rent, easy to hold.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $510,000
    Price per sq ft: $155
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1890
    State: MN
    Property Style: Fourplex
    Zip Code: 55130
    Neighborhood/Area: 98
    Subdivision Name: Warren & Winslows Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,288 ft2
    Living Area: 3,288 ft2
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,644 ft2
    Handicap Accessible: None
    Heating System: Forced Air

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.121
    Geolocation: 44.962469, -93.082433
    Lot Dimensions: 50 x 102 x 50 x 101
    Zoning: Residential-Multi-Family

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,038
    Annual Fuel Expense: $1,038
    Annual Insurance Expense: $3,599
    Annual Maintenance Expense: $1,460
    Annual Trash Expense: $2,400
    Annual Water/Sewer Expense: $2,475

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,749
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,820

    Income

    Annual Gross Income: $63,240

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Payment:  /mo

    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!

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    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.