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Active Contingent NEW!
$194,900
/mo Edit
Multi-family:  2 Stories
5 br • 2 ba • Built 1900
1,544 sqft • 0.046 acres
MLS# 6825030
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    Property Description

    This well-maintained up/down duplex offers an excellent opportunity for both owner-occupants and investors in the heart of St. Paul’s Thomas-Dale neighborhood. The main-level unit is currently vacant and features three bedrooms and one bathroom, making it ideal for a buyer who wants to live in one unit while rental income from the upper unit helps cover a large portion of the mortgage. The upper-level unit includes two bedrooms and one bathroom and has strong rental appeal. The location is a major advantage. Situated just minutes from I-94 and close to the Green Line light rail along University Avenue, this property provides easy access to downtown St. Paul, Minneapolis, and the University corridor. Restaurants, shops, transit, and daily conveniences are all nearby, making this a highly desirable area for tenants and owner-occupants alike. This property works well as a first investment, a classic owner-occupied duplex, or as a clean addition to a seasoned investor’s portfolio. It has a history of solid cash flow and long-term rental demand. The seller is also open to discussing contract for deed terms, providing additional flexibility for qualified buyers. A strong duplex in a central, connected neighborhood with multiple paths to value and income.

    Listing

    Contingency: Inspection
    Price per sq ft: $126
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: 2 Stories
    Zip Code: 55103
    Neighborhood/Area: 102
    Subdivision Name: Dale Street Add

    Interior

    Living Area: 1,544 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 772 ft2
    Fencing: Chain Link
    Handicap Accessible: Accessible for Hearing-Impairment
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material:
    • Brick
    • Concrete
    • Stone
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Shared Rooms: Other
    Laundry:
    • Gas Dryer Hookup
    • In Basement

    Lot & Land

    Acres: 0.046
    Geolocation: 44.961515, -93.126592
    Lot Dimensions: 47 x 43 x 47 x 43
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 2102
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,000
    Annual Fuel Expense: $1,000
    Annual Insurance Expense: $1,400
    Annual Maintenance Expense: $1,000
    Annual Trash Expense: $1,000
    Annual Water/Sewer Expense: $1,000
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,704
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,704

    Income

    Annual Gross Income: $30,360
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $10,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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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 eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.