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For Sale:  Saint Paul MLS# 7147699

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Active NEW!
$600,000
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 3 ba • Built 1900
4,120 sqft • 0.277 acres
St. Paul schools
MLS# 7147699
763-576-8286
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    Property Description

    Rare opportunity to own a renovated Lake Phalen duplex with established rental income and tenants already in place! Enjoy beautiful lakeside views from the spacious deck and charming front porch, all just steps from Lake Phalen’s walking and biking trails, beaches, golf course, and recreation. The property offers generous living spaces, large bedrooms, multiple kitchens, separate entrances, laundry, ample storage, and a large 3-car garage. Leases are currently in place through May 31, 2027, providing immediate income for the next owner. Sellers are motivated and willing to contribute up to $15, 000 toward buyer closing costs with an acceptable offer. An excellent opportunity for an investor looking for a well-located, income-producing property with long-term potential!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $600,000
    Price per sq ft: $146
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 3
    County: Ramsey
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55106
    Neighborhood/Area: 98
    Subdivision Name: Overbrook

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 4,120 ft2
    Living Area: 4,120 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Drain Tiled
    • Egress Window(s)
    • Finished
    • Sump Pump
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Size: 936 ft2
    Foundation Size: 1,680 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Hot Water
    Parking Features:
    • Concrete
    • Detached Garage
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry: In Unit

    Lake & Waterfront

    Waterfront Present: N
    Waterfront: Lake View

    Lot & Land

    Acres: 0.277
    Geolocation: 44.989452, -93.050826
    Lot Dimensions: 89 X 134

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: $300
    Annual Trash Expense: $400
    Annual Water/Sewer Expense: $600
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,122
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,122

    Income

    Annual Gross Income: $52,800

    Units

    Total Units: 2

    Miscellaneous

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

    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 Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.