, Saint Paul, MN 55130 (MLS# 7070994)

Overview

Description

These properties are investor-only and cannot be owner-occupied. **Phase 2 includes: 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, & 947 Minnehaha Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent s ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 14
Owner Occupied: No
Waterfront YN: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6667
Garage Stalls: 5
For Sale or Lease: For Sale
Acres: 0.15
Lot Dimensions: IRREGULAR
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Kitchen Window Appliances: Range; Refrigerator Basement: Full CMU Style: Duplex Up and Down Construction Status: Previously Owned Current Use: Residential Exterior: Aluminum Siding; Fiber Board; Vinyl Fencing: Chain Link; Invisible; Partial Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Special Funding; Other On Site Utilities: Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Pool Description: None Potential Use: Income Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1810000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55130
Complex/Dev/Subdivision: Stinsons Add

Additional Parcels Information

Property ID #2: 292922430084
Property ID #3: 322922240063,322922110075,282922340096

Assessments

Tax With Assessments: 7248
Assessment Balance: 0
Assessment Installment: 0

More Information

Building Information

Building Finished SqFt: 14017
Building SqFt: 14017

Income and Expenses

Annual Gross Expenses: 81875
Annual Gross Income: 169347
Annual Net Income: 87472

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1420
Parking Lot: Yes

Public Survey Info

Range#: 22
Section#: 29
Township#: 29

Sale Options

Sale Includes: Fixture/Equipment, Land

Unit 2

No. of 2 Bedroom Units: 2

Unit 3

No. of 3 Bedroom Units: 5

Unit Details

Total Units: 11

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: MULTIPLE LEGALS
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2917
Property ID Number: 292922340103
Tax Year: 2026
Tax Amount: 7248
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: These properties are investor-only and cannot be owner-occupied. **Phase 2 includes: 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, & 947 Minnehaha Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition.
Directions: Minnehaha To Edgerton North To Home

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Kitchen Window: Yes

Appliances

Range: Yes
Refrigerator: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Aluminum Siding: Yes
Fiber Board: Yes
Vinyl: Yes

Fencing

Chain Link: Yes
Invisible: Yes
Partial: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Patio, Porch and Deck Features

Porch: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes
Six or More: Yes

No. of Refrigerators

One Per Unit: Yes
Six or More: Yes

On Site Utilities

Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Duplex Up and Down: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Special Funding: Yes
Other: Yes

Potential Use

Income: Yes