Additional details

John Moengen

johnsmnrealestate@gmail.com +1(218) 330-9451

$5,525,000

Est. payment - /mo

4,835 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest

MLS Listing ID 7069580

Year Built 1887

Annual Tax Amount $23,056

Tax Year 2026

Contingent None

Lot Size 4,835 Sqft

Lot Dimensions IRREGULAR

Property Description

991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. 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 opportunities.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Other

Interior

Heating Forced Air

Inclusions Fixture/Equipment, Land, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Attached Garage, Asphalt, Shared Driveway, On-Street Parking Only, Other, Parking Lot, Open

Garage Spaces 13.0

Fence Chain Link, Full, Partial, Privacy, Wood

Utilities Available Electric Separate, Heating Separate

Roof Type Asphalt

Present Use Residential

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot, Irregular Lot

Story Two

Foundation 20009

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District St. Paul

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Listed by Thomas Edelstein • Coldwell Banker Realty

Nearby School & Business

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John Moengen

+1(218) 330-9451

Agent

402 Hope ST Saint Paul, MN 55106

John Moengen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information