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$435,000
7025826 MLS
Five-unit investment opportunity in a quiet, established neighborhood in Saint Paul. This property features all spacious two-bedroom units with functional layouts and both front and back access, creating strong and consistent tenant appeal. The building offers immediate cash flow with a solid rental history, while presenting significant value-add potential through future updates and continued rent growth. With strong bones and a solid foundation, this is a dependable long-term asset for investors seeking both stability and upside. This is a valuable asset positioned for growth in what is becoming a highly sought-after neighborhood, offering a rare opportunity to secure a cash-flowing property with long-term appreciation potential.

644 Sherwood Avenue, Saint Paul

Listing courtesy of Coldwell Banker Realty.

$560,000
3 Beds 4 Baths 6808073 MLS
890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).

890 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$275,000
2 Beds 2 Baths 6806880 MLS
Exceptional value-add investment opportunity in the heart of Saint Paul’s rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property’s prime location on Payne Avenue positions it perfectly to benefit from the area’s ongoing transformation. The Payne Avenue corridor is home to some of Saint Paul’s most ambitious redevelopment efforts. The Hamm’s Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center’s multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation. Whether you’re an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side’s next wave of revitalization. Buyer agent to confirm all measurements.

1132 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$320,000
4 Baths 6806866 MLS
Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective. Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation. Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue. Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.

977 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$374,000
4 Beds 4 Baths 6813006 MLS
Turnkey Investment Opportunity – Fully Rented 4-Unit in St. Paul. Don’t miss this excellent income-producing property in the heart of St. Paul! This well-maintained fourplex features four 1-bedroom / 1-bathroom units, all currently rented and generating steady cash flow. Each unit includes private forced air heating system with individual thermostat, Dedicated 50 Amp electrical panel, Individual 40-gallon water heater. One unit was just updated. Utilities: Tenants pay gas and electric, Owner pays trash, water, sewer, lawn care, snow removal, and common area electricity. Additional Amenities: Off-street parking behind the building, Lockable basement storage units for each tenant, Coin-operated washer and dryer in the basement for added income. Close to shopping, bike trails, and public transit. This property offers low-maintenance ownership with separate mechanicals for each unit, making it ideal for both seasoned investors and those new to multifamily real estate. Fully rented and ready to produce income from day one. Schedule your showing today!

893 Jenks Avenue, Saint Paul

Listing courtesy of Home Avenue Flat Fee Realty.

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