For Sale: Saint Paul MLS# 6808073
Active
NEW!
$560,000
Commercial: 2 Stories
3 br • 4 ba • Built 1888
0.055 acres
MLS# 6808073
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
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).
Listing
Listing Status:
Active
Contingency:
None
List Price:
$560,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1888
State:
MN
Property Style:
2 Stories
Zip Code:
55130
Neighborhood/Area:
98
Subdivision Name:
Chas Weides Sub Of B34 Arling
Interior
Bedrooms:
3
Bathrooms:
4
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,950 ft2
Handicap Accessible:
Other
Heating System:
Boiler
Parking Features:
- On-Street Parking Only
- Parking Lot
Lot & Land
Acres:
0.055
Geolocation:
44.968175, -93.073288
Inclusions:
Land
Lot Dimensions:
38 x 70
Zoning:
Business/Commercial
Schools
School District:
2102
District Phone:
6517678100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,726
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,726
Income
Annual Gross Income:
$70,680
Rent
Annual Net Income:
$36,382
Units
Total Units:
5
Miscellaneous
Current Use:
- Laundromat
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
None Available
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.