For Sale: Saint Paul MLS# 7063192
Active
NEW!
$350,000
Multi-family: Fourplex
4 br • 4 ba • Built 1870
2,178 sqft • 0.151 acres
St. Paul schools
MLS# 7063192
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Property Description
Elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building.
The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies.
For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset.
The building offers approximately 2, 200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability.
Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential.
Buyer agent to verify all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Price per sq ft:
$161
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1870
State:
MN
Property Style:
Fourplex
Zip Code:
55106
Neighborhood/Area:
90
Subdivision Name:
Lyman Dayton Add
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,178 ft2
Living Area:
2,178 ft2
Basement Details:
- Egress Window(s)
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,778 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
Lot & Land
Acres:
0.151
Geolocation:
44.955738, -93.07169
Lot Dimensions:
54 x 120
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$5,836
Annual Insurance Expense:
$3,574
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,016
Annual Water/Sewer Expense:
$2,748
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,662
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,662
Income
Annual Gross Income:
$47,676
Rent
Annual Net Income:
$28,824
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.