For Sale: Saint Paul MLS# 7127796
Active
NEW!
$389,999
Multi-family: Triplex
5 br • 3 ba • Built 1888
2,226 sqft • 0.172 acres
St. Paul schools
MLS# 7127796
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Property Description
Investment opportunity in Saint Paul!
Welcome to 306 King St W, a well-maintained triplex offering an excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. This 2, 226 sq ft property features three separate units with a total of 5 bedrooms and 3 bathrooms and an estimated $4, 000/month in gross market rents.
The property has benefited from numerous improvements designed to add value and reduce future maintenance, including newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing, a high-efficiency furnace, updated flooring, insulated attic and crawlspace, and maintenance-free front decking. Shared laundry adds convenience for residents.
Location is another major advantage. Enjoy convenient access to downtown Saint Paul, public transportation, parks and recreation, restaurants, shopping, entertainment, and everyday amenities. The property is also well positioned for access to major roadways, making commuting throughout the Twin Cities convenient. Nearby employment centers, schools, neighborhood businesses, and Saint Paul's many cultural and entertainment destinations add to the area's rental appeal.
Whether you're an investor looking to add a three-unit income-producing property to your portfolio or an owner-occupant interested in living in one unit while collecting rent from the others, this property offers flexibility, valuable updates, and excellent income potential.
Three units. Great location. Approximately $4, 000/month in gross market rent potential. Don't miss this Saint Paul investment opportunity — schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$389,999
Price per sq ft:
$175
Property Type:
Multi-family
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1888
State:
MN
Property Style:
Triplex
Zip Code:
55107
Neighborhood/Area:
104
Subdivision Name:
Dawsons Add
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,226 ft2
Living Area:
2,226 ft2
Refrigerators:
Three
Basement Details:
- Drain Tiled
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,113 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.172
Geolocation:
44.927375, -93.098518
Lot Dimensions:
150 x 50
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
625
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,000
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$1,000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,840
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,840
Income
Annual Gross Income:
$46,104
Misc. Annual Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Gold Door Realty LLC.
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.