$395,000
$394,600
0.1%For more information regarding the value of a property, please contact us for a free consultation.
661 Payne AVE Saint Paul, MN 55130
4 Beds
4 Baths
2,600 SqFt
Key Details
Sold Price $395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $151
Subdivision Phillips Add
MLS Listing ID 6705175
Sold Date 08/13/25
Style (MF) Four Plex
Bedrooms 4
Year Built 1884
Annual Tax Amount $2,466
Acres 0.12
Lot Dimensions 35x146
Property Description
A solid investment opportunity in a high demand rental area. This building is section 8 approved and enrolled in the city of St Paul's 4-D affordable housing program, offering property tax reductions and long term affordability incentives. Three out of four units are currently rented. The building sits on a deep lot with a shared backyard that includes a patio, grassy area, and garden space. Walkable to local favorites like Yarusso Bros, Minnesota Music Cafe, and the Bruce Vento Trail. Strong cash flow opportunity with rents below market.
Location
State MN
County Ramsey
Community Phillips Add
Zoning Residential-Multi-Family
Direction I-94 to Mounds Blvd exit (N) to E 7th (W) to Payne Ave N to Property
Rooms
Basement Concrete Block, Shared Access
Interior
Heating Forced Air
Flooring 5227.2
Laundry Common Area, In Basement
Exterior
Parking Features Multiple Garages
Garage Spaces 4.0
Roof Type Age 8 Years or Less
Accessibility None
Porch Deck, Patio
Total Parking Spaces 4
Building
Lot Description Corner Lot, Tree Coverage - Light
Foundation Permanent
Water City Water/Connected
Architectural Style (MF) Four Plex
Structure Type Block
Others
Senior Community No
Tax ID 322922210016
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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