1489 Sherburne Avenue, Saint Paul, MN 55104
- $250,000
- 8
- BD
- 3
- BA
- 3,098
- SqFt
- List Price
- $250,000
- MLS#
- 7141490
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 8
- Bathrooms
- 3
- Living Area
- 3,098
- Acres
- 0.11
- Neighborhood
- 93
- Year Built
- 1911
Property Description
Unique triplex investment opportunity! Why rent when you can own and have tenants help pay your mortgage? This versatile property features three electrical meters, two gas meters, and separate electrical panels, offering excellent potential for income generation. The main-floor kitchen was updated approximately 10 years ago, and the upper-level unit includes a kitchenette. With the addition of a full kitchen on the second floor, the upper level could function as a fully independent rental unit, creating even greater income potential. Tenants currently pay all utilities, including water, helping to maximize cash flow. The property also features beautiful original hardwood floors, classic leaded-glass windows, and a roof that was replaced approximately 15 years ago. Whether you're an owner-occupant looking to offset your housing costs or an investor seeking strong rental income, this property offers tremendous opportunity. It may also be well-suited for shared housing, room rentals, or other creative investment strategies. Excellent cash-flow potential!
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Additional Information
- School District
- St. Paul
- Tax Year
- 2026
- Fencing
- Full
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Corner Lot
- Sewer
- City Sewer/Connected
- Roof
- Age Over 8 Years
- Heating
- Boiler
- Water
- City Water/Connected
- Basement
- Full, Unfinished
- Parking
- Detached Garage
- Garage Spaces
- 2
Mortgage Calculator
Listing courtesy of RE/MAX Results.
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