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$400,000
4 Baths 6806885 MLS
Outstanding mixed-use investment opportunity located in the heart of the rapidly growing Payne-Phalen corridor. This 4-unit property features one expansive commercial space (that has been rented as separate spaces in the past) and 2 large residential units, offering multiple income streams and strong value-add potential. The main-level commercial space spans approximately 1,510 square feet with an additional 1,500 square feet of finished basement space, perfect for storage or conversion into additional leasable areas. The commercial unit could rent for as much as $3,000 per month, or be subdivided into multiple smaller spaces to maximize returns. Upstairs, the 2 residential units are spacious and feature tall ceilings and flexible layouts, providing ideal conditions for interior upgrades that could command higher market rents. With thoughtful improvements, this property has the potential to generate excellent cash flow and appreciation in a district primed for growth. The Payne Avenue corridor is undergoing one of Saint Paul’s most significant redevelopment pushes, anchored by the Hamm’s Brewery revitalization project and the Latino Economic Development Center’s multi-million-dollar renovation, which will introduce a new event center, commercial kitchen, restaurants, and retail destinations to the area. These transformative projects are driving new investment, foot traffic, and business activity along Payne Avenue, making this the perfect time to acquire a property in this emerging commercial hub. Positioned to benefit from the East Side’s resurgence, 985 Payne Ave offers investors and owner-operators alike the opportunity to participate in the neighborhood’s exciting next chapter while building long-term equity through strategic upgrades and rental optimization. Buyer agents to verify all measurements.

985 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$320,000
4 Baths 6806866 MLS
Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective. Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation. Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue. Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.

977 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$350,000
2 Beds 3 Baths 6808082 MLS
This mixed-use property features one retail or office space and two residential units, offering both immediate cash flow and long-term upside. The commercial unit spans approximately 1,200 square feet and is ideal for retail, office, or service-based businesses, with a projected market rent of up to $1,300 per month. The residential units include a spacious two-bedroom, one-bath apartment and a well-designed studio apartment, projected to rent for $1,300 and $850 per month respectively. Together, the property produces a potential gross monthly income of $3,450 and an annual gross of $41,400, making it an attractive income-producing investment based on the income approach. Positioned directly on the light rail line and along the newly constructed Gold Line rapid transit corridor, this property stands at the intersection of accessibility and future growth. The Saint Paul Downtown Alliance and the City of Saint Paul have launched an ambitious initiative to repurpose downtown office buildings into 20,000 to 30,000 new residential units. This plan is expected to drive increased ridership, local business activity, and urban revitalization, creating a ripple effect that will make properties along the Gold Line even more valuable in the years to come. Beyond its strong fundamentals, the property’s flexibility adds a unique layer of opportunity. The commercial space could be leased traditionally or adapted for specialized use, while the residential units could also serve as short-term or mid-term rentals catering to business travelers and transit users. Investors seeking additional scale have the option to acquire the adjoining property at 365 Earl Street for a package sale, further enhancing income potential and property value. In short, this mixed-use building offers more than stable returns; it provides a foothold in one of Saint Paul’s most strategically positioned transit corridors. With reliable cash flow today and significant appreciation potential tied to the city’s long-term development plan, this property represents both solid investment performance and promising future upside. Buyer agent to verify all measurements.

1051 Hudson Road, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

$374,000
4 Beds 4 Baths 6813006 MLS
Turnkey Investment Opportunity – Fully Rented 4-Unit in St. Paul. Don’t miss this excellent income-producing property in the heart of St. Paul! This well-maintained fourplex features four 1-bedroom / 1-bathroom units, all currently rented and generating steady cash flow. Each unit includes private forced air heating system with individual thermostat, Dedicated 50 Amp electrical panel, Individual 40-gallon water heater. One unit was just updated. Utilities: Tenants pay gas and electric, Owner pays trash, water, sewer, lawn care, snow removal, and common area electricity. Additional Amenities: Off-street parking behind the building, Lockable basement storage units for each tenant, Coin-operated washer and dryer in the basement for added income. Close to shopping, bike trails, and public transit. This property offers low-maintenance ownership with separate mechanicals for each unit, making it ideal for both seasoned investors and those new to multifamily real estate. Fully rented and ready to produce income from day one. Schedule your showing today!

893 Jenks Avenue, Saint Paul

Listing courtesy of Home Avenue Flat Fee Realty.

$310,000
2 Beds 1 Baths 6812212 MLS
Instant equity opportunity!! Appraised at $372,500. Now listed at $310,000 with motivated sellers. This remarkable historic loft presents a rare chance to own a truly unique property below its recent appraised value. Originally serving as the personal office of railroad magnate James J. Hill, this one-of-a-kind residence blends historic character with modern comfort. Soaring barrel-arched ceilings, stunning 7-foot windows, and abundant natural light create an impressive living space that feels both grand and inviting. Recent updates include professionally installed luxury vinyl plank flooring in both bedrooms and the closet, along with fresh paint throughout. In-unit laundry adds everyday convenience. Beyond the unit itself, Great Northern Lofts offers a welcoming community and exceptional amenities. Residents enjoy monthly movie nights, an active book club, popular biannual loft crawls, a fitness center with treadmills, ellipticals, free weights, benches, and a squat rack, plus a beautifully maintained community room that can be reserved online at no cost. HOA dues include water, internet, on-site management, and strong association reserves. Up to two pets are permitted. Storage and parking are unusually generous for downtown living. Included with the unit are a large private storage room (#6) and two deeded side-by-side garage stalls located on the first floor of the detached parking garage across the street. The location places some of Saint Paul's best attractions just steps away. Enjoy views of the European Christmas Market from the living room windows during the holiday season, or walk to the Saint Paul Farmers' Market, CHS Field, restaurants, parks, and downtown entertainment. A rare combination of history, character, community, convenience, and value in one of Saint Paul's most iconic buildings. Agent related to seller. Buyer to verify all facts and figures.

300 Wall Street Unit 203, Saint Paul

Listing courtesy of eXp Realty.

$395,000
2 Beds 2 Baths 6782503 MLS
One-of-a-kind live/work residence in the heart of historic Lowertown—just steps from the St. Paul Farmers' Market, CHS Field, and all the boutique shops and restaurants that make Lowertown so quaint. Set within the iconic Chicago Great Western Building, this home blends timeless architectural details with modern convenience. The Classical Revival style showcases dramatic iron staircases, exposed brick walls, Douglas fir floors, large windows and soaring ceilings that inspire creativity and comfort. Cozy living room with a wood-burning fireplace, a spacious third-floor loft bedroom, a mezzanine level with in-unit laundry, and beautifully updated kitchen and baths. Enjoy the rare convenience of a private, heated and insulated two-car attached garage with abundant storage and 2 additional assigned parking spaces. New rooftop heating & cooling unit. Whether you're seeking a unique home, inspiring workspace, or both—this exceptional property offers the best of city living in a truly historic setting.

355 Kellogg Boulevard E Unit 7, Saint Paul

Listing courtesy of Coldwell Banker Realty - Lakes.

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