$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
2,600 SqFt
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Quadruplex
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
Year Built 1884
Annual Tax Amount $2,466
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 35x146
Property Sub-Type Quadruplex
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
Zoning Residential-Multi-Family
Rooms
Basement Block, Shared Access
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached, Multiple Garages
Garage Spaces 4.0
Fence Privacy, Wood
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot, Some Trees
Story Two
Foundation 1300
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
School District St. Paul
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