661 Payne Avenue, Saint Paul, MN 55130

Saint Paul
Local realty services provided by:ERA Gillespie Real Estate
661 Payne Avenue,Saint Paul, MN 55130
$475,000
  • 4 Beds
  • 4 Baths
  • 2,600 sq. ft.
  • Multi-family
  • Active
Listed by: hosie
Office: keller williams realty integrity lakes
MLS#:7068786
Source:NSMLS

Price summary

  • Price:$475,000
  • Price per sq. ft.:$121.79

About this home

A strong investment opportunity in one of Saint Paul’s high-demand rental corridors. This newly renovated 4-unit mixed-use property sits on a rare double lot and offers excellent cash flow potential with additional upside through below-market rents. The property is Section 8 approved and enrolled in the City of Saint Paul’s 4-D Affordable Housing Program, providing valuable property tax reductions and long-term affordability incentives. The asset features a versatile mixed-use zoning configuration that includes both a commercial garage space and a traditional residential garage, creating flexibility for owner-operators, small businesses, contractors, storage income, workshop use, or additional tenant amenities. Investors also have the option to maintain the property as a fully residential income-producing asset. The building has undergone substantial renovations and stabilization, making it a turnkey opportunity for investors seeking immediate cash flow with long-term appreciation...

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Home facts

  • Year built:1884
  • Subdivision & Development:Phillips Add
  • Listing ID #:7068786
  • Added:130 day(s) ago
  • Updated:October 07, 2026 at 12:20 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Block
  • Living area:2,600 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1884
  • Building area:2,600 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Corner Lot, Public Transit (w/in 6 blks)
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$121.79
  • Tax amount:$2,466 (2025)

Parking

  • Parking description:Detached Garage, Heated Garage, Multiple Garages, Storage
  • Garage:Yes
  • Garage spaces:4
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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