1049 Gorman Avenue, West Saint Paul, MN 55118

West Saint Paul
Local realty services provided by:ERA Prospera Real Estate
1049 Gorman Avenue,West Saint Paul, MN 55118
$449,900
  • 6 Beds
  • 3 Baths
  • 2,846 sq. ft.
  • Multi-family
  • Active
Listed by: joann white
Office: ashworth real estate
MLS#:7156355
Source:NSMLS

Price summary

  • Price:$449,900
  • Price per sq. ft.:$158.08

About this home

Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separate living spaces with excellent income potential. Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant. Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption. Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential. The spacious main-level unit...

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Home facts

  • Year built:1941
  • Subdivision & Development:Michel B Add
  • Listing ID #:7156355
  • Added:1 day(s) ago
  • Updated:October 08, 2026 at 06:53 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block, Finished
  • Living area:2,846 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1941
  • Building area:2,846 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$449,900
  • Price per sq. ft.:$158.08
  • Tax amount:$5,518 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:2
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