Property Listing
Description
Come take a look at this fully-occupied 8-unit multifamily investment opportunity located in the Summit-University neighborhood. Tenants love the layout of these units & commonly use 3/8 units as 3 BR or 2BR+ den units (using the sun room leading to the porch as a 3rd bedroom) Each unit has its own boiler and water heater. Tenants pay ALL their own Gas (cooking & heat) - so the owner has below average utility costs. The units feature classic architectural character like high ceilings, original woodwork, built-in cabinetry, and large porches! The longer-term tenants rent below market & have opportunities to increase with pet & off-street parking income. Leases have a mix of MTM and expirations into late 2026, offering stability and flexibility for a buyer to immediately implement their own lease terms Located centrally between downtown St Paul & Minneapolis for quick commutes, nearby grocery shopping, restaurants, and nightlife. Reach out to the listing agents for more financial information and tours
Property Information
Status: Active
Sub Type: ********
List Price: $1,097,000
MLS#: 6642470
Current Price: $1,097,000
Address: 583 Holly Avenue, Saint Paul, MN 55102
City: Saint Paul
State: MN
Postal Code: 55102
Geo Lat: 44.943671
Geo Lon: -93.124771
Subdivision: Woodland Park Addition, To St
County: Ramsey
Property Description
Year Built: 1890
Lot Size SqFt: 6969.6
Gen Tax: 25768
Specials Inst: 0
High School: St. Paul
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Total SqFt.: ********
Style: ********
Total Bedrooms: 15
Total Bathrooms: 8
Total Full Baths: ********
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Garage Stalls: 0
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