Property Listing
Description
elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building. The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies. For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset. The building offers approximately 2,200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability. Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential. Buyer agent to verify all measurements.
Property Information
Status: Active
Sub Type: ********
List Price: $350,000
MLS#: 7063192
Current Price: $350,000
Address: 337 Maria Avenue, Saint Paul, MN 55106
City: Saint Paul
State: MN
Postal Code: 55106
Geo Lat: 44.955738
Geo Lon: -93.07169
Subdivision: Lyman Dayton Add
County: Ramsey
Property Description
Year Built: 1870
Lot Size SqFt: 6534
Gen Tax: 8662
Specials Inst: 0
High School: St. Paul
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Total SqFt.: 5334
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
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Garage Stalls: 2
Waterfront:
Property Features
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