Property Listing
Description
3.99% Assumable FHA Mortgage Available (Buyer Must Qualify) | Price Reduced $5,000 | One Unit Vacant November 1st Live in one unit and let the neighboring unit help pay your mortgage. With one unit becoming vacant on November 1st, this is a rare opportunity for a first-time homebuyer, owner-occupant, or house hacker to take advantage of an assumable 3.99% FHA mortgage while generating rental income from the adjacent unit. Rare side-by-side duplex in St. Paul's Hamline-Midway neighborhood offering over 5,100 finished square feet, 8 bedrooms, and 4 bathrooms. Each unit lives like a single-family home with spacious multi-level layouts, private entrances, generous living areas, and abundant storage throughout. The soon-to-be-vacant unit was recently marketed at approximately $2,600 per month and generated significant interest from prospective tenants, giving the next owner flexibility to either occupy the space or lease it at market rent. Recent improvements include new appliances and other updates that support strong rental performance while preserving future value-add potential. Situated on a 6,100-square-foot lot, the property offers off-street parking and private outdoor space for residents. Conveniently located near Allianz Field, the Green Line light rail, major universities, shopping, restaurants, and both downtown Minneapolis and downtown St. Paul, the property provides easy access to some of the Twin Cities' most desirable amenities and employment centers. Whether your goal is to reduce your living expenses through owner-occupied investing, begin building a real estate portfolio, or acquire a large income-producing asset with attractive financing, this property offers flexibility, scale, and immediate upside. Opportunities to purchase a duplex of this size with a vacant unit, immediate house-hack potential, and an assumable 3.99% mortgage are increasingly rare in today's interest rate environment.
Property Information
Status: Active
Sub Type: ********
List Price: $549,500
MLS#: 7148007
Current Price: $549,500
Address: 1607 Van Buren Avenue, Saint Paul, MN 55104
City: Saint Paul
State: MN
Postal Code: 55104
Geo Lat: 44.962225
Geo Lon: -93.16827
Subdivision: Hopkins Second Add To, St
County: Ramsey
Property Description
Year Built: 1909
Lot Size SqFt: 6098.4
Gen Tax: 7132
Specials Inst: 0
High School: St. Paul
Square Ft. Source:
Above Grade Finished Area: 2100
Below Grade Finished Area: 1292
Below Grade Unfinished Area:
Total SqFt.: 5133
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 4
Waterfront:
Property Features
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Inclusions: ********
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