$ 560,000
-
$560,000
Price -
3
Bed -
4
Bath -
0.06
Acre
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About the Listing 9705 - 502239675
890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 38 x 70
- Zoning: Business/Commercial
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: On-Street Parking Only,Parking Lot
Financial Details
- Tax Amount: $8,726
- Taxes w/Assessments: N/A
- Tax/Property ID: 292922420146
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
890 Payne Ave Saint Paul, MN 55130
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