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Joe Mack

joe@mnrealestateteam.com +1(952) 484-7071

$ 1,810,000

Est. payment | -/mo

6,751 Sqft Lot

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$ 1,810,000

Est. payment | -/mo

Save

6,751 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Stinsons Add

MLS Listing ID 7070994

Year Built 1906

Annual Tax Amount $7,248

Tax Year 2026

Contingent None

Lot Size 6,751 Sqft

Lot Dimensions IRREGULAR

Property Description

These properties are investor-only and cannot be owner-occupied. **Phase 2 includes: 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, & 947 Minnehaha Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Inclusions Fixture/Equipment, Land

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Detached Garage, Asphalt, On-Street Parking Only, Parking Lot

Garage Spaces 5.0

Fence Chain Link, Invisible, Partial

Pool None

Utilities Available Heating Separate, Hot Water Separate

Present Use Residential

Building

Foundation 6667

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District St. Paul

Listed by Thomas Edelstein • Coldwell Banker Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 484-7071

joe@mnrealestateteam.com

765 Edgerton ST E Saint Paul, MN 55130

Joe Mack

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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765 Edgerton ST E