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661 Payne Avenue, Saint Paul, MN 55130

Saint Paul
Local realty services provided by:CENTURY 21 FM Realty
661 Payne Avenue,Saint Paul, MN 55130
$499,999
  • 4 Beds
  • 4 Baths
  • 3,900 sq. ft.
  • Multi-family
  • Active
Listed by: hosie thurmond
Office: keller williams realty integrity lakes
MLS#:7068786
Source:ND_FMAAR

Price summary

  • Price:$499,999
  • Price per sq. ft.:$128.2

About this home

A strong investment opportunity in one of Saint Paul’s high-demand rental corridors. This newly renovated 4-unit mixed-use property sits on a rare double lot and offers excellent cash flow potential with additional upside through below-market rents. The property is Section 8 approved and enrolled in the City of Saint Paul’s 4-D Affordable Housing Program, providing valuable property tax reductions and long-term affordability incentives. The asset features a versatile mixed-use zoning configuration that includes both a commercial garage space and a traditional residential garage, creating flexibility for owner-operators, small businesses, contractors, storage income, workshop use, or additional tenant amenities. Investors also have the option to maintain the property as a fully residential income-producing asset. The building has undergone substantial renovations and stabilization, making it a turnkey opportunity for investors seeking immediate cash flow with long-term appreciation...

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Home facts

  • Year built:1884
  • Listing ID #:7068786
  • Added:1 day(s) ago
  • Updated:May 30, 2026 at 05:56 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Living area:3,900 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1884
  • Building area:3,900 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Corner Lot

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$499,999
  • Price per sq. ft.:$128.2
  • Tax amount:$2,466

Parking

  • Parking description:Heated Garage
  • Garage spaces:4

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