For Sale: Saint Paul MLS# 6735777
Active
NEW!
$700,000
Commercial: Apartments
Built 1889
0.17 acres
St. Paul schools
MLS# 6735777
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
602 Mendota Street is a nine-unit multifamily property located in the rapidly revitalizing Dayton’s Bluff neighborhood on Saint Paul’s East Side. The building features a desirable unit mix of two 2-bedroom, 1-bath units, five studio apartments, and two 1-bedroom, 1-bath units—ideal for a variety of tenant types. Situated just blocks from the newly completed Gold Line Bus Rapid Transit (BRT), the property offers residents enhanced access to major employment and education hubs across the metro. With strong rental demand, below-market rents, and continued investment in the surrounding area, this asset presents a prime value-add opportunity for multifamily investors. Seller is open to carry-back options.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$700,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1889
State:
MN
Property Style:
Apartments
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Dana & Humes Sub Of W1/2 B98
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
6
Foundation Size:
3,074 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Parking Lot
- Paved
Exterior Material:
Fiber Cement
Lot & Land
Acres:
0.17
Geolocation:
44.959585, -93.063141
Inclusions:
Building
Lot Dimensions:
60 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$57,576
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$16,002
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$16,002
Income
Annual Gross Income:
$134,880
Rent
Annual Net Income:
$82,034
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.