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Key Details
Sold Price $707,738
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,962 sqft
Price per Sqft $238
MLS Listing ID 6602422
Sold Date 12/13/24
Year Built 1909
Annual Tax Amount $10,008
Tax Year 2024
Contingent None
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x150
Property Description
Prime Student Rental Investment Opportunity! Or owner occupy with solid revenue stream! Has been traditionally rented to UST students. Discover this beautifully updated, traditional two-story duplex, located in the highly sought-after Merriam Park/Lexington-Hamline neighborhood. Just four blocks from St. Thomas University, this property offers a rare chance to own a profitable investment in a prime student rental market. The first-floor unit is 3 spacious bedrooms and 1 updated bathroom. The upper-level unit is a large 6-bedroom, 2-bathroom space spread across the 2nd and 3rd floors, perfect for larger groups of tenants. Recent improvements include: brand-new kitchens in both units featuring modern cabinets, sleek quartz countertops, and updated appliances; refinished original oak and birch hardwood floors to light, natural tone; stylish bathroom upgrades with new wall tile, vanities, flooring, and accessories; freshly painted and stained surfaces throughout, paired with new carpeting and light fixtures. Updated mechanicals for long-term peace of mind. Open style kitchen/dining and gathering rooms warmed by many large windows in both units. Generous outdoor spaces/yard with updated landscaping for easy maintenance. Your tenants will love the inviting open front porch and a screened upper porch. Parking/driveway for 4 or more vehicles. Easy access to public transit and nearby amenities, making it a highly desirable for renters. This property blends modern convenience with historical charm and a solid income-producing investment opportunity. Ready to add to your portfolio today!
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Full, Unfinished
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Concrete
Building
Story More Than 2 Stories
Foundation 1241
Sewer City Sewer/Connected
Water City Water - In Street
Level or Stories More Than 2 Stories
Structure Type Wood Siding
New Construction false
Schools
School District St. Paul
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