New Listing
894 Beech Street,Saint Paul, MN 55106
Saint Paul, MN 55106
Description
Updated Dayton’s Bluff duplex offering flexibility for an owner-occupant, investor, or a combination of both. Live in one unit and collect rent from the other, or lease both units for a fully income-producing property.The duplex features a rare main-floor three-bedroom, one-full-bath unit and an upper-level one-bedroom, one-bath unit. The newly renovated main-floor unit will be vacant at closing, giving the buyer the option to move in or select a tenant and establish a new lease at current market rent.The upper unit is occupied by the same long-term tenant of more than 15 years at $810 per month, providing rental income from day one. The seller estimates market rent for the main-floor three-bedroom unit at $1,800-$2,000 per month. At full occupancy, projected gross income is $2,610-$2,810 per month, or $31,320-$33,720 annually. The seller projects a cap rate of approximately 14%+ at the current asking price. Buyers and agents should independently verify rents, expenses, and financial projections.Recent improvements include a complete renovation of the main-floor kitchen with new cabinets and flooring in 2025, a newer roof and boiler installed in 2020, and lower-level windows replaced in 2019.Additional features include hardwood floors, a formal dining room, in-unit laundry, a newer deck, a private landscaped backyard, a two-car detached garage, and two additional parking spaces.Motivated seller seeking a quick close.
Details
| MLS # | 7121139 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1885 |
| Days On Site | 6 |
| Listing Provided By | LaBelle Real Estate Group Inc | Crush Real Estate Group - Jennifer A. Tillges |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,310 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.11 |
Interior
| Heating | Forced Air, Hot Water |
|---|
Exterior
| Roof | Age 8 Years or Less, Asphalt, Metal, Pitched |
|---|---|
| Lot Features | Public Transit (w/in 6 blks), Zero Lot Line |
Parking
| Parking Features | Detached Garage |
|---|
Taxes
| Property | 4646 |
|---|
Area Information
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55106 |
| Area | 90 |
| Community Name | Robert P Lewis Sub B106 Lyman |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Robert P Lewis Sub B106 Lyman) | |
Price: $203,000 low | high Med: $214,000 sqft: 1,310 low | high Med: 1,395 $ / sqft: $155 low | high Med: $153 On site: 6 low | high Med: 5 | |
Market Activity 55106
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Ramsey |
| City | Saint Paul |
| Zip Code | 55106 |
| Area | 90 |
| Community Name | Robert P Lewis Sub B106 Lyman |
| School District | 625 |
| High School | St. Paul |
| Listing VS Median (in Robert P Lewis Sub B106 Lyman) | |
Price: $203,000 low | high Med: $214,000 sqft: 1,310 low | high Med: 1,395 $ / sqft: $155 low | high Med: $153 On site: 6 low | high Med: 5 | |
