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$550,000
6 Beds 2 Baths 7098240 MLS
Gorgeous Cathedral Hill neighborhood duplex, just a few blocks south of Grand Avenue and walkable to almost anything you can think of, including Kowalski's, The Lexington, cafes, etc. This duplex has been in the same family for nearly 60 years, meticulously maintained and updated. One of the most impressive features are the mirror like finish wood floors that have been redone, giving a warmth throughout the unit and eliminating the issues that come with carpeting. Each unit features three bedrooms with closet space and gorgeous views to outside, as well as a large connected dining area and living room, with an additional sunroom off of the front door, and kitchen leading to the backyard. Each unit (upstairs/main level) comes with a garage space in the detached garage. Laundry on site includes a washer and dryer for both the upstairs and main level tenant, meaning renters don't have to worry about sharing the laundry. Both current renters are renting until August 31st, 2026, one a long term renter of over ten years and the other a fantastic shorter term renter looking to buy a home of their own. A one year lease for the lower level was signed for $1,950 prior to the marketing of the property, however the upstairs has been kept unleaded for the possibility of an owner occupant. Rents are below the market analysis of $2,195 per month for similar properties in the area, giving a new owner potential upside in increased rental rates.

157 Lexington Parkway S, Saint Paul

Listing courtesy of Apex Commercial Properties, LL.

$499,999
4 Beds 4 Baths 7068786 MLS
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 potential. Spacious units, strong rental demand, and flexible lease structures provide multiple operational strategies for future ownership. The oversized lot includes a shared backyard with patio space, green space, and garden potential, adding lifestyle appeal for tenants. Located along the vibrant Payne Avenue corridor, the property is walkable to neighborhood staples including Yarusso Bros, Minnesota Music Cafe, local restaurants, retail, parks, and the Bruce Vento Regional Trail. Motivated seller. Excellent opportunity for investors seeking a stabilized multifamily asset with mixed-use flexibility, tax advantages, and future upside in a rapidly improving East Saint Paul market.

661 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Realty Integrity Lakes.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

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