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588 Selby Avenue, Saint Paul
$570,000
5 Beds ⋅ 3 Baths ⋅ 7109457 MLS
Motivated seller offering flexible financing options on this one-of-a-kind Saint Paul triplex! For qualified buyers, seller is willing to do a Contract for Deed lower than 6% interest rate. Ask your agent for details and terms. Rare opportunity to own a distinctive Victorian triplex blending timeless character with the peace of mind of newer construction. Originally relocated to its current location in the late 1980s, the home features a Victorian exterior while the foundation, plumbing, electrical, windows, and much of the interior were rebuilt during the move. The property showcases charming period details, including vibrant Victorian paint colors, two front balconies, select original hardwood floors, and an inviting front porch. The desirable unit mix includes a spacious 2-bedroom plus nook apartment with a full front walk-out porch, offering excellent appeal for both owner-occupants and investors. Numerous updates have been completed over the past few years, including fresh paint, new flooring, updated appliances, closet improvements, and more. Outside, you'll find four off-street parking spaces and a generous backyard with alley access. Ideally located between the highly sought-after Cathedral Hill and Summit-University neighborhoods, you're just steps from Mississippi Market Co-op, popular restaurants, coffee shops, and boutique shopping, with quick access to I-94 and just minutes from downtown Saint Paul. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this distinctive property offers an exceptional opportunity in one of Saint Paul's most desirable historic neighborhoods.

588 Selby Avenue, Saint Paul

Listing courtesy of Edina Realty, Inc..

661 Payne Avenue, Saint Paul
$475,000
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.

258 Macalester Street, Saint Paul
$599,000
8 Beds ⋅ 5 Baths ⋅ 7071923 MLS
Nestled on one of the most charming, tree-lined streets in the heart of St. Paul's sought-after Macalester-Groveland neighborhood, this substantial duplex is a turnkey investor's dream. Just steps from Macalester College, this property checks every box — strong rents, virtually zero vacancy, and a location that practically markets itself. The duplex offers a combined 8 bedrooms and 5 bathrooms across two spacious units, providing flexible configurations ideal for student housing, young professionals, or a mix of both. Each unit features generous living spaces, ample natural light, and a functional layout that tenants love. The quiet, residential street strikes the perfect balance — peaceful enough to feel like home, yet walkable to campus, Grand Avenue's restaurants and shops, and easy freeway access. The numbers speak for themselves: this property has a proven track record of renting within days of listing and maintaining near-100% occupancy year after year. With Macalester's consistent enrollment and the perpetual demand for quality housing in this corridor, you're not just buying a property — you're buying a reliable income stream in one of St. Paul's most stable rental markets. Whether you're an experienced investor looking to expand your portfolio or a savvy first-time buyer seeking a high-performing asset, this duplex delivers the cash flow, location, and peace of mind you've been searching for. Opportunities like this don't last — and in this neighborhood, everyone already knows it.

258 Macalester Street, Saint Paul

Listing courtesy of Edina Realty, Inc..

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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.

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