Active

262 4th Street E

Saint Paul MN, 55101

$2,750,000


$61.90 per sqft

Active

44,423 sqft

Commercial

Built in 1906

Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41
units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist
loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the
best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.

6504943

MLS ID

April 2, 2024

Listed

November 22, 2024

Updated

Map

262 4th Street E
Saint Paul MN, 55101

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Public Transit (w/in 6 blks)


Roof

Age 8 Years or Less, Flat, Pitched, Rubber


Sewer

City Sewer/Connected

School Information

School District

St. Paul

Other Property Details

Taxes

$46,362


Tax Frequency

Annually


Days on Market

7


Association Amenities

Coin-op Laundry Leased, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System


Garage

No


Parking

On-Street Parking Only, More Parking Onsite for Fee


View

No


County

Ramsey


Water Source

City Water/Connected


Pool

No

 

Courtesy of Keller Williams Integrity RE

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Grey Duck Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 7:21 AM UTC, 11/22/2024

Powered byLuxury Presence