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738 Magnolia Avenue E, Saint Paul, MN 55106

$420,000
SQUARE FEET 3,301
MLS# 7115880
  • 738 Magnolia Avenue E, Saint Paul, MN 55106 Main Photo

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STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Arlington Hills Add B40&45-49
SCHOOL: St. Paul

Property Description

TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a single family home. All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID. In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come. For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep. Fully rented now, and with tenants paying utilities, what sets this property apart is its built-in versatility and turnkey readiness. The combination of a duplex and single-family residence on one parcel creates diversified income streams, enhanced privacy for residents, and potential for various living arrangements?such as multi-generational housing or house-hacking. Whether you're an investor looking for a proven, low-maintenance cash-flow asset with strong rental demand or a buyer wanting income to offset a mortgage, 738 Magnolia/1073 Walsh stands out as a thoughtfully updated, resilient property with a track record of success.

738 Magnolia Avenue E | MLS# 7115880

This multi-family property located at 738 Magnolia Avenue E, Saint Paul, MN 55106 is currently listed for sale with an asking price of $420,000. Magnolia Avenue E is located within the St. Paul school district. Search Saint Paul real estate on www.counselorrealtyalex.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Heating: Boiler
Lot Size: 0.11 Acres
Taxes: $11,000
Year Built: 1906

Feature Descriptions

Days on Site: 43
Foundation Size: 1674
Lot Dimensions: 40x125
Parcel#: 292922140034
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas, Heat
Units: 3
Water: City Water/Connected

Local Schools

School District: St. Paul

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 651-484-8800

Shown By

Agency Title: Counselor Realty - Alexandria
Agency Phone: (320) 762-1111

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Estimated Payment

$ 3,274.58 per month $2,235.42 Principal & Interest $916.67 Property Tax $122.50 Homeowner's Insurance

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