890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
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Tami Biegert

Tami Biegert

+1(612) 718-3876
$ 560,000
Est. payment | /mo

3 Beds

4 Baths

2,395 Sqft Lot

Save
$ 560,000
Est. payment | /mo
Save

3 Beds

4 Baths

2,395 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Chas Weides Sub Of B34 Arling

MLS Listing ID 6808073

Bedrooms 3

Year Built 1888

Annual Tax Amount $8,726

Tax Year 2025

Contingent None

Lot Size 2,395 Sqft

Lot Dimensions 38 x 70

Property Description

890 Payne Ave is a value-add mixed-use opportunity in Saint Paul's Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).

Location

State MN

County Ramsey

Zoning Business/Commercial

Interior

Heating Boiler

Inclusions Land

Fireplace No

Exterior

Parking Features On-Street Parking Only, Parking Lot

Utilities Available None Available

Present Use Laundromat,Residential

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District St. Paul

Listed by William Schultz • Keller Williams Premier Realty

Schools and Properties Nearby

Tami Biegert

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(612) 718-3876

tami@tamibiegert.com

10904 57th St NE, Albertville, MN, 55301-4654, USA

Learn More About LPT Realty

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890 Payne AVE