MLS: #7068786, Listed By: Hosie Thurmond, Keller Williams Realty Integrity Lakes, Source:FargoMoorhead Area Association of REALTORS
661 Payne Avenue
Saint Paul, MN 55130
4
Bed
4
Bath
2,600Sqft
0.12Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Block, Concrete -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1884 Building Area Total: 3900 Construction Materials: Block Stories: 2 Patio And Porch Features: Enclosed, Porch Private Pool: No
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Lot Information
Lot Dimensions: 35x146 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2 Lot Description: Corner Lot, Near Public TransitProperty Information
Subdivision: Phillips Add Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 142
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Listing Price Information
Listing Price: $499999 Cash, Conventional, FHA
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Tax Information
Parcel Number: 322922210016 Annual Tax: $2466
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Parking Information
Heated Garage, Storage, GarageGarage Information
Has Garage: Yes Garage Space: 4
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Location Information
Direction: General sense of location: About 5–7 minutes from downtown Saint Paul Near Swede Hollow Park and the Bruce Vento Trail In a dense mixed residential/commercial corridor on Payne Ave Easy access from I-94 using the Mounds Blvd or Arcade exits. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1092 Edgerton Street, Saint Paul, MN, 55130 | $274,900 | 6 | 2 | 2,480 | 2,480 SqFt |
| 1067 Jessie Street, Saint Paul, MN, 55130 | $259,000 | 4 | 3 | 2,190 | 2,190 SqFt |
| 914 Burr Street, Saint Paul, MN, 55130 | $425,000 | 5 | 4 | 2,816 | 2,816 SqFt |
| 489 Whitall Street, Saint Paul, MN, 55130 | $234,900 | 4 | 2 | 1,421 | 1,421 SqFt |
| 955 Burr Street, Saint Paul, MN, 55130 | $220,000 | 5 | 2 | 1,767 | 1,767 SqFt |
| 861 Burr Street, Saint Paul, MN, 55130 | $455,000 | 8 | 4 | 5,496 | 5,496 SqFt |
| 701 Desoto Street, Saint Paul, MN, 55130 | $249,000 | 6 | 2 | 1,519 | 1,519 SqFt |
Similar Multifamily To 661 Payne Avenue
Nearby For Sale
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ByOwner last updated this listing 06/11/2026 @ 22:31
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