337 Maria Avenue, Saint Paul, MN, 55106

Sold

Address

337 Maria Avenue, Saint Paul, MN

Listing Type

Multi-Family

Price

$ 307,500

Property Attributes

ID#7063192
TypeMulti-Family
Listing Status Sold
CountyRAMSEY
CitySaint Paul
AreaLyman Dayton Add
NeighborhoodLyman Dayton Add
Zip55106
StyleFourplex
Year Built1870
Taxes$ 8662
Price$ 307,500
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sqr Footage2178
Lot Size0.151 Acres

Data Source:

Northstar MLS (NSTAR)

Property Description

elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building. The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies. For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset. The building offers approximately 2,200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability. Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential. Buyer agent to verify all measurements.

Price History

General Features

Tenant Pays	Electricity
Year Built	1870
Trash Expense	1016
Additional Parcels Y/N	No
Net Operating Income	28824
Accessibility	None
Levels	Two
New Construction	No
Lot Size Units	Acres
Operating Expense	21852
PostalCity	Saint Paul
Lender Owned	No
Contingency	None
Insurance Expense	3574
County	Ramsey
Close Price	307500
Water Sewer Expense	2748
Gross Income	47676
OwnerPays	Gas,Insurance,Taxes,Trash Collection,Water
Property Type	Residential Income
Sewer	City Sewer/Connected
Tax Year	2025
Fuel Expense	5836
High School District	St. Paul
Standard Status	Closed
City	Saint Paul
Garage Spaces	2
Tax Annual Amount	8662
Heating	Forced Air
Property Subtype	Fourplex
Living Area	2178
Directions	94 W to Mounds Blvd,take to Kellogg/Third Street,take left on Maria
Land Lease Y/N	No
Number Of Units Total	4
Subdivision Name	Lyman Dayton Add
Zoning Description	Residential-Multi-Family

Interior Features

Above Grade Finished Area	1778
Basement (Y/N)	Yes
Total Bedrooms	4
Garage Square Feet	400
Total Baths	4
Basement	Egress Window(s),Partially Finished
Below Grade Finished Area	400
Garage Dimensions	20x20
Fuel	Natural Gas

Exterior Features

Foundation Area	1778
Street Name	Maria
Lot Size Area	0.151
@odata.id	https://api.mlsgrid.com/v2/Property('NST7892152')
Street Suffix	Avenue
Lot Dimensions	54x120
Parking Features	Detached Garage,Asphalt
Building Area Total	5334
Days on Market	108
Water Source	City Water/Connected
Waterfront Y/N	No