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$400,000
Est. payment /mo
2,178 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,178 sqft
Price per Sqft $183
Subdivision Lyman Dayton Add
MLS Listing ID 6806727
Year Built 1870
Annual Tax Amount $8,662
Tax Year 2025
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 54 x 120
Property Sub-Type Quadruplex
Property Description
TURN 4-PLEX TO 5-UNIT APARTMENT! A well-maintained four-unit multifamily property in the historic Dayton's Bluff neighborhood with immediate value-add potential. This property currently features four fully leased units and an additional finished efficiency studio in the basement that can be legally registered as a fifth unit or used as an owner-occupied space. The opportunity to convert the lower-level studio into a legal fifth apartment offers investors an easy way to increase income and property value right away.
The property includes a main three-bedroom, one-bath unit, one studio unit, and two one-bedroom, one-bath units, each well cared for and consistently rented. The building has a total of approximately 2,200 finished square feet of livable space, including a finished basement with egress windows. With an effective year built of 1999, this property combines the character of its 1870 origins with the benefits of modern updates.
Tenants enjoy convenient access to downtown Saint Paul, Metropolitan State University, and major transit routes, making this a desirable location for long-term renters. The flat 0.15-acre lot provides a two-stall detached garage, driveway parking, and ample street parking. Utilities include city water and sewer, and the property is heated by forced-air natural gas.
Whether you're an investor looking to expand your portfolio or an owner-occupant seeking a property with strong cash flow potential, 337 Maria Avenue stands out as a rare find. With four income-producing units already in place and a ready-to-register fifth unit waiting to unlock even greater returns, this multifamily asset offers a mix of stability, upside, and prime location in one of Saint Paul's most promising neighborhoods.
Buyer agent to verify all measurements.
The property includes a main three-bedroom, one-bath unit, one studio unit, and two one-bedroom, one-bath units, each well cared for and consistently rented. The building has a total of approximately 2,200 finished square feet of livable space, including a finished basement with egress windows. With an effective year built of 1999, this property combines the character of its 1870 origins with the benefits of modern updates.
Tenants enjoy convenient access to downtown Saint Paul, Metropolitan State University, and major transit routes, making this a desirable location for long-term renters. The flat 0.15-acre lot provides a two-stall detached garage, driveway parking, and ample street parking. Utilities include city water and sewer, and the property is heated by forced-air natural gas.
Whether you're an investor looking to expand your portfolio or an owner-occupant seeking a property with strong cash flow potential, 337 Maria Avenue stands out as a rare find. With four income-producing units already in place and a ready-to-register fifth unit waiting to unlock even greater returns, this multifamily asset offers a mix of stability, upside, and prime location in one of Saint Paul's most promising neighborhoods.
Buyer agent to verify all measurements.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached, Gravel, On-Street Parking Only
Garage Spaces 2.0
Building
Story Two
Foundation 1778
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
School District St. Paul
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Listed by William Schultz • Keller Williams Premier Realty
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