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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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2506 7th Avenue E, North Saint Paul, MN 55109
$599,900
SQUARE FEET 3,600
MLS# 7065827
STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SCHOOL: North St Paul-Maplewood
Property Description
Exceptional investment opportunity in the heart of North St. Paul's vibrant and increasingly sought-after 'hipster district. This well-maintained duplex at 2506 7th Ave E offers both strong cash flow and long-term upside, currently generating approximately $40,000 in annual gross income with both units occupied.Rich in character and local history, this unique property was originally built in 1888 and served as the city's first city hall and fire department, offering a rare opportunity to own a true piece of North St. Paul's heritage.The standout feature is the 2506 unit, offering approximately 2,400 finished square feet, including a fully finished third level dedicated to an expansive primary suite. This versatile space provides flexibility for a variety of uses?whether as a luxurious private retreat, home office, creative studio, or additional living area to suit tenant needs.Both units offer comfortable living spaces with solid rental appeal, making this an ideal option for investors or owner-occupants looking to offset their mortgage with rental income.Located within walking distance to local restaurants, coffee shops, grocery stores, and everyday conveniences, this property delivers a unique blend of character, history, and accessibility that continues to attract strong tenant demand.With some additional cosmetic improvements to the exterior, this property presents a true 'diamond in the rough?an excellent opportunity for an owner-occupant or contractor to build immediate equity while capitalizing on the strong rental income already in place.Whether you're looking to expand your portfolio or secure a property with both income and upside, this duplex offers a compelling combination of location, flexibility, and historic significance. Rental rates currently below market.
Property Features
Property Type: Multi Unit - Multiple Basement: Full, Walkout Basement: Yes Garage: 2 Heating: Forced Air Lot Size: 0.21 Acres Roof Type: Age Over 8 Years, Asphalt Taxes: $8,942 Year Built: 1887
Feature Descriptions
Days on Site: 30
Foundation Size: 1200
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 75x90
Owners Expense: Exterior Maintenance, Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection
Parcel#: 122922420082
Parking: Attached Garage, Asphalt, Shared Driveway, Garage Door Opener
Road Frontage: City Street, Paved Streets, Sidewalks
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Fuel
Units: 2
Water: City Water/Connected
Local Schools
School District: North St Paul-Maplewood
Listed By / Shown By
Agency Name: eXp Realty
Agency Phone: 320-500-4397
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Estimated Payment
$ 4,113.06 per month
$3,192.92 Principal & Interest
$745.17 Property Tax
$174.97 Homeowner's Insurance
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2506 7th Avenue E | MLS# 7065827
This multi-family property located at 2506 7th Avenue E, North Saint Paul, MN 55109 is currently listed for sale with an asking price of $599,900. 7th Avenue E is located within the North St Paul-Maplewood school district. Search North Saint Paul real estate on nanderson.counselorrealty.com today.