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$525,000

7 Beds 8 Baths 6,426 SQFT 0.23 Acres
Type: Commercial

940 3rd Street E
Saint Paul, MN 55106

MLS#: 7018248
Brian Leneweaver
Brian Leneweaver
The Real Estate Advantage
Real Estate Advisor
Phone: 612.208.3859
Office: 763.755.1100
Presented by: MRG Realty Partners, LLC

Property Description

 

940 3rd St E is a 7-unit multifamily property located in St. Paul, MN; currently fully occupied. The unit mix includes 2-bedroom, 1-bedroom, and studio units. The building is enrolled in the St. Paul 4d Affordable Housing Incentive Program, which can reduce property taxes by up to 80%. Recent improvements include a new hot water heater (2025), complete basement workshop area cleanout, drywall repairs in stairwells, and unit updates throughout.

 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths8

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces0
CitySaint Paul
ContingencyNone
CoolingWall Unit(s), Window Unit(s)
CountyRamsey
Current UseResidential
DirectionsTake I-94 eastbound to Mounds Blvd, take a left onto 3rd St E and the property is on the right.
Electric Expense1130
Fuel Expense5165
Garage Spaces0
Gross Income80808
HeatingBoiler
High School DistrictSt. Paul
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total7
OwnerPaysGas, Insurance, Taxes, Trash Collection, Water
PostalCitySaint Paul
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJoseph Arths Sub Of B85 Lyman
Tax Annual Amount$2,235
Tax Year2026
Tenant PaysElectricity
Trash Expense1970
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense3369
Year Built1897
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,426 sqft
Foundation Area2,142 sqft
InclusionsBuilding, Land
Lot Dimensions120' x 80'
Lot Size Area0 sqft
Parking FeaturesGravel
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$525,000

7 Beds 8 Baths 6,426 SQFT 0.23 Acres
Type: Commercial

940 3rd Street E
Saint Paul, MN 55106

MLS#: 7018248
Brian Leneweaver
Brian Leneweaver
The Real Estate Advantage
Real Estate Advisor
Phone: 612.208.3859
Office: 763.755.1100

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