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$389,000

5 Beds 3 Baths 2,073 SQFT 0.11 Acres
Type: Multi-Family

787 Watson Avenue
Saint Paul, MN 55102

MLS#: 7131546
Matthew Wheeler
Matthew Wheeler
The Real Estate Advantage
Phone: 507.701.8963
Office: 651.272.4688
Presented by: JPW Realty

Property Description

 

This 1889-built duplex in St. Paul’s sought-after West 7th neighborhood, offers immediate income from day one with multiple ways to increase its earning potential. The vacant 3-bedroom, 1-bath lower unit is freshly updated with new flooring, paint, lighting and ceiling fans, ready for an owner-occupant or new tenant. Upstairs, an existing tenant is leased at $1,900/month through June 2027, helping offset your mortgage from day one. Here’s where it gets interesting. The upper level includes a 1-bedroom/1-bath + loft AND a separate studio with its own entrance and ¾ bath. After the lease ends, explore converting the studio into a conforming third unit by adding a kitchenette, plumbing, separate utilities and obtaining required City approvals. Prefer to rent the entire property? The lower unit has an estimated market rent of approximately $2,100/month, creating potential for roughly $4,000/month in combined gross rent in its current duplex configuration. Each unit has its own washer/dryer, and major improvements including the roof, water heater, sump pump and appliances. An oversized 24x19 detached 2-car garage with tall ceilings, a small office and additional storage potential adds even more flexibility. Located in West 7th with convenient access to downtown St. Paul, Xcel Energy Center, United Hospital, MSP Airport, Mississippi River recreation, dining and entertainment. House hack it. Rent both units. Explore a third unit. Maximize the garage. One property. Multiple ways to create income. Schedule your showing and see the possibilities for yourself.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,073 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet456
Laundry FeaturesIn Basement, Upper Level

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesPatio
CitySaint Paul
ContingencyNone
CountyRamsey
DirectionsSelby Ave on to Ayd Mill Rd. Exit onto Jefferson Ave and turn left. Right on Victoria St S, left on Watson Ave and the home will be on the left.
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income43200
HeatingBaseboard
High School DistrictSt. Paul
Insurance Expense1800
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area2,073 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income36720
New ConstructionNo
Number Of Units Total2
Operating Expense6480
OwnerPaysCommon Area Maintenance, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Repairs, Sewer, Trash Collection, Water
PostalCitySaint Paul
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameClarkes Add
Tax Annual Amount$7,336
Tax Year2026
Tenant PaysCable TV, Electricity, Telephone
Trash Expense0
Water Sewer Expense0
Year Built1889
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,501 sqft
Foundation Area1,190 sqft
Lot Dimensions36x120
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks
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

$389,000

5 Beds 3 Baths 2,073 SQFT 0.11 Acres
Type: Multi-Family

787 Watson Avenue
Saint Paul, MN 55102

MLS#: 7131546
Matthew Wheeler
Matthew Wheeler
The Real Estate Advantage
Phone: 507.701.8963
Office: 651.272.4688