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$275,000

2 Beds 2 Baths 1,552 SQFT 0.11 Acres
Type: Multi-Family

768 Lafond Avenue
Saint Paul, MN 55104

MLS#: 7140536
Nick Jenkins
Nick Jenkins
The Real Estate Advantage
Agent
Phone: 952.288.7576
Office: 651.272.4688
Presented by: Kris Lindahl Real Estate

Property Description

 

INVESTORS—STOP SCROLLING! Two-unit income property with both units rented, including a nearly 30-year tenant, plus newer roof/windows and brand-new exterior paint. Strong rental history + established tenants + FHA-friendly = a smart addition to any investment portfolio. This is the type of investment buyers look for—established rental history, minimal turnover, and a property you can start earning from immediately. The upper-level unit has been occupied by the same tenant for nearly 30 YEARS, providing exceptional stability and a proven rental history. The lower-level unit is updated and well-maintained, featuring fresh paint, modern kitchen, in-unit laundry, upgraded bathroom, and new kitchen flooring, while retaining charming original character. Brand-new exterior paint, newer roof and windows, and a 2-car garage add to the property's appeal and help minimize future maintenance concerns. Tenants pay gas and electric, manage lawn care and snow removal, and share the garage. FHA buyer friendly! Whether you're an experienced investor expanding your portfolio or looking for your first income property, this duplex offers the opportunity to build equity while collecting rental income from day one. And the location delivers: just blocks from light rail and bus lines, restaurants, entertainment, and Ryan Park. Two units. Two established tenants. Strong rental history. Recent improvements. Excellent location. Don't overlook this opportunity to add a solid, income-producing property to your portfolio!


 

Interior Features

Bedrooms

Total Bedrooms2

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,552 sqft
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Dimensions22x20
Garage Square Feet440
Laundry FeaturesMain Level

General

AccessibilityNone
Additional Parcels Y/NNo
CitySaint Paul
ContingencyNone
CountyRamsey
DirectionsDale St. to Lafond Ave. West to property
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income26400
HeatingBoiler
High School DistrictSt. Paul
Insurance Expense2475
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,552 sqft
Lot Size UnitsAcres
MaintenanceExpense300
New ConstructionNo
Number Of Units Total2
Operating Expense6000
OwnerPaysRepairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
PostalCitySaint Paul
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameChute Brothers Division, No 12
Tax Annual Amount$4,444
Tax Year2026
Tenant PaysCable TV, Electricity, Gas
Trash Expense661
Water Sewer Expense1224
Year Built1886
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,382 sqft
Foundation Area832 sqft
Lot Dimensions40x126
Lot FeaturesPublic Transit (w/in 6 blks), Railroad Access
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

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$275,000

2 Beds 2 Baths 1,552 SQFT 0.11 Acres
Type: Multi-Family

768 Lafond Avenue
Saint Paul, MN 55104

MLS#: 7140536
Nick Jenkins
Nick Jenkins
The Real Estate Advantage
Agent
Phone: 952.288.7576
Office: 651.272.4688