Pending
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Pending

$250,000

8 Beds 3 Baths 3,098 SQFT 0.11 Acres
Type: Pending

1489 Sherburne Avenue
Saint Paul, MN 55104

MLS#: 7141490
Cam Friedrich
Cam Friedrich
The Real Estate Advantage
Phone: 507.272.5507
Office: 952.898.5800
Presented by: RE/MAX Results

Property Description

 

Unique triplex investment opportunity! Why rent when you can own and have tenants help pay your mortgage? This versatile property features three electrical meters, two gas meters, and separate electrical panels, offering excellent potential for income generation. The main-floor kitchen was updated approximately 10 years ago, and the upper-level unit includes a kitchenette. With the addition of a full kitchen on the second floor, the upper level could function as a fully independent rental unit, creating even greater income potential. Tenants currently pay all utilities, including water, helping to maximize cash flow. The property also features beautiful original hardwood floors, classic leaded-glass windows, and a roof that was replaced approximately 15 years ago. Whether you're an owner-occupant looking to offset your housing costs or an investor seeking strong rental income, this property offers tremendous opportunity. It may also be well-suited for shared housing, room rentals, or other creative investment strategies. Excellent cash-flow potential!


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3,098 sqft
BasementFull, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet528
Laundry FeaturesIn Basement, Gas Dryer Hookup, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
CitySaint Paul
Construction MaterialsStone
ContingencyNone
CountyRamsey
Directions94 to N on 51/Snelling Ave, Right on Sherburne to home on the left
Electric150 Amp Service
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income66000
HeatingBoiler
High School DistrictSt. Paul
Insurance Expense3000
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,098 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income53000
New ConstructionNo
Number Of Units Total3
Operating Expense13000
OwnerPaysTaxes
Pool FeaturesNone
PostalCitySaint Paul
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusPending
Tax Annual Amount$10,062
Tax Year2026
Tenant PaysElectricity, Gas, Heat, Lawn Care, Other, Snow Removal, Trash Collection
Trash Expense0
Water Sewer Expense0
Year Built1911
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,098 sqft
FencingFull
Foundation Area1,144 sqft
Lot Dimensions40x125
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Road Frontage TypeCity Street, Curbs, Paved Streets
Road ResponsibilityPublic Maintained Road
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

$250,000

8 Beds 3 Baths 3,098 SQFT 0.11 Acres
Type: Pending

1489 Sherburne Avenue
Saint Paul, MN 55104

MLS#: 7141490
Cam Friedrich
Cam Friedrich
The Real Estate Advantage
Phone: 507.272.5507
Office: 952.898.5800