894 Beech ST Saint Paul, MN 55106
4 Beds
2 Baths
1,310 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,310 sqft
Price per Sqft $154
Subdivision Robert P Lewis Sub B106 Lyman
MLS Listing ID 7121139
Bedrooms 4
Year Built 1885
Annual Tax Amount $4,646
Tax Year 2026
Contingent None
Lot Size 4,878 Sqft
Lot Dimensions 40x125
Property Sub-Type Duplex Up and Down
Property Description
The duplex features a rare main-floor three-bedroom, one-full-bath unit and an upper-level one-bedroom, one-bath unit. The newly renovated main-floor unit will be vacant at closing, giving the buyer the option to move in or select a tenant and establish a new lease at current market rent.
The upper unit is occupied by the same long-term tenant of more than 15 years at $810 per month, providing rental income from day one. The seller estimates market rent for the main-floor three-bedroom unit at $1,800–$2,000 per month. At full occupancy, projected gross income is $2,610–$2,810 per month, or $31,320–$33,720 annually. The seller projects a cap rate of approximately 14%+ at the current asking price. Buyers and agents should independently verify rents, expenses, and financial projections.
Recent improvements include a complete renovation of the main-floor kitchen with new cabinets and flooring in 2025, a newer roof and boiler installed in 2020, and lower-level windows replaced in 2019.
Additional features include hardwood floors, a formal dining room, in-unit laundry, a newer deck, a private landscaped backyard, a two-car detached garage, and two additional parking spaces.
Motivated seller seeking a quick close.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Hot Water
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Fence Chain Link, Privacy
Roof Type Age 8 Years or Less,Asphalt,Metal,Pitched
Building
Lot Description Public Transit (w/in 6 blks), Zero Lot Line
Story One and One Half
Foundation 800
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
New Construction false
Schools
School District St. Paul