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For Sale:  Saint Paul MLS# 7003900

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Active NEW!
$750,000
/mo Edit
Multi-family:  2 Stories
8 br • 8 ba • Built 2026
4,400 sqft • 0.135 acres
MLS# 7003900
612-201-2213
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    Property Description

    Prime development opportunity in Saint Paul! This 2.7-acre site, encompassing 17 city lots in the North End neighborhood, is pre-approved for a multi-family residential building. Options include a 50-unit apartment complex or a senior housing project with over 90 units, offering 79, 300 square feet of potential living space. Zoned RM2 (Medium Density Residential), the property comes with variances for parking, wetland use, and setbacks, with prior approvals and permits in place. This plan facilitates 4 larger units as a potential build. Soil tests and wetland delineations have been completed, and the design integrates a preserved wetland area as an amenity. Conveniently located near downtown Saint Paul, public transportation, and major amenities, this project is ready for immediate development. In addition to residential development, recent discussions have also considered self-storage as a viable option for this parcel, given the success and strong performance of nearby storage facilities. The existing zoning, along with previously approved variances and completed environmental work, could support a change in use or a rezoning application, subject to city approval. The preserved wetland feature offers an opportunity to design a visually appealing facility that incorporates green space, while the site's accessibility and central location position it well for steady demand in the self-storage market.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $750,000
    Price per sq ft: $170
    Property Type: Multi-family
    City: Saint Paul
    Garage Spaces: 4
    County: Ramsey
    Year Built: 2026
    State: MN
    Property Style: 2 Stories
    Zip Code: 55117
    Neighborhood/Area: 97
    Subdivision Name: Hagers Sub Of Lots, 1,

    Interior

    Bedrooms: 8
    Bathrooms: 8
    Finished Area: 4,400 ft2
    Living Area: 4,400 ft2
    Basement Details: Other

    Exterior

    Stories: Two
    Garage Spaces: 4
    Garage Size: 300 ft2
    Foundation Size: 1 ft2
    Handicap Accessible: Other
    Heating System: Other

    Lot & Land

    Acres: 0.135
    Geolocation: 44.983355, -93.102563
    Lot Dimensions: Irregular

    Schools

    School District: 2102
    District Phone: 6517678100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $190
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $190

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.