Home for Sale in Saint Paul
1599 Rice Street
Saint Paul, MN 55117
Property Details
No. of Units
4
Year Built
2004
Square Feet
5,230
Acres
0.21
2025 Property Taxes
$12,228
School District
St. Paul
County
Ramsey
Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a .21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages. PROPERTY HIGHLIGHTS : Built in 2004 with modern amenities throughout Individual HVAC systems for each unit In-unit washer/dryer connections Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage 4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit) Excellent condition with minimal deferred maintenance Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)
Unit Information
Unit 1
Unit 2
Unit 3
Unit 4
Features
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
David Kampmeyer of Real Broker, LLC
Listed
05/29/25 and last updated 05/30/25

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