Property for Sale in Saint Paul
890 Payne Avenue
Saint Paul, MN 55130

Price
$560,000

MLS #
6808073

Status
Active


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Property Details

Year Built
1888

Parking Features
On-Street Parking Only,Parking Lot

Zoning
Business/Commercial

2025 Property Taxes
$8,726

School District
St. Paul

County
Ramsey


890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).


94 to Mounds Blvd, To 7th St E, To Payne Ave


94 to Mounds Blvd, To 7th St E, To Payne Ave

Features


Utilities
None Available

Heating
Boiler

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
William Schultz of Keller Williams Premier Realty

Listed
03/04/26 and last updated 03/07/26

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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