Property for Sale in Saint Paul
49 Manitoba Avenue
Saint Paul, MN 55117
Property Details
Year Built
1887
Parking Features
Detached Garage,Asphalt,On-Street Parking Only
Zoning
Residential-Multi-Family
2026 Property Taxes
$3,571
School District
St. Paul
County
Ramsey
These properties are investor-only and cannot be owner-occupied. **Phase 1 includes: 49 Manitoba Ave W, 89 Atwater St W, & 1003 N. Woodbridge St.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
University to Rice St. north to Manitoba Ave. east to home
Features
Utilities
Electric Separate,Heating Separate
Cooling
Central Air
Heating
Forced Air,Other
Sewer
City Sewer - In Street
Water
Public
Foundation
Block
Additional Info
Includes
Range,Refrigerator
Listed By
Thomas Edelstein of Coldwell Banker Realty
Listed
05/05/26 and last updated 05/27/26
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.
