Property for Sale in Saint Paul
242 Maria Avenue
Saint Paul, MN 55106

Price
$395,000

MLS #
7067414

Status
Active


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Property Details

Year Built
1885

Square Feet
2,936

Parking Features
On-Street Parking Only

Zoning
Residential-Multi-Family

2026 Property Taxes
$1,579

School District
St. Paul

County
Ramsey


These properties are investor-only and cannot be owner-occupied. **Phase 5 includes: 242/244 Maria Ave.** 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


East 3rd St to Maria Ave, South to Property


East 3rd St to Maria Ave, South to Property

Features


Utilities
Electric Separate,Heating Separate,Hot Water Separate

Heating
Forced Air

Sewer
City Sewer/Connected

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

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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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