Property for Sale in Saint Paul
402 Hope Street
Saint Paul, MN 55106
Property Details
Year Built
1887
Square Feet
41,826
Parking Features
Attached Garage,Asphalt,Shared Driveway,On-Street Parking Only,Other,Parking Lot,Open
Zoning
Residential-Multi-Family
2026 Property Taxes
$23,056
School District
St. Paul
County
Ramsey
991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. 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.
Mounds Blvd to 6th-East to Hope-North to property.
Features
Utilities
Electric Separate,Heating 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
05/08/26 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.
