Property for Sale in Saint Paul
991 Wakefield Avenue
Saint Paul, MN 55106
Property Details
Year Built
1916
Parking Features
Detached Garage,Gravel,Asphalt,Shared Driveway,Other
Zoning
Residential-Multi-Family
2026 Property Taxes
$6,954
School District
St. Paul
County
Ramsey
These properties are investor-only and cannot be owner-occupied. **Phase 3 includes: 991 Wakefield Ave, 991 Hudson Rd, 982 Burr Ave, 856 Burr Ave, 686 Bradley 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.
West 7th to maria, east on hudson rd, north on forest
Features
Utilities
Electric Separate,Heating Separate
Cooling
Central Air,Wall Unit(s)
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
05/11/26 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.
