890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
890 Payne AVE, Saint Paul, MN 55130
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Meta Realty

Meta Realty

Meta Realty

+1(952) 243-0037
$560,000
Est. payment /mo
3 Beds
4 Baths
2,395 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Chas Weides Sub Of B34 Arling

MLS Listing ID 6808073

Bedrooms 3

Year Built 1888

Annual Tax Amount $8,726

Tax Year 2025

Contingent None

Lot Size 2,395 Sqft

Lot Dimensions 38 x 70

Property Description

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).

Location

State MN

County Ramsey

Zoning Business/Commercial

Interior

Heating Boiler

Inclusions Land

Fireplace No

Exterior

Parking Features On-Street Parking Only, Parking Lot

Utilities Available None Available

Present Use Laundromat,Residential

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District St. Paul

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Listed by William Schultz • Keller Williams Premier Realty

Questions about this property?

Meta Realty
Meta Realty

Brokerage | License ID: 40908061

+1(952) 243-0037 | info@metarealtymn.com

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890 Payne AVE

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