1599 RICE STREET

1599 Rice Street, Saint Paul, 55117, MN

DETAILS

Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a .21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages. PROPERTY HIGHLIGHTS : Built in 2004 with modern amenities throughout Individual HVAC systems for each unit In-unit washer/dryer connections Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage 4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit) Excellent condition with minimal deferred maintenance Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: 5230 ft²

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: 5230ft²

  • Basement Details: None,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: N/A

  • Garage Spaces: 4

  • Construction Materials: N/A

  • Foundation Size: 4004ft²

  • Unit Amenities:

  • Heating System:

    • Forced Air

LOT

  • Acres: N/A

  • Lot Size Dim.: 75ft x 123ft x 75ft x 123ft

  • Longitude: 44.9894

  • Latitude: -93.1062

  • Zoning: Residential-Multi-Family

FINANCIAL & TAXES

  • Tax year: 2025

  • Tax annual amount: $12,228

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water - In Street

ADITIONAL INFORMATION

  • MLS#: NST7749553

  • Listing Brokerage: Real Broker, LLC Agency Icon

ID: 3714536
Published: May 29, 2025
Last Update: May 29, 2025
Views: 8