661 PAYNE AVENUE
661 Payne Avenue, Saint Paul, 55130, MN
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Price: $499,999
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Status type: For Sale
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City: Saint Paul
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Neighborhood: 98
Bedrooms: 4
Property Size :2600
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Listing Agent: NST11236,NST519935
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Property type : Fourplex
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Zip code: 55130
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Street: 661 Payne Avenue
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Street: 661 Payne Avenue
Bathrooms: 4
Year: 1884
Listing Brokerage: Keller Williams Integrity Realty
DETAILS
A strong investment opportunity in one of Saint Paul’s high-demand rental corridors. This newly renovated 4-unit mixed-use property sits on a rare double lot and offers excellent cash flow potential with additional upside through below-market rents. The property is Section 8 approved and enrolled in the City of Saint Paul’s 4-D Affordable Housing Program, providing valuable property tax reductions and long-term affordability incentives. The asset features a versatile mixed-use zoning configuration that includes both a commercial garage space and a traditional residential garage, creating flexibility for owner-operators, small businesses, contractors, storage income, workshop use, or additional tenant amenities. Investors also have the option to maintain the property as a fully residential income-producing asset. The building has undergone substantial renovations and stabilization, making it a turnkey opportunity for investors seeking immediate cash flow with long-term appreciation potential. Spacious units, strong rental demand, and flexible lease structures provide multiple operational strategies for future ownership. The oversized lot includes a shared backyard with patio space, green space, and garden potential, adding lifestyle appeal for tenants. Located along the vibrant Payne Avenue corridor, the property is walkable to neighborhood staples including Yarusso Bros, Minnesota Music Cafe, local restaurants, retail, parks, and the Bruce Vento Regional Trail. Motivated seller. Excellent opportunity for investors seeking a stabilized multifamily asset with mixed-use flexibility, tax advantages, and future upside in a rapidly improving East Saint Paul market.
INTERIOR
Bedrooms: 4
Fin ft² / Living Area: 2600 ft²
Below Ground Living: N/A
Bathrooms: 4
Above Ground Living: 2600ft²
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Basement Details: Block,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: 4
Construction Materials: N/A
Foundation Size: 1300ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 35x146
Longitude: 44.9614
Latitude: -93.0766
Zoning: Business/Commercial,Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $2,466
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7897080
Listing Brokerage: Keller Williams Integrity Realty
ID: 4884489
Published: May 29, 2026
Last Update: May 29, 2026
Views: 28
