Active
262 4th Street E
Saint Paul MN, 55101
$2,750,000
$61.90 per sqft
Active
44,423 sqft
Commercial
Built in 1906
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41
units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist
loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the
best downtown spots. Tenants pay utilities through RUBs. All apt leases are MTM. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.
6504943
MLSⓇ ID
April 2, 2024
Listed
May 9, 2024
Updated
Map
262 4th Street E
Saint Paul MN, 55101
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Public Transit (w/in 6 blks)
Roof
Age 8 Years or Less, Flat, Pitched, Rubber
Sewer
City Sewer/Connected
School Information
School District
St. Paul
Other Property Details
Taxes
$46,362
Tax Frequency
Annually
Days on Market
7
Association Amenities
Coin-op Laundry Leased, Concrete Floors & Walls, Elevator(s), Fire Sprinkler System
Garage
No
Parking
On-Street Parking Only, More Parking Onsite for Fee
View
No
County
Ramsey
Water Source
City Water/Connected
Pool
No
Buyer Agency Compensation
2%
Courtesy of Keller Williams Integrity RE
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cari Ann Carter Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Northstar MLS. All rights reserved.
Data last updated 7:37 AM UTC, 5/9/2024
