For Sale Property MLS# 7115880

738 Magnolia Avenue E

Saint Paul, MN 55106

$420,000

northstar-of-minnesota-regional-multiple-listing-service-of-minnesota-inc-rsd logo

About 738 Magnolia Avenue E

TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a "single family home". All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID. In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come. For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep. Fully rented now, and with tenants paying utilities, what sets this property apart is its built-in versatility and turnkey readiness. The combination of a duplex and single-family residence on one parcel creates diversified income streams, enhanced privacy for residents, and potential for various living arrangements—such as multi-generational housing or house-hacking. Whether you’re an investor looking for a proven, low-maintenance cash-flow asset with strong rental demand or a buyer wanting income to offset a mortgage, 738 Magnolia/1073 Walsh stands out as a thoughtfully updated, resilient property with a track record of success.

Property details

Property

Type
Other
MLS type
Other
Status
Active
Year built
1906
Stories
More Than 2 Stories
Living area
3,301 sqft
Price / sqft
$127
Lot
0.11
Original price
$420,000
MLS #
7115880

Interior

Features
Boiler, In Basement, Full, Unfinished
Heating
Boiler
Laundry
In Basement

Exterior & lot

Features
Shakes, Stucco
Construction
More Than 2 Stories, Other
Foundation
Other
Lot
292922140034

Schools

District
St. Paul Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$11,000
Tax year
2026
Parcel
292922140034

Location

Subdivision
Arlington Hills Add B40&45-49
County
Ramsey
Neighborhood
Payne-Phalen
Community
Ramsey, City Street, Coin-op Laundry Owned, Patio, Porch, northstar, St. Paul
Directions
Payne Ave to Magnolia, East to corner of Walsh St. 738 Magnolia is on the corner, 1073 Walsh is around the corner.

Location

Neighborhood
Payne-Phalen
Subdivision
Arlington Hills Add B40&45-49
School district
St. Paul Public School District

Ask about this property

Questions on 738 Magnolia Avenue E, Saint Paul, MN 55106, or want to see it in person?

Listed by Dennis D Kuchenmeister, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.