20
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$449,900
Est. payment /mo
6 Beds
3 Baths
2,846 SqFt
New
1049 Gorman AVE West Saint Paul, MN 55118
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,846 sqft
Price per Sqft $158
Subdivision Michel B Add
MLS Listing ID 7156355
Bedrooms 6
Year Built 1941
Annual Tax Amount $5,518
Tax Year 2026
Contingent None
Lot Size 6,969 Sqft
Lot Dimensions 50x140
Property Sub-Type Triplex
Property Description
Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separate
living spaces with excellent income potential.
Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant.
Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption.
Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential.
The spacious main-level unit features 2 bedrooms, a dining room, private laundry and central air-perfect
for an owner-occupant. Live comfortably on the main level while generating rental income from the other
two units.
The upper-level unit features 3 bedrooms, plus additional attic space for storage. The lower-level unit offers 1 bedroom, kitchen, bathroom, dining room and living room, providing another source of rental income. Laundry shared for Upper and Lower unit. The exterior features low-maintenance vinyl siding and a 2-car garage. A great opportunity to live in one unit while the other units help offset your housing costs-or add a solid multi-unit property to your investment portfolio.
living spaces with excellent income potential.
Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant.
Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption.
Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential.
The spacious main-level unit features 2 bedrooms, a dining room, private laundry and central air-perfect
for an owner-occupant. Live comfortably on the main level while generating rental income from the other
two units.
The upper-level unit features 3 bedrooms, plus additional attic space for storage. The lower-level unit offers 1 bedroom, kitchen, bathroom, dining room and living room, providing another source of rental income. Laundry shared for Upper and Lower unit. The exterior features low-maintenance vinyl siding and a 2-car garage. A great opportunity to live in one unit while the other units help offset your housing costs-or add a solid multi-unit property to your investment portfolio.
Location
State MN
County Dakota
Rooms
Basement Block, Finished, Kitchenette
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Building
Story Two
Foundation 1166
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District West St. Paul-Mendota Hts.-Eagan
Listed by JoAnn White • Ashworth Real Estate
NEARBY SCHOOL & BUSINESS
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