1599 Rice Street, Saint Paul, Minnesota 55117

MN, Saint Paul
$810,000
  • 14 Beds
  • 6 Bath
  • Residential Income Property Type
  • 2004 Year Built
  • Active Status
See All 75 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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)

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6728027
  • Price: $810,000
  • Year Built: 2004
  • Listing Status: Active
  • Office Name: Real Broker, LLC
  • Property Sub Type: Quadruplex
Features
  • Heating System Forced Air
  • Basement None
  • Parking Attached Garage
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Ramsey
  • City Saint Paul
  • Zipcode 55117
  • Street: Rice
  • Street Number: 1599
  • Street Suffix: Street
  • Directions: On the west side of Rice Street between Iowa Ave and E wheel lock Pky
Neighborhood
  • High School District: St. Paul
MLS Addon
  • Office Name: Real Broker, LLC
Additional Information
  • Water Source: City Water - In Street
  • Accessibility Features: None
  • Building Size: 5230
  • Garage: 4
  • Levels: Two
  • Lot Size Dimensions: 75ft x 123ft x 75ft x 123ft
  • Number Of Units Total: 4
Financial
  • Tax Annual Amount: 12228
Listing Information
  • Co List Agent Mls Id: 506001437
  • Co List Office Name: Real Broker, LLC
  • List Agent Mls Id: 502266461
  • List Office Mls Id: 200018
  • Modification Timestamp: 2025-12-18T19:01:05Z
  • Originating System Name: NorthStar
Mortgage Calculator
$
$ %
years
%
$ % per year
$ %per year
$