$649,900

616 Ivy Avenue E, Saint Paul MN, 55101

Price per sqft$97.61

Built in1959

Property size6,658 sqft

Property typeCommercial

Courtesy of RE/MAX Results, Lars Anderson Listing Contact:

Overview

Active

Listed Aug 21, 2026

Updated Sep 5

Seven-unit apartment building in Saint Paul's Payne-Phalen neighborhood, built 1959, approximately 4,800 SF on an RM2 lot. All units are 1BR/1BA. Two units have been renovated by current ownership. Rear off-street parking pad installed, shared coin laundry, basement storage and an exterior shed. Seller has installed a new 200 amp electrical panel as of April 2025 in the laundry room for the entire building and all work was permitted. Very clean building with room to increase rents to market. Unit #1 has an approved Section 8 tenant moving in 10/31/26, and the remaining units could also pursue Section 8 approval if the next owner chooses that route. Unit 3 is vacant and being marketed at $1,150 to both section-8 and non-section-8 renters.

Additional information

MLS^® ID: 7127470

Interior Features

Bedrooms: 7
Bathrooms: 7
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.25 Acres

Other Property Details

Taxes: $11,758
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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