337 Maria Avenue, Saint Paul, MN 55106
Lyman Dayton Add · Ramsey County
Key Facts
Description
elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building. The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies. For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset. The building offers approximately 2,200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability. Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential. Buyer agent to verify all measurements.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
(MF) Four Plex
Year Built
1870
Stories
2
Living Area
5,334 sq ft
Lot Size
0.15 acres
Lot Dimensions
54x120
Garage Spaces
2
Zoning
Residential-Multi-Family
Days on Market
8
MLS® Listing#
7063192
Property Features
Heating
Basement
Foundation
Sewer
Water Source
Financial Details
Annual Taxes
$8,662
Parcel Number
322922420013
Directions
94 W to Mounds Blvd, take to Kellogg/Third Street, take left on Maria
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $280,000 · Est. interest $390,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Saint Paul, MN
- $342,600
- Median Listing Price
- 90
- Median Days on Market
- 1,781
- Median Sq Ft
- $193
- Median Price / Sq Ft
- 3,084
- Active Listings
- This home’s price is 2% above the area median.
- Its price per sq ft is 66% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Saint Paul, MN.
Location
Points of Interest in Saint Paul, MN
Showing the Saint Paul area map.
Nearby Schools
Early Education Daytons Bluff
School · 0.2 mi away
Dayton's Bluff Ecfe Advisory Council
School · 0.2 mi away
Dayton's Bluff Elementary School
Elementary · 0.3 mi away
Step Academy
School · 0.4 mi away
St John Lutheran School
School · 0.4 mi away
Hope Community Academy
Elementary · 0.5 mi away
Bethlehem Lutheran Church LCMS
Elementary · 0.6 mi away
American Indian Magnet School
Elementary · 0.8 mi away
Early Ed John A. Johnson
School · 0.9 mi away
Water Lily Montessori
Elementary · 0.9 mi away
Minnesota School Employees Association
School · 1.0 mi away
City Academy
School · 1.0 mi away
Farnsworth Aerospace Upper
Secondary · 1.1 mi away
Bruce F Vento Elementary
Elementary · 1.2 mi away
Creative Arts Secondary School
Secondary · 1.2 mi away
Paul & Sheila Wellstone Es
School · 1.2 mi away
Head Start
Elementary · 1.2 mi away
Community of Peace Academy
School · 1.4 mi away
Txuj Ci Hmong Language and Culture Lower Campus
Elementary · 1.4 mi away
Concordia Creative Learning Academy
School · 1.5 mi away
Commute Calculator
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|---|---|---|---|---|
| 658 Edmund Avenue, Saint Paul, MN | $245,000 | 5 | 2 | 2,373 |
| 46 Winnipeg Avenue, Saint Paul, MN | $245,000 | 4 | 1 | 1,200 |
| 454 Michigan Street, Saint Paul, MN | $245,000 | 3 | 1 | 1,154 |
| 2396 Clearwater Road, Saint Cloud, MN | $245,000 | 4 | 2 | 1,912 |
| 5050 147th Street W, Saint Paul, MN | $245,000 | 3 | 2 | 1,222 |
| 1277 Wilson Avenue, Saint Paul, MN | $245,000 | 3 | 2 | 1,345 |
Moving Cost Estimate
EXIT Agents in Saint Paul
Listing Courtesy: Keller Williams Premier Realty - 6513795252
Presented by: William Schultz