49 Manitoba Avenue, Saint Paul, MN 55117
Lewis Add To, St Paul · Ramsey County
Key Facts
Description
These properties are investor-only and cannot be owner-occupied. **Phase 1 includes: 49 Manitoba Ave W, 89 Atwater St W, & 1003 N. Woodbridge St.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
Property Information
Property Type
Commercial Sale
Year Built
1887
Lot Size
0.11 acres
Lot Dimensions
IRREGULAR
Garage Spaces
3
Zoning
Residential-Multi-Family
Days on Market
2
MLS® Listing#
7065946
Property Features
Appliances
Cooling
Heating
Pool
Patio
Fencing
Lot Features
Sewer
Water Source
Financial Details
Annual Taxes
$3,571
Parcel Number
302922320098
Directions
University to Rice St. north to Manitoba Ave. east to home
Affordability Calculator
$176,000
Estimated monthly payment
$4,684/mo
Principal $704,000 · Est. interest $982,143 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Saint Paul, MN
- $343,457
- Median Listing Price
- 89
- Median Days on Market
- 1,787
- Median Sq Ft
- $193
- Median Price / Sq Ft
- 3,097
- Active Listings
- This home’s price is 156% above 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
Minnesota Math and Science Academy
School · 0.5 mi away
Wellstone Elementary School
Elementary · 0.5 mi away
Washington Middle School
Secondary · 0.5 mi away
Community School of Excellence
School · 0.6 mi away
Head Start
Elementary · 0.6 mi away
New Spirit Primary School
Elementary · 0.8 mi away
St Paul City School
Secondary · 0.8 mi away
Bruce F Vento Elementary
Elementary · 0.9 mi away
Crossroads Montessori
Elementary · 1.0 mi away
Jackson Preparatory Magnet School
School · 1.0 mi away
East African Elementary Magnet School
Elementary · 1.1 mi away
Community of Peace Academy
School · 1.1 mi away
Saint Agnes School
School · 1.2 mi away
City Academy
School · 1.2 mi away
Water Lily Montessori
Elementary · 1.3 mi away
Crosswinds Middle School
Secondary · 1.3 mi away
Alc on Track
Secondary · 1.3 mi away
Washington Tech Magnet School
Secondary · 1.3 mi away
Hope Community Academy
Elementary · 1.5 mi away
Christ's Household of Faith
School · 1.5 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1703 Anderlie Lane W, Saint Paul, MN | $619,000 | 4 | 4 | 2,700 |
| 5126 Nelmark Avenue NE, Saint Michael, MN | $619,000 | 5 | 4 | 3,074 |
| 1024 Ross Avenue, Saint Paul, MN | $619,000 | 9 | 5 | — |
| 9827 49th Place NE, Saint Michael, MN | $619,085 | 5 | 3 | 3,078 |
| 909 Dayton Avenue, Saint Paul, MN | $619,480 | 4 | 3 | 2,024 |
| 850 Mount Curve Boulevard H, Saint Paul, MN | $620,000 | 3 | 4 | 1,993 |
Moving Cost Estimate
EXIT Agents in Saint Paul
Listing Courtesy: Coldwell Banker Realty - 6516982481
Presented by: Thomas I Edelstein