1607 Van Buren Avenue
Saint Paul, MN 55104
$549,500 - 93
3.99% Assumable FHA Mortgage Available (Buyer Must Qualify) | Price Reduced $5,000 | One Unit Vacant November 1st
Live in one unit and let the neighboring unit help pay your mortgage. With one unit becoming vacant on November 1st, this is a rare opportunity for a first-time homebuyer, owner-occupant, or house hacker to take advantage of an assumable 3.99% FHA mortgage while generating rental income from the adjacent unit.
Rare side-by-side duplex in St. Paul's Hamline-Midway neighborhood offering over 5,100 finished square feet, 8 bedrooms, and 4 bathrooms. Each unit lives like a single-family home with spacious multi-level layouts, private entrances, generous living areas, and abundant storage throughout.
The soon-to-be-vacant unit was recently marketed at approximately $2,600 per month and generated significant interest from prospective tenants, giving the next owner flexibility to either occupy the space or lease it at market rent.
Recent improvements include new appliances and other updates that support strong rental performance while preserving future value-add potential. Situated on a 6,100-square-foot lot, the property offers off-street parking and private outdoor space for residents.
Conveniently located near Allianz Field, the Green Line light rail, major universities, shopping, restaurants, and both downtown Minneapolis and downtown St. Paul, the property provides easy access to some of the Twin Cities' most desirable amenities and employment centers.
Whether your goal is to reduce your living expenses through owner-occupied investing, begin building a real estate portfolio, or acquire a large income-producing asset with attractive financing, this property offers flexibility, ...
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Listing Courtesy of: eXp Realty
224-688-0442
| Listing Id: | 7148007 |
|---|---|
| List Price: | $549,500 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex Side by Side |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 3,392 |
| Tax Annual Amount: | $7,132 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 93 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Hopkins Second Add To, St |
| Postal Code: | 55104 |
| Year Built: | 1909 |
| Number Of Units Total: | 2 |
| Above Grade Finished Area: | 2,100 |
| Accessibility Features: | None |
| Association Amenities: | None |
| Basement: | Yes |
| Basement: | Block, Daylight/Lookout Windows, Owner Access, Partial |
| Bathrooms Total Integer: | 4 |
| Below Grade Finished Area: | 1,292 |
| Building Area Total: | 5133 |
| Directions: | Head North off the Snelling exit on I94. Turn left after about 0.5 mi onto Van Buren |
| Electric Expense: | $776 |
| Foundation Area: | 1,292 |
| Fuel Expense: | 0 |
| Garage Spaces: | 4 |
| Gross Income: | $55,056 |
| Heating: | Boiler |
| High School District: | St. Paul |
| Insurance Expense: | $4,615 |
| Laundry Features: | In Unit |
| Levels: | More Than 2 Stories |
| Listing Contract Date: | 2026-09-21 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.142 |
| Lot Size Dimensions: | 150x60 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $855 |
| Manager Expense: | $1,908 |
| Net Operating Income: | $4,254 |
| Assessment Pending: | Unknown |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Electric, Natural Gas |
| Garage Square Feet: | 2000 |
| Income Misc Ann: | $2,400 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Rental License Type: | Standard |
| School District Number: | 625 |
| School District Phone: | 6517678100 |
| Tax With Assessments: | $7,132 |
| Operating Expense: | $14,582 |
| Other Expense: | $464 |
| Owner Pays: | None |
| Parcel Number: | 332923110007 |
| Parking Features: | Detached Garage |
| Postal City: | Saint Paul |
| Public Survey Range: | 23 |
| Public Survey Section: | 33 |
| Public Survey Township: | 29 |
| Road Responsibility: | Public Maintained Road |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2025 |
| Tenant Pays: | All Utilities |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Saint Paul |
| Above Grade Sq Ft Total: | 3841 |
| Below Grade Sq Ft Total: | 1292 |
| Main Level Finished Area: | 2100 |
| Patio Porch Type: | Deck, Front Porch, Rear Porch |
| For Sale Or Lease: | For Sale |
| Total Area: | 5,133 |
| Exterior Features: | Vinyl |
| Foundation Details: | Block |
| Rental License?: | Yes |
| School District Full Name: | 625 - St. Paul |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:16 PM - CT
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Property Last Updated: October 08, 2026 04:16 PM - CT
