337 Maria Avenue
Saint Paul, MN 55106
$307,500 - 90
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 ...
Listing Courtesy of: Keller Williams Premier Realty
651-216-6814
Buyer Represented by: Keller Williams Premier Realty
| Listing Id: | 7063192 |
|---|---|
| List Price: | $350,000 |
| Close Price: | $307,500 |
| Close Date: | 2026-09-21 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Closed |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 2,178 |
| Tax Annual Amount: | $8,662 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 90 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Lyman Dayton Add |
| Postal Code: | 55106 |
| Year Built: | 1870 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 1,778 |
| Accessibility Features: | None |
| Basement: | Yes |
| Basement: | Egress Window(s), Partially Finished |
| Bathrooms Total Integer: | 4 |
| Below Grade Finished Area: | 400 |
| Building Area Total: | 5334 |
| Directions: | 94 W to Mounds Blvd, take to Kellogg/Third Street, take left on Maria |
| Foundation Area: | 1,778 |
| Fuel Expense: | 5836 |
| Garage Spaces: | 2 |
| Gross Income: | $47,676 |
| Heating: | Forced Air |
| High School District: | St. Paul |
| Insurance Expense: | $3,574 |
| Levels: | Two |
| Listing Contract Date: | 2026-04-27 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.151 |
| Lot Size Dimensions: | 54x120 |
| Lot Size Units: | Acres |
| Net Operating Income: | $28,824 |
| Assessment Pending: | Unknown |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Dimensions: | 20x20 |
| Garage Square Feet: | 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: | $8,662 |
| Operating Expense: | $21,852 |
| Owner Pays: | Gas, Insurance, Taxes, Trash Collection, Water |
| Parcel Number: | 322922420013 |
| Parking Features: | Detached Garage, Asphalt |
| Postal City: | Saint Paul |
| Public Survey Range: | 22 |
| Public Survey Section: | 32 |
| Public Survey Township: | 29 |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2025 |
| Tenant Pays: | Electricity |
| Trash Expense: | $1,016 |
| Water Sewer Expense: | $2,748 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Saint Paul |
| Above Grade Sq Ft Total: | 3556 |
| Below Grade Sq Ft Total: | 1778 |
| Main Level Finished Area: | 1778 |
| Pending Timestamp: | 2026-08-13 |
| Total Area: | 5,334 |
| Exterior Features: | Wood |
| Foundation Details: | Brick/Mortar, Poured Concrete |
| 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 04:23 PM - CT
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Property Last Updated: October 08, 2026 04:23 PM - CT
