890 Payne Ave | Image 1
New
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890 Payne Ave | Image 7

$560,000

For Sale

12 hours ago

MLS® 6808073

3 Bed

4 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $8,726
Days Active 0
Approx. Age 1888
MLS® Number 6808073

Property Address: 890 Payne Ave, Saint Paul, MN, 55130-4102

Average square foot calculated using Size range provided by listing agent.

Description

890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70, 680 in effective gross income with NOI of approximately $36, 382, and the market pro forma projects about $79, 080 in effective gross income with NOI increasing to roughly $44, 782 (about +23%), assuming expenses remain near current levels (~$34, 298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4, 836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).
MLS® Number6808073
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1888
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Land

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 4, 2026List Date
$560,000List Price
  • Commute

Commute

Starting Address
Destination Address
890 Payne Ave, Saint Paul, MN

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