USAMNWest Saint PaulMichel B Add1049 Gorman Ave
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$449,900

For Sale

3 days ago

1049 Gorman Ave, West Saint Paul, MN

House

MLS® 7156355

6 Bed

3 Bath

2846 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2846 sqft
Garage Yes
Taxes $5,518
Days Active 3
Lot Size 0.16 Acres
Approx. Age 1941
Avg. Price Per Sqft $158
MLS® Number 7156355

Property Address: 1049 Gorman Ave, West Saint Paul, MN, 55118-1415

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

Description

Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separate living spaces with excellent income potential. Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant. Pro-forma rents of approximately $5, 050/month ($60, 600 annually), plus potential garage income. At the $449, 900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption. Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential. The spacious main-level unit features 2 bedrooms, a dining room, private laundry and central air-perfect for an owner-occupant. Live comfortably on the main level while generating rental income from the other two units. The upper-level unit features 3 bedrooms, plus additional attic space for storage. The lower-level unit offers 1 bedroom, kitchen, bathroom, dining room and living room, providing another source of rental income. Laundry shared for Upper and Lower unit. The exterior features low-maintenance vinyl siding and a 2-car garage. A great opportunity to live in one unit while the other units help offset your housing costs-or add a solid multi-unit property to your investment portfolio.
MLS® Number7156355
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1941
BasementBlock, Finished, Kitchenette
DrivewayDetached Garage
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$449,900List Price
-End Date
Not Sold YetSold Price

For Sale

May 15, 2026List Date
$384,900List Price
  • Commute

Commute

Starting Address
Destination Address
1049 Gorman Ave, West Saint Paul, MN

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