306 King Street W, Saint Paul, MN 55107
MULTI_FAMILY - Saint Paul, MN
- Added:
- Mar 12, 2026
- Days on Market:
- 111
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 306 King Street W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Exterior features
- Vinyl, Wood
- Standard status
- Active
- APN
- 072822240142
- Size
- 2,226 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7612
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1888
Listing agent Samuel Gardner (952) 829-2900
Listing office RE/MAX Results 480 West Hwy 96 No. 200 Shoreview, Eden Prairie, MN (651) 484-8800
Listing date Mar 12, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,226 sq ft well‑maintained triplex at 306 King St W with 5 bedrooms and 3 bathrooms across three units
- Gross market rents listed at about $4,000 per month
- Updates include newer vinyl windows and updated electrical panels
- Plumbing and HVAC upgrades include upgraded PEX/copper plumbing and a high‑efficiency furnace
- Insulated attic and crawlspace plus updated flooring and maintenance‑free front decking
- Shared laundry and convenient access to parks, transit, and downtown Saint Paul
Overview
The triplex sits on a 0.172-acre lot and includes shared laundry for residents. The home offers convenient access to parks, transit, and downtown Saint Paul, placing it within reach of common commuter and neighborhood amenities.
This configuration can fit investors seeking a three-unit residential income property with documented renovations, or owner-occupants looking to live in one unit while renting the other two. The listing states gross market rents of approximately $4,000 per month, and the combination of updated mechanicals, plumbing, electrical components, and insulation may help support long-term manageability.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $46.5k | $20.87 |
| − OpEx | −$13.9k | −$6.26 |
| NOI | $32.5k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.098518
- Latitude
- 44.927375
