Fourplex with Basement Fifth
337 Maria Avenue Saint Paul, MN 55106
337 Maria Avenue, Saint Paul, MN, 55106
$350,000
For Sale
$350,000
MULTI_FAMILY - Saint Paul, MN
Property Size2,178 SF
Lot Size0.15 Acres
Price / SF$160.70
Days on Market81
Property Features for 337 Maria Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Basement
- Parking features
- Driveway, Garage - Detached
- Exterior features
- Wood
- Standard status
- Active
- APN
- 322922420013
- Size
- 2,178 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8662
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1870
Listing Agency
Keller Williams Premier Realty
(651) 379-5252
635 Bielenberg Dr Ste 100, Woodbury, MN
Listed by
William Schultz
(651) 379-5252
Added: Apr 27 Checked: Jul 16 at 7:06 pm
MLS# 7063192
Listing URL
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.
Investment Insights
Based on property information with market context.
Welcome to 337 Maria Avenue in Saint Paul, a fourplex currently operating with four leased units. The property also includes a fully built-out, nonconforming fifth unit in the basement featuring a kitchen, a full bathroom, and two egress windows.
The building sits on a flat lot and includes a two-stall detached garage, additional driveway parking, and street parking. The finished lower level contributes to an overall finished area of approximately 2,200 square feet (buyer to verify measurements).
This configuration provides a straightforward framework for expanding the property’s usable unit count based on the existing basement improvements.
The building sits on a flat lot and includes a two-stall detached garage, additional driveway parking, and street parking. The finished lower level contributes to an overall finished area of approximately 2,200 square feet (buyer to verify measurements).
This configuration provides a straightforward framework for expanding the property’s usable unit count based on the existing basement improvements.
Key Highlights
- Cash‑flowing fourplex with four leased units and a fully built‑out nonconforming fifth unit in the basement
- Basement fifth unit includes a kitchen, full bathroom, and two egress windows
- Approx. 2,200 finished SF with a finished lower level
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 | $48.4k | $22.20 |
| − Vacancy | −$2.9k | −$1.33 |
| EGI | $45.5k | $20.87 |
| − OpEx | −$13.6k | −$6.26 |
| NOI | $31.8k | $14.61 |
2,178 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$417.5K
$365.4K – $487.1K
NOI $29,228 @ 7.0% cap · market cap 8.35%
Theoretical Best
Healthcare Medical
$536.0K
$469.0K – $625.3K
NOI $37,518 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four leased units plus a fully built-out basement unit with kitchen, full bath, and two egress windows.
Where is this quadplex located?
The property is located at 337 Maria Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Cash‑flowing fourplex with four leased units and a fully built‑out nonconforming fifth unit in the basement; Basement fifth unit includes a kitchen, full bathroom, and two egress windows; Approx. 2,200 finished SF with a finished lower level
