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    Fourplex with Finished Basement Fifth Unit Title is generated by Realmo AI

    337 Maria Avenue, Saint Paul, MN 55106

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    Claim this Listing
    For Sale
    $350,000

    MULTI_FAMILY - Saint Paul, MN

    Property size:
    2,178 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $160/SF
    Added:
    Apr 27, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 30 at 1:06 pm

    Property Features for 337 Maria Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Basement, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 1
    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

    We can help!

    Contact an agent
    William Schultz
    William Schultz

    Listing agent William Schultz

    Listing office Keller Williams Premier Realty 635 Bielenberg Dr Ste 100, Woodbury, MN

    Listing date Apr 27, 2026

    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.

    HighLights

    • Fourplex currently operating with four leased units, plus a fully built‑out nonconforming fifth unit in the basement
    • Basement fifth unit includes a kitchen, full bathroom, and two egress windows
    • Approximately 2,200 finished SF including a finished lower level
    • Two‑stall detached garage with driveway parking and street parking availability
    • Forced‑air heating; exterior with wood features
    • Built in 1870

    Overview

    337 Maria Avenue is a multifamily property currently operating with four leased units. The building includes approximately 2,178 square feet of finished space, with a finished lower level. A fully built-out, nonconforming fifth unit is present in the basement and includes a kitchen, full bathroom, and two egress windows.

    The property is situated on a flat lot and includes a two-stall detached garage along with additional driveway parking and street parking availability.

    For buyers, the existing four-unit configuration provides immediate rental occupancy, while the basement unit’s functional build-out may support plans to expand the property’s operating layout after required verification with the city. The detached garage and on-site parking can help support day-to-day tenant needs, whether you’re acquiring as an income-focused buyer or an owner-occupant looking to live on-site and continue collecting rent from the other units. Buyer agent to verify all measurements.

    Local Financial Insights For Apartment 5plus

    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 $56.7k $26.04
    − Vacancy −$3.6k −$1.64
    EGI $53.1k $24.40
    − OpEx −$23.9k −$10.98
    NOI $29.2k $13.42
    2,178 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $417.5K
    $365.4K – $487.1K (±1% cap)
    NOI $29,228 @ 7.0% cap · market cap 8.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $536.0K
    $469.0K – $625.3K (±1% cap)
    NOI $37,518 @ 7.0% cap · market cap 10.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.07169
    Latitude
    44.955738

    FAQs

    What type of property is this?
    Apartment building - Four leased units plus a fully built-out basement area with kitchen and full bath, offering flexibility for additional income.
    Where is this apartment building 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: Fourplex currently operating with four leased units, plus a fully built‑out nonconforming fifth unit in the basement; Basement fifth unit includes a kitchen, full bathroom, and two egress windows; Approximately 2,200 finished SF including a finished lower level
    More about this property
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