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Mixed-Use Building with Laundromat
For Sale
$560,000

890 Payne Avenue, Saint Paul, MN 55130

Commercial Sale, Saint Paul, MN

Property SizeContact for details
Lot Size0.06 Acres
Days on Market222

Property Features for 890 Payne Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 3
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking features Parking Lot, On Street
Subdivision Chas Weides Sub Of B34 Arling
High school district St. Paul
Directions 94 to Mounds Blvd, To 7th St E, To Payne Ave
Standard status Active
APN 292922420146
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8726

Utilities

Heating system Oil

Building Details

Year built 1888
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: William Schultz
Added: Mar 4 Changed: Oct 10 Last Checked: Oct 12 at 9:06PM
MLS# 6808073

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.

This mixed-use property pairs a street-level laundromat with four apartments: three one-bedroom units and one studio. The building dates to 1888 and has oil heat. Parking features include a lot and on-street parking.

The sale also includes a B2-zoned lot at 648 York Avenue measuring approximately 4,836 square feet. Potential uses noted for the parcel include off-street parking, signage, storage, or future expansion, subject to city approvals.

Key Highlights

  • Street‑level laundromat with four apartments: three 1BR units and one studio
  • Additional 4,836 SF lot at 648 York Ave, zoned B2
  • Possible off‑street parking, signage, storage, or expansion on the York Ave lot, subject to city approvals

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,451
Businesses Nearby

Demographics for 55130, MN

18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four apartments accompany a street-level laundromat, and the sale includes an additional B2-zoned lot.
Where is this mixed-use property located?
The property is located at 890 Payne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Street‑level laundromat with four apartments: three 1BR units and one studio; Additional 4,836 SF lot at 648 York Ave, zoned B2; Possible off‑street parking, signage, storage, or expansion on the York Ave lot, subject to city approvals
More about this property
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