Duplex-Style Portfolio
991 Wakefield Ave Saint Paul, MN 55106
For Sale
$1,500,000
Investor-only offering for a Phase 3 package of duplex-style properties with affordability covenants through August 2028.
Days on Market75
Property Features for 991 Wakefield Ave
General Information
- Standard status
- Active
Listing Agency:
Coldwell Banker Realty
(651) 276-4300
Listed By:
Thomas Edelstein, CRS, ABR
(651) 276-4300
Source:
Exprealty
Added: May 11
Changed: Jul 21
Last Checked: Jul 22 at 8:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This investor-only offering includes Phase 3 of a larger multifamily portfolio, and the properties within Phase 3 must be sold together. Phase 3 comprises five duplex-style properties: 991 Wakefield Ave, 991 Hudson Rd, 982 Burr Ave, 856 Burr Ave, and 686 Bradley St.
All properties participate in the NSP program with affordability covenants in place through August 2028. The program provides stable, AMI-based income at 50% AMI, with a clear path to increased rents at 60% AMI upon program maturity.
The portfolio is described as primarily comprised of duplex-style assets. Operational advantages cited include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement.
All properties participate in the NSP program with affordability covenants in place through August 2028. The program provides stable, AMI-based income at 50% AMI, with a clear path to increased rents at 60% AMI upon program maturity.
The portfolio is described as primarily comprised of duplex-style assets. Operational advantages cited include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement.
Key Highlights
- Investor‑only Phase 3 package requires properties within the phase to be sold together.
- Phase 3 includes 991 Wakefield Ave, 991 Hudson Rd, 982 Burr Ave, 856 Burr Ave, and 686 Bradley St.
- All properties participate in the NSP program with affordability covenants in place through August 2028.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Investor-only offering for a Phase 3 package of duplex-style properties with affordability covenants through August 2028.
Where is this duplex located?
The property is located at 991 Wakefield Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Investor‑only Phase 3 package requires properties within the phase to be sold together.; Phase 3 includes 991 Wakefield Ave, 991 Hudson Rd, 982 Burr Ave, 856 Burr Ave, and 686 Bradley St.; All properties participate in the NSP program with affordability covenants in place through August 2028.
