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About This Home
This 5-bedroom, 0-bathroom commercial at 883 Payne Avenue in Saint Paul, MN is listed for $1,495,000. Built in 1906, on a 0.25 acres lot.
Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization.
High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.
Key Features
- Built in 1906
- 0.25 acre lot
Property Details
Monthly Cost Estimate
$7,996/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
883 Payne Avenue
Saint Paul, MN 55130
Chas Weides Sub Of B35 Arling
Features & Amenities
Exterior Features
Property Details
Parking
Questions & Answers
This 5-bedroom, 0-bathroom commercial at 883 Payne Avenue is listed at $1,495,000. The estimated monthly payment is $6,478 based on 20% down at 6.5% interest.
Key features include: Built in 1906, 0.25 acre lot. Exterior Features: Stucco.
This property is listed by William Schultz and can be reached at 6513795252 or william.schultz@kw.com.