# 883 Payne Avenue, Saint Paul, MN 55130

> **TL;DR:** 5bd/0ba commercial, $1,495,000, built 1906. Est. $6,478/mo. Listed 37 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,495,000 |
| Bedrooms | 5 |
| Year Built | 1906 |
| Lot Size | 10,703 sqft (0.25 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 37 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,478 |
| **Total** | **$6,478** |

## Property Highlights

- Built in 1906
- 0.25 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 883 Payne Avenue, Saint Paul, MN 55130
- **County:** Ramsey-MN
- **Neighborhood:** Chas Weides Sub Of B35 Arling
- **Coordinates:** 44.967863, -93.073832
- **Google Maps:** https://www.google.com/maps?q=44.967863,-93.073832

## Listing Agent

- **Name:** William Schultz
- **Brokerage:** Keller Williams Premier Realty
- **Phone:** 6513795252
- **Email:** william.schultz@kw.com

## Primary Photo

![883 Payne Avenue - Primary Photo](http://lh.rdcpix.com/b2341f90fbc465e9cd088858e41dad8cl-f2990506774r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/883-payne-avenue-saint-paul-mn-55130-6808068)*

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**MLS#:** 6808068 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/883-payne-avenue-saint-paul-mn-55130-6808068)

---

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