# 890 Payne Avenue, Saint Paul, MN 55130

> **TL;DR:** 3bd/0ba commercial, $560,000, built 1888. Est. $2,427/mo. Listed 37 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $560,000 |
| Bedrooms | 3 |
| Year Built | 1888 |
| Lot Size | 2,396 sqft (0.06 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 37 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,427 |
| **Total** | **$2,427** |

## Property Highlights

- Built in 1888
- 0.06 acre lot

## Description

### Agent Description
890 Payne Ave is a value-add mixed-use opportunity in Saint Paul’s Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).

## Location

- **Address:** 890 Payne Avenue, Saint Paul, MN 55130
- **County:** Ramsey-MN
- **Neighborhood:** Chas Weides Sub Of B34 Arling
- **Coordinates:** 44.968175, -93.073288
- **Google Maps:** https://www.google.com/maps?q=44.968175,-93.073288

## Listing Agent

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

## Primary Photo

![890 Payne Avenue - Primary Photo](http://lh.rdcpix.com/a1e4598c09549f35dd6ea6a33b8fdcbbl-f1239242731r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/890-payne-avenue-saint-paul-mn-55130-6808073)*

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**MLS#:** 6808073 | **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/890-payne-avenue-saint-paul-mn-55130-6808073)

---

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