Property Description Looking for great cash flow as an owner-investor or to live in your own building for nearly free? This property is located in St. Paul's peaceful Merriam Park and is filled with Victorian-era charm. It features newer breaker panels, maintenance free vinyl siding, four high-efficiency forced air furnaces for heating (central air could be added), and a massive yard on an oversized city lot. There is copious amounts of storage with an unused walk up attic, full basement, and huge over-sized garage. This property generates over $49,000 annually and could have room to add income from utility sharing. Easy to manage and completely turn-key, with a unit ready for any owner-occupant buyer. Schedule your private showing today!
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 444000
Original List Price: 449000
ListPrice: 444000
List Date: 2026-04-21
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 4
Baths Total: 4
Main Floor Total SqFt: 1430
Above Ground SqFt: 2860
Below Grd Total SqFt: 1430
Total SqFt: 4290
Foundation Size: 1430
Style: (MF) Four Plex
Total Finished Sqft: 2860.00
Garage Stalls: 2
Lot Dimensions: 100x82
Acres: 0.19
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 2048
Street Name: Carroll
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Merriam Park, , Ramsey Co, Minn
Assessments
Tax With Assessments: 9086
Basement
Foundation Dimensions: 45x37
Building Information
Finished SqFt Above Ground: 2860
Income and Expenses
Annual Electric Expense: 1993
Annual Fuel Expense: 2627
Annual Gross Expenses: 11832
Annual Gross Income: 49111
Annual Insurance Expense: 3000
Annual Repair Expense: 1500
Annual Trash Expense: 1296
Annual Water/Sewer Expense: 1414
Total Annual Expenses: 11832
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 30x18
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 540
Public Survey Info
Range#: 23
Section#: 33
Township#: 29
Unit 1
Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 12432
Finished SqFt: 900
Full Baths: 1
Monthly Rent: 1036
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 2
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 12348
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 1029
No. of Units Like This: 1
Total Baths: 1
Total Rooms: 4
Unit 3
Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 12744
Finished SqFt: 900
Full Baths: 1
Monthly Rent: 1062
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit 4
Furnished?: No
Leased?: No
Unit Number: 4
Annual Rent: 966
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Common Garden; Common Laundry Facility
Basement: Full; Storage Space; Storage/Locker
Construction Materials: Frame
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Exterior: Vinyl
Foundation: Concrete Block; Stone
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Basement
Lock Box Type: Combo
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Parking Characteristics: Parking Lot; Gravel Lot
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Architectural Shingle
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Amenities: Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom
Unit 1 Bath Description: Main Floor Full Bath
Water: City Water/Connected
Listing Office: Keller Williams Realty Integrity Lakes