Home › 883 Payne Avenue, Saint Paul, MN 55130 (MLS# 6808068)

883 Payne Avenue, Saint Paul, MN 55130 (MLS# 6808068)

$1,495,000
883 Payne Avenue
Saint Paul, MN 55130
MLS# 6808068
5 beds  |  4 baths
883 Payne Avenue, Saint Paul, MN 55130
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Property 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.

Details
Maps
Contract Information
Status: Active
Current Price: 1495000
Contingency: None
ListPrice: 1495000
List Date: 2026-03-04
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 11
Owner Occupied: No
Waterfront Present: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 5
Baths Total: 4
Lot Size SqFt: 10704
Foundation Size: 5460
For Sale or Lease: For Sale
Lot Dimensions: 75 x 80
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 883
Street Name: Payne
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55130
Complex/Dev/Subdivision: Chas Weides Sub Of B35 Arling
Assessments
Tax With Assessments: 22870
Building Information
Building Finished SqFt: 12156
Building SqFt: 12156
Income and Expenses
Annual Gross Expenses: 104477
Annual Gross Income: 192792
Annual Net Income: 88315
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 29
Township#: 29
Sale Options
Sale Includes: Land
Unit 1
Unit Number: Restauran
Monthly Rent: 2775
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-03-01
No. of 1 Bedroom Units: 4
Unit 2
No. of 2 Bedroom Units: 1
Lease Expiration Date: 2029-07-01
Leased?: Yes
Level: Main Level
Monthly Rent: 8466
Unit Number: Restauran
Unit 3
Full Baths: 1
Lease Expiration Date: 2026-03-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1300
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: Unit 1
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-07-01
Leased?: Yes
Monthly Rent: 900
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: Unit 2
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-09-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 850
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: Unit 3
Unit 6
Lease Expiration Date: 2026-10-01
Level: 2nd Level
Monthly Rent: 850
Unit Number: Unit 4
Unit 7
Full Baths: 1
Lease Expiration Date: 2025-12-01
Level: 2nd Level
Monthly Rent: 925
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: Unit 5
Unit Details
Total Units: 7
Property Features
Accessible: Other
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Residential; Restaurant
Existing Financing: Conventional
Exterior: Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Contract for Deed; Conventional
Lock Box Type: None
On Site Utilities: None Available
Parking Characteristics: Paved Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected

Listing Office: Keller Williams Premier Realty

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 1st of June 2026 09:31 PM

218-998-4400

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