1599 Rice Street, Saint Paul, MN 55117 (MLS# 7078753)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 2004
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 3404
Below Grd Total SqFt: 3308
Total SqFt: 6712
Foundation Size: 3308
Style: (MF) Four Plex
Total Finished Sqft: 6712.00
Garage Stalls: 4
Lot Dimensions: 75ftx123ft
Acres: 0.21
Assessment Pending: No
Main Floor Total SqFt: 0

Property Features

Accessible: None Basement: None Construction Status: Previously Owned Exterior: Vinyl Foundation: Poured Concrete Fuel: Electric; Natural Gas Heating: Forced Air Lock Box Type: Combo Owner Pays: Maintenance/Repair; Water Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas Unit 1 Appliances: Stainless Steel Appliances; Dryer; Freezer; Range; Refrigerator; Washer Unit 1 Cooling: Central Unit 2 Appliances: Stainless Steel Appliances; Dryer; Range; Refrigerator; Washer Unit 2 Cooling: Central Unit 3 Appliances: Stainless Steel Appliances; Dryer; Freezer; Range; Refrigerator Unit 3 Cooling: Central Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 699000
ListPrice: 699000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1599
Street Name: Rice
Street Suffix: Street
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55117
Complex/Dev/Subdivision: Rice Street Villas

Assessments

Tax With Assessments: 16956
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3404
Finished SqFt Below Ground: 3308

More Information

Income and Expenses

Annual Gross Expenses: 6900
Annual Gross Income: 93600
Annual Insurance Expense: 4800
Annual Maintenance Expense: 2500
Annual Water/Sewer Expense: 4800
Total Annual Expenses: 6900
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 305

Public Survey Info

Range#: 23
Section#: 24
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: Yes
Annual Rent: 23400
Finished SqFt: 980
Full Baths: Yes
Monthly Expense: 80
Monthly Rent: 1950
No. of Units Like This: 2
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Unit Number: 2
Annual Rent: 24996
Finished SqFt: 1635
Full Baths: 2
Monthly Expense: 80
Monthly Rent: 2083
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 10

Unit 3

Furnished?: No
Lease Expiration Date: 2027-01-31
Leased?: Yes
Unit Number: 3
Annual Rent: 25800
Finished SqFt: 1635
Full Baths: 2
Monthly Expense: 80
Monthly Rent: 2150
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 10

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: RICE STREET VILLAS LOT 8 BLK 8
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2803
Property ID Number: 242923110128
Tax Year: 2025
Tax Amount: 16956
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well-maintained 2004-built 4-plex offering an excellent opportunity for both investors and owner-occupants. Property features two 3-bedroom/1-bath units and two 4-bedroom/2-bath units, each with spacious layouts, individual entrances, and direct garage access. All units include in-unit laundry and are separately metered with separate utilities for ease of management. Property also offers 5 total parking spaces and easy access to nearby freeways, enhancing commuter convenience and tenant appeal. Strong rental demand potential with functional floor plans and well-kept condition throughout. Excellent turnkey multifamily investment opportunity.
Directions: From I-35E, take the Wheelock Pkwy exit and head west. Pass Rice St, then immediate access/entrance via Wheelock Pkwy.

Accessible

None: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Poured Concrete: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Maintenance/Repair: Yes
Water: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Cooling

Central: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Cooling

Central: Yes

Unit 3 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Central: Yes