2048 Carroll Avenue, Saint Paul, MN 55104

New Listing
$449,000
Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 4,290 Lot Size (sq. ft.): 8,276 Status: Coming Soon
Current Price: $449,000 List Date: 4/21/2026 Last Modified: 4/21/2026

Overview

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!

Listing Details MLS# 7053661

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
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

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

Contract Information

Contingency
None
Original List Price
449000
ListPrice
449000
Owner is an Agent?
No
Auction?
No

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
Assessment Balance
0

Basement

Foundation Dimensions
45x37
Full
Yes
Storage Space
Yes
Storage/Locker
Yes

More Information

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
Annual Caretaker Expense
0
Annual Maintenance Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
30x18
Garage Door Height
7
Garage Door Width
8
Garage Square Feet
540
Parking Lot
Yes
Gravel Lot
Yes

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
Yes
Annual Rent
12432
Finished SqFt
900
Full Baths
Yes
Monthly Rent
1036
No. of Units Like This
Yes
Total Baths
Yes
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
Yes
Monthly Rent
1029
No. of Units Like This
Yes
Total Baths
Yes
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
Yes
Monthly Rent
1062
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit 4

Furnished?
No
Leased?
No
Unit Number
4
Annual Rent
966
Finished SqFt
800
Full Baths
Yes
Monthly Rent
950
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit Details

Total Units
4

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
MERRIAM PARK RAMSEY CO MINN E 1/2 OF LOTS 1 AND LOT 2 BLK 18
Listing City
Saint Paul
Map Page
107
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Zip Plus 4
2204
Property ID Number
332923330084
Tax Year
2025
Tax Amount
9086
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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!
Directions
Cleveland to Carroll, east to home on south side.

Accessible

None
Yes

Amenities Shared

Common Garden
Yes
Common Laundry Facility
Yes

Construction Materials

Frame
Yes

Construction Status

Previously Owned
Yes

Electric

100 Amp Service
Yes
Circuit Breakers
Yes

Exterior

Vinyl
Yes

Foundation

Concrete Block
Yes
Stone
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

In Basement
Yes

Lock Box Type

Combo
Yes

Lot Description

Public Transit (w/in 6 blks)
Yes
Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Deck
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Architectural Shingle
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Four
Yes

No. of Refrigerators

Four
Yes

Unit 1 Amenities

Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes
Listing Office: Keller Williams Realty Integrity Lakes
IDX
Last Updated: April - 21 - 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.