306 King Street W, Saint Paul, MN 55107

$399,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 2,226 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $399,000 List Date: 3/13/2026 Last Modified: 5/07/2026

Overview

Description

Welcome to 306 King St W in Saint Paul, a well-maintained triplex offering a great opportunity for investors or owner-occupants. This 2,226 sq ft property features 5 bedrooms and 3 bathrooms across three units, providing strong rental potential. Updates include newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing, and a high-efficiency furnace. Additional improvements such as updated flooring, insulated attic and crawlspace, and maintenance-free front decking help enhance comfort and reduce upkeep. Situated on a spacious lot with shared laundry and convenient access to parks, transit, and downtown Saint Paul, this property offers excellent income potential ($4k monthly gross market rents) in a desirable location.

Listing Details MLS# 7036446

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront Present
No
Year Built
1888
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1113
Above Ground SqFt
2226
Total SqFt
2226
Foundation Size
1113
Style
(MF) Triplex
Total Finished Sqft
2226.00
Lot Dimensions
50x150
Acres
0.17
Assessment Pending
Unknown
Below Grd Total SqFt
0
Garage Stalls
0

Property Features

Accessible: None Basement: Drain Tiled; Full Construction Status: Previously Owned Exterior: Vinyl; Wood Foundation: Stone Fuel: Electric; Natural Gas Heating: Forced Air Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
414999
ListPrice
399000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
306
Street Name
King
Street Suffix
Street
Street Direction Suffix
W
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55107
Complex/Dev/Subdivision
Dawsons Add

Assessments

Tax With Assessments
7612
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2226

More Information

Income and Expenses

Annual Fuel Expense
2000
Annual Gross Expenses
6500
Annual Gross Income
46104
Annual Insurance Expense
2500
Annual Trash Expense
1000
Annual Water/Sewer Expense
1000
Total Annual Expenses
5522
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
07
Township#
28

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Annual Rent
20556
Finished SqFt
1113
Full Baths
Yes
Monthly Rent
1713
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
Annual Rent
12900
Finished SqFt
556
Full Baths
Yes
Monthly Rent
1075
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 3

Furnished?
No
Leased?
Yes
Unit Number
3
Annual Rent
12648
Finished SqFt
556
Full Baths
Yes
Monthly Rent
1054
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
DAWSONS ADDITION LOT 7 BLK 13
Listing City
Saint Paul
Map Page
122
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Property ID Number
072822240142
Tax Year
2025
Tax Amount
7612
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Welcome to 306 King St W in Saint Paul, a well-maintained triplex offering a great opportunity for investors or owner-occupants. This 2,226 sq ft property features 5 bedrooms and 3 bathrooms across three units, providing strong rental potential. Updates include newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing, and a high-efficiency furnace. Additional improvements such as updated flooring, insulated attic and crawlspace, and maintenance-free front decking help enhance comfort and reduce upkeep. Situated on a spacious lot with shared laundry and convenient access to parks, transit, and downtown Saint Paul, this property offers excellent income potential ($4k monthly gross market rents) in a desirable location.
Directions
Smith Ave to King St

Accessible

None
Yes

Basement

Drain Tiled
Yes
Full
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes
Wood
Yes

Foundation

Stone
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Forced Air
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes
Listing Office: RE/MAX Results
IDX
Last Updated: May - 07 - 2026
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