337 Maria Avenue, Saint Paul, MN 55106

New Listing
$350,000
Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 5,334 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $350,000 List Date: 4/28/2026 Last Modified: 4/28/2026

Overview

Description

elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building. The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies. For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset. The building offers approximately 2,200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability. Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential. Buyer agent to verify all measurements.

Listing Details MLS# 7063192

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1870
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1778
Above Ground SqFt
3556
Below Grd Total SqFt
1778
Total SqFt
5334
Foundation Size
1778
Style
(MF) Four Plex
Total Finished Sqft
2178.00
Garage Stalls
2
Lot Dimensions
54x120
Acres
0.15
Assessment Pending
Unknown

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Egress Windows; Partially Finished Construction Status: Previously Owned Existing Financing: Conventional Exterior: Wood Foundation: Brick/Mortar; Poured Concrete Fuel: Natural Gas Heating: Forced Air Owner Pays: Gas; Insurance; Taxes; Trash Collection; Water Rental License Type: Standard Sellers Terms: Cash; Contract for Deed; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
350000
ListPrice
350000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
337
Street Name
Maria
Street Suffix
Avenue
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55106
Complex/Dev/Subdivision
Lyman Dayton Add

Assessments

Tax With Assessments
8662
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1778
Finished SqFt Below Ground
400

More Information

Income and Expenses

Annual Fuel Expense
5836
Annual Gross Expenses
21852
Annual Gross Income
47676
Annual Insurance Expense
3574
Annual Net Income
28824
Annual Trash Expense
1016
Annual Water/Sewer Expense
2748
Total Annual Expenses
21852
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
20x20
Garage Square Feet
400

Public Survey Info

Range#
22
Section#
32
Township#
29

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Annual Rent
1650
Full Baths
Yes
Monthly Rent
1380
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
Annual Rent
9000
Full Baths
Yes
Monthly Rent
750
No. of Units Like This
Yes
Total Baths
Yes
Total Rooms
3

Unit 3

Furnished?
No
Leased?
Yes
Unit Number
3
Annual Rent
10740
Full Baths
Yes
Monthly Rent
895
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 4

Furnished?
No
Leased?
Yes
Unit Number
4
Annual Rent
11376
Full Baths
Yes
Monthly Rent
948
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
4

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LYMAN DAYTON ADDITION BEG AT A PT ON NELY L OF BLK 26 AND 86 1/3 FT NWLY FROM SE COR OF SD BLK TH NWLY 54 2/12 FT TH SWLY PAR WITH SELY L OF SD BLK 12O FT TH SELY 54 2/12 FT TH NELY TO BEG PART OF LOTS 1 2 3 8 9 AND LOT 10 BLK 26
Listing City
Saint Paul
Map Page
108
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Property ID Number
322922420013
Tax Year
2025
Tax Amount
8662
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
elcome to 337 Maria Avenue in Saint Paul, a rare opportunity to acquire a cash-flowing fourplex with significant upside through both rent growth and unit expansion. This property is currently operating with four leased units while featuring a fully built-out, nonconforming fifth unit in the basement that includes a kitchen, full bathroom, and two egress windows. From a structural standpoint, the space functions as a legal apartment and offers a clear path for a buyer to register it with the city and operate the property as a five-unit building. The current income leaves substantial room for growth. Rents are well below market levels, creating an opportunity to increase revenue over time while also unlocking additional income through the fifth unit. For investors, this presents a strong value-add play with the ability to force appreciation through improved NOI. Based on underwriting scenarios, the property supports attractive returns with both conventional investor financing and owner-occupant strategies. For owner-occupants, this property offers a compelling house-hack opportunity. A buyer can take advantage of low down payment financing options and occupy the fifth unit while continuing to collect rent from the other four units. This setup creates the potential to significantly offset or even cover monthly housing costs while building equity in a multi-unit asset. The building offers approximately 2,200 finished square feet, including a finished lower level, and sits on a flat lot with a two-stall detached garage, additional driveway parking, and street parking availability. Located in Dayton’s Bluff with close proximity to downtown Saint Paul, major transit routes, and local amenities, this property benefits from consistent rental demand. Whether you are looking to expand your portfolio with a value-add multifamily asset or secure a property that allows you to live for less while building wealth, 337 Maria Avenue offers a unique combination of current income, future upside, and flexible use potential. Buyer agent to verify all measurements.
Directions
94 W to Mounds Blvd, take to Kellogg/Third Street, take left on Maria

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Egress Windows
Yes
Partially Finished
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Wood
Yes

Foundation

Brick/Mortar
Yes
Poured Concrete
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Owner Pays

Gas
Yes
Insurance
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Rental License Type

Standard
Yes

Sellers Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes
FHA
Yes
Other
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes
Listing Office: Keller Williams Premier Realty
IDX
Last Updated: April - 28 - 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.