842 Rice Street, Saint Paul, MN 55117 (MLS# 7014111)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront Present: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 4665
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.23
Lot Dimensions: Common
Garage Stalls: 0

Property Features

Accessible: Door Lever Handles; Doors 36"+; Grab Bars In Bathroom; Hallways 42"+ Air Conditioning: Central Air Amenities Shared: None Amenities Unit: City View; Kitchen Window; Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: None CMU Style: Apartments and Retail Construction Materials: Frame Construction Status: Previously Owned Current Use: Business Service; Residential Existing Financing: Conventional Exterior: Brick Veneer Fencing: None Flooring: Carpet; Luxury Vinyl Plank Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Loan Terms: Cash; Conventional; Special Funding; Other Lock Box Type: None Lot Description: Corner Lot; Infill Lot; Public Transit (w/in 6 blks) Miscellaneous Information: Display Window; Exterior Lighting On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Owner Pays: Common Area Maintenance; Grounds Care; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Pool Description: None Potential Use: Income; Shop Rent Rate per Foot: Gross Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Cable TV; Electricity; Gas; Heat; Telephone Water: City Water/Connected Window Features: Double Pane Windows; Window Treatments

Contract Information

Contingency: None
ListPrice: 2180000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 842
Street Name: Rice
Street Suffix: Street
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55117
Complex/Dev/Subdivision: Lewis Add To, St Paul

Assessments

Tax With Assessments: 51834
Assessment Balance: 0

Building Information

Building Finished SqFt: 13995
Building SqFt: 18660
Ceiling Height: 11-15

More Information

Income and Expenses

Annual Gross Expenses: 53778
Annual Gross Income: 222180
Annual Net Income: 168402

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Display Window: Yes
Exterior Lighting: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 30
Township#: 29

Sale Options

Sale Includes: Building, Rental License

Unit 1

Unit Number: 101
Monthly Rent: 1100
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-12-31
No. of 1 Bedroom Units: Yes

Unit 10

Lease Expiration Date: 2029-10-31
Leased?: Yes
Level: Main Level
Monthly Rent: 2000
Unit Number: 10

Unit 11

Lease Expiration Date: 2029-10-31
Leased?: Yes
Level: Main Level
Monthly Rent: 2000
Unit Number: 11

Unit 2

No. of 2 Bedroom Units: 6
Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1995
Unit Number: 201

Unit 3

No. of 3 Bedroom Units: Yes
Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1695
Unit Number: 202

Unit 4

Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1695
Unit Number: 203

Unit 5

Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1795
Unit Number: 204

Unit 6

Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1695
Unit Number: 301

Unit 7

Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1695
Unit Number: 302

Unit 8

Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1695
Unit Number: 303

Unit 9

Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1150
Unit Number: 304

Unit Details

Total Units: 11

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LEWIS ADDITION TO ST PAUL LOTS 15 AND LOT 16 BLK 6
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Property ID Number: 302922320167
Tax Year: 2025
Tax Amount: 51834
In Foreclosure?: Not disclosed
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This updated mixed-use building, remodeled in 2023, has all units, including commercial spaces, fully leased. A fantastic opportunity just 5 minutes from the State Capitol.
Directions: 94 East to Capital St exit, left on Capitol, left on Rice to the property.

Accessible

Door Lever Handles: Yes
Doors 36"+: Yes
Grab Bars In Bathroom: Yes
Hallways 42"+: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

None: Yes

Amenities Unit

City View: Yes
Kitchen Window: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

None: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick Veneer: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes
Infill Lot: Yes
Public Transit (w/in 6 blks): Yes

Owner Pays

Common Area Maintenance: Yes
Grounds Care: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

Window Features

Double Pane Windows: Yes
Window Treatments: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes
Telephone: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes

Current Use

Business Service: Yes
Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Special Funding: Yes
Other: Yes

Potential Use

Income: Yes
Shop: Yes

Rent Rate per Foot

Gross: Yes