$5,525,000
    402 Hope Street
    Saint Paul, MN 55106
    MLS# 7069580

    17 Duplex Investment
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    17 Duplex Investment 993 Wakefield Ave 993 Wakefield Ave 993 Wakefield Ave 993 Wakefield Ave Dining 993 Wakefield Ave Kitchen 993 Wakefield Ave Bedroom 993 Wakefield Ave Bathroom 993 Wakefield Ave Porch 993 Wakefield Ave 993 Wakefield Ave 993 Wakefield Ave 993 Hudson Ave 993 Hudson Ave 993 Hudson 3.jpg 993 Hudson Ave Bedroom 993 Hudson Ave 993 Hudson Ave Entrance 993 Hudson Ave Kitchen 993 Hudson Ave 993 Hudson Ave Living Room 993 Hudson Ave Porch 993 Hudson 4.jpg 993 Hudson Ave 242 Maria Ave 242 Maria Ave 242 Maria Ave Living Room 242 Maria Ave Kitchen & Dining 242 Maria Ave image0 (1).jpeg Laundry 242 Maria Ave 49 Manitoba Ave 49 Manitoba Ave 49 Manitoba Ave Living Room 49 Manitoba Ave Kitchen 49 Manitoba Ave Bedroom 49 Manitoba Ave Bathroom 89 Atwater St 89 Atwater St Bathroom 89 Atwater St Living Room 89 Atwater St Bathroom 89 Atwater St Bedroom 89 Atwater St Kitchen 89 Atwater St Living Room 89 Atwater St Kitchen 89 Atwater St 89 Atwater St 1003 Woodbridge St 1003 Woodbridge St Bathroom 1003 Woodbridge St Bathroom 1003 Woodbridge St Kitchen 1003 Woodbridge St Living Room 1003 Woodbridge St Bedroom 1003 Woodbridge St Bedroom 1003 Woodbridge St Living Room 1003 Woodbridge St Kitchen 1003 Woodbridge St Bathroom 1003 Woodbridge St 1003 Woodbridge St 1003 Woodbridge St 765 Edgerton St 765 Edgerton 3.jpg 765 Edgerton St Kitchen 765 Edgerton St Bedroom 765 Edgerton St Living Room 765 Edgerton St 765 Edgerton St 765 Edgerton St 599 Reaney Ave 599 Reaney Ave Dining 599 Reaney Ave Kitchen 599 Reaney Ave Bedroom 599 Reaney Ave 599 Reaney Ave 500 Hopkins Ave 500 Hopkins Ave Kitchen Hopkins -Typical Bedroom .jpg 500 Hopkins Ave 500 Hopkins Ave 402 Hope St 402 Hope St Bedroom 402 Hope St Kitchen 402 Hope St Living Room 402 Hope St 402 Hope St 947 Minnehaha Ave 947 Minnehaha Ave Kitchen 947 Minnehaha Ave Dining 947 Minnehaha Ave Bedroom 947 Minnehaha Ave Bathroom 947 Minnehaha Ave Kitchen 947 Minnehaha Ave Kitchen 947 Minnehaha Ave Living Room 947 Minnehaha Ave Living Room 947 Minnehaha Ave Bedroom 947 Minnehaha Ave Living/Dining Room 947 Minnehaha Ave 947 Minnehaha Ave 696 Hawthorne Ave 696 Hawthorne Ave 696 Hawthorne Ave Living Room 696 Hawthorne Ave Living Room 696 Hawthorne Ave Bathroom 696 Hawthorne Ave Kitchen 696 Hawthorne Ave 696 Hawthorne Ave 696 Hawthorne Ave 696 Hawthorne Ave 686 Bradley St 686 Bradley St Bedroom 686 Bradley St 686 Bradley St Living Room 686 Bradley St Bathroom 686 Bradley St Kitchen 686 Bradley St Kitchen 686 Bradley St Living Room 686 Bradley St Porch 697 Cook Ave 697 Cook Ave 697 Cook Ave Kitchen 697 Cook Ave Living Room 697 Cook Ave Living Room 697 Cook Ave Bedroom 697 Cook Ave 697 Cook Ave 856 Burr Ave 856 Burr Ave Kitchen 856 Burr Ave Living Room 856 Burr Ave Kitchen 856 Burr Ave Living Room 856 Burr Ave Bedroom 856 Burr Ave Bedroom 856 Burr Ave Bedroom 856 Burr Ave Bedroom 856 Burr Ave Bathroom 856 Burr Ave Bathroom 856 Burr Ave Kitchen 856 Burr Ave Living Room 856 Burr Ave 982 Burr Ave 982 Burr Ave Living Room/Porch 982 Burr Ave Bedroom 982 Burr Ave Bathroom 982 Burr Ave 982 Burr Ave 732 Jessamine Ave 732 Jessamine Ave Kitchen 732 Jessamine Ave Kitchen/Dining 732 Jessamine Ave Living Room 732 Jessamine Ave Bedroom 732 Jessamine Ave Bathroom 732 Jessamine Ave 732 Jessamine Ave 732 Jessamine Ave

    Property Description
    991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.

    Details
    Maps
    Contract Information
    Owner is an Agent?: No
    Auction?: No
    Status: Active
    Current Price: $5,525,000
    Contingency: None
    ListPrice: 5525000
    List Date: 2026-05-08
    Office/Member Info
    Association: SPAAR
    General Property Information
    Lot Measurement: Acres
    Multiple PIDs?: No
    Other Parking Spaces: 32
    Owner Occupied: No
    Waterfront Present: No
    Year Built: 1887
    Yearly/Seasonal: Yearly
    Zoning: Residential-Multi-Family
    Lot Dimensions: IRREGULAR
    Acres: 0.11
    Foundation Size: 20009
    Garage Stalls: 13
    For Sale or Lease: For Sale
    Assessment Pending: No
    Location, Tax and Other Information
    Legal Description: Multiple Legal Descriptions
    Listing City: Saint Paul
    Map Page: 108
    Municipality: Saint Paul
    School District: St. Paul
    School District Phone: 651-767-8100
    Zip Plus 4: 5031
    Property ID Number: TBD
    Tax Year: 2026
    Tax Amount: 23056
    In Foreclosure?: No
    Potential Short Sale?: No
    Lender Owned?: No
    Directions & Remarks
    Public Remarks: 991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
    Directions: Mounds Blvd to 6th-East to Hope-North to property.
    Accessible
    None: 1
    Appliances
    Range: 1
    Refrigerator: 1
    Assessments
    Assessment Balance: 0
    Assessment Installment: 0
    Tax With Assessments: 23056
    Basement
    Other: 1
    Building Information
    Building Finished SqFt: 41826
    Building SqFt: 41826
    Construction Status
    Previously Owned: 1
    Exterior
    Aluminum Siding: 1
    Brick/Stone: 1
    Fiber Board: 1
    Stucco: 1
    Vinyl: 1
    Wood: 1
    Fencing
    Chain Link: 1
    Full: 1
    Partial: 1
    Privacy: 1
    Wood: 1
    Foundation
    Concrete Block: 1
    Fuel
    Natural Gas: 1
    Heating
    Forced Air: 1
    Lease Details
    Land Leased: Not Applicable
    Lot Description
    Corner Lot: 1
    Irregular Lot: 1
    Public Transit (w/in 6 blks): 1
    Miscellaneous Information
    Homestead: No
    Ownership
    Fractional Ownership: No
    Parking Characteristics
    Garage Square Feet: 3606
    Parking Lot: 1
    Driveway - Shared: 1
    Uncovered/Open: 1
    Other: 1
    Patio, Porch and Deck Features
    Covered: 1
    Front Porch: 1
    Patio: 1
    Porch: 1
    Public Survey Info
    Range#: 22
    Section#: 32
    Township#: 29
    Rental License Type
    Standard: 1
    Road Frontage
    City Street: 1
    Curbs: 1
    Paved Streets: 1
    Sidewalks: 1
    Storm Sewer: 1
    Street Lights: 1
    Road Responsibility
    Public Maintained Road: 1
    Roof
    Asphalt Shingles: 1
    Sale Options
    Sale Includes: Fixture/Equipment, Land, Rental License
    Sewer
    City Sewer/Connected: 1
    Stories
    Two: 1
    Unit 1
    No. of 1 Bedroom Units: 1
    Unit Details
    Total Units: 35
    Water
    City Water/Connected: 1
    Income and Expenses
    Annual Gross Expenses: 295120
    Annual Gross Income: 505302
    Annual Net Income: 210182
    No. of Ranges
    One Per Unit: 1
    Six or More: 1
    No. of Refrigerators
    One Per Unit: 1
    Six or More: 1
    Unit 2
    No. of 2 Bedroom Units: 10
    Unit 3
    No. of 3 Bedroom Units: 21
    On Site Utilities
    Electric Separate: 1
    Heating Separate: 1
    CMU Style
    Duplex Side by Side: 1
    Duplex Up and Down: 1
    Current Use
    Residential: 1
    Loan Terms
    Cash: 1
    Special Funding: 1
    Other: 1
    Potential Use
    Income: 1
    Location Tax and Other Information
    House Number: 402
    Street Name: Hope
    Street Suffix: Street
    Postal City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55106
    Complex/Dev/Subdivision: Hillcrest
    Property Features
    Accessible: None
    Appliances: Range; Refrigerator
    Basement: Other
    CMU Style: Duplex Side by Side; Duplex Up and Down
    Construction Status: Previously Owned
    Current Use: Residential
    Exterior: Aluminum Siding; Brick/Stone; Fiber Board; Stucco; Vinyl; Wood
    Fencing: Chain Link; Full; Partial; Privacy; Wood
    Foundation: Concrete Block
    Fuel: Natural Gas
    Heating: Forced Air
    Loan Terms: Cash; Special Funding; Other
    Lot Description: Corner Lot; Irregular Lot; Public Transit (w/in 6 blks)
    On Site Utilities: Electric Separate; Heating Separate
    Parking Characteristics: Parking Lot; Driveway - Shared; Uncovered/Open; Other
    Potential Use: Income
    Rental License Type: Standard
    Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
    Road Responsibility: Public Maintained Road
    Roof: Asphalt Shingles
    Sewer: City Sewer/Connected
    Stories: Two
    Water: City Water/Connected
    IDX
    Listing Office: Coldwell Banker Realty

    Last Updated: May - 12 - 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.

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