TURN 4-PLEX TO 5-UNIT APARTMENT! A well-maintained four-unit multifamily property in the historic Dayton’s Bluff neighborhood with immediate value-add potential. This property currently features four fully leased units and an additional finished efficiency studio in the basement that can be legally registered as a fifth unit or used as an owner-occupied space. The opportunity to convert the lower-level studio into a legal fifth apartment offers investors an easy way to increase income and property value right away.
The property includes a main three-bedroom, one-bath unit, one studio unit, and two one-bedroom, one-bath units, each well cared for and consistently rented. The building has a total of approximately 2,200 finished square feet of livable space, including a finished basement with egress windows. With an effective year built of 1999, this property combines the character of its 1870 origins with the benefits of modern updates.
Tenants enjoy convenient access to downtown Saint Paul, Metropolitan State University, and major transit routes, making this a desirable location for long-term renters. The flat 0.15-acre lot provides a two-stall detached garage, driveway parking, and ample street parking. Utilities include city water and sewer, and the property is heated by forced-air natural gas.
Whether you’re an investor looking to expand your portfolio or an owner-occupant seeking a property with strong cash flow potential, 337 Maria Avenue stands out as a rare find. With four income-producing units already in place and a ready-to-register fifth unit waiting to unlock even greater returns, this multifamily asset offers a mix of stability, upside, and prime location in one of Saint Paul’s most promising neighborhoods.
Buyer agent to verify all measurements.
Listing courtesy of William Schultz, Keller Williams Premier Realty
