$5,525,000
402 Hope Street Saint Paul, MN 55106
For Sale MLS# 7069580
Other
Details for 402 Hope Street
MLS# 7069580
Description for 402 Hope Street, Saint Paul, MN, 55106
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.
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.11 Acres
Square Feet: 41,826 sq ft
Year Built: 1887
Foundation: 20,009 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Hillcrest
Number Of Units Total: 35
Current Use: Residential
County: Ramsey
Days On Market: 29
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Interior Features
Appliances: Range, Refrigerator
Basement: Other
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 13
Open Parking: 32
Parking Description: Uncovered/Open, Parking Lot, Attached Garage, On-Street Parking Only, Other, Driveway - Asphalt, Driveway - Shared, Garage Sq Ft - 3606.
Exterior: Brick/Stone, Fiber Board, Aluminum Siding, Vinyl, Wood, Stucco
Roof: Asphalt Shingles
Lot Dimensions: IRREGULAR
Zoning: Residential-Multi-Family
Fencing: Wood, Privacy, Partial, Full, Chain Link
Additional Exterior/Lot Features: Corner Lot, Irregular Lot, Public Transit (w/in 6 blks), Land Inclusions - Fixture/Equipment,Land,Rental License, Road Frontage - Paved Streets, Sidewalks, Street Lights, Storm Sewer, City, Curbs
Driving Directions
Mounds Blvd to 6th-East to Hope-North to property.
Financial Considerations
Gross Income: 505302
Tax/Property ID: TBD
Tax Amount: 23056
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 402 Hope Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 402 Hope Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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