$880,000
49 Manitoba Avenue Saint Paul, MN 55117
For Sale MLS# 7065946
Other
Details for 49 Manitoba Avenue
MLS# 7065946
Description for 49 Manitoba Avenue, Saint Paul, MN, 55117
These properties are investor-only and cannot be owner-occupied. **Phase 1 includes: 49 Manitoba Ave W, 89 Atwater St W, & 1003 N. Woodbridge St.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. 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: 5,662 sq ft
Year Built: 1887
Foundation: 2,962 sq ft
Garage: Yes
Subdivision: Lewis Add To, St Paul
Number Of Units Total: 6
Current Use: Residential
County: Ramsey
Days On Market: 24
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Interior Features
Appliances: Range, Refrigerator
Additional Interior Features: Kitchen Window
Utilities
Water: City Water/Connected
Sewer: City Sewer - In Street
Other Utilities: Electric Separate,Heating Separate
Cooling: Central
Heating: Forced Air, Other, Natural Gas
Exterior / Lot Features
Garage Spaces: 3
Open Parking: 4
Parking Description: On-Street Parking Only, Detached Garage, Driveway - Asphalt, Garage Sq Ft - 898.0
Exterior: Aluminum Siding, Vinyl, Other
Lot Dimensions: IRREGULAR
Zoning: Residential-Multi-Family
Fencing: Privacy, Chain Link, Full, Partial
Additional Exterior/Lot Features: Porch, Public Transit (w/in 6 blks), Land Inclusions - Building,Business,Land,Rental License, Road Frontage - Paved Streets, City, Curbs, Street Lights, Storm Sewer, Sidewalks
Driving Directions
University to Rice St. north to Manitoba Ave. east to home
Financial Considerations
Gross Income: 92520
Tax/Property ID: 302922320098
Tax Amount: 3571
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.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
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 49 Manitoba Avenue
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 49 Manitoba Avenue
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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.
Coming soon properties will soon be on the market, but are not yet available for showings.