242 Maria Avenue, Saint Paul, MN 55106

• 2,936 sqft

Property Description

These properties are investor-only and cannot be owner-occupied. **Phase 5 includes: 242/244 Maria Ave.** 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

Listing Status:

Active

Data Last Updated:

June 4, 2026 at 4:16AM

Listing Office:

Coldwell Banker Realty : 651-698-2481

MLS ID:

7067414

Interior

• Appliances: RangeRefrigerator
• A/C: None
• Heating: Forced Air

Exterior

• General: Wood
• Parking: On-Street Parking Only

Construction

• General: Block

Location

• Road/Access: City StreetCurbsPaved StreetsStreet LightsStorm Sewer
• Originating MLS: northstar
• School District: St. Paul
• County: Ramsey

Lot

• Zoning: 322922410104
• Current Use: Residential

Utilities

• Utilities: Electric SeparateHeating SeparateHot Water Separate
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar