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883 Payne Avenue
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883 Payne Avenue, Saint Paul, MN

$1,495,000

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5

Beds

4

Baths

10704.00

Acres

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About 883 Payne Avenue

Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.

Features of 883 Payne Avenue

MLS® # 6808068
Price $1,495,000
Bedrooms 5
Bathrooms 4.00
Acres 10,704.00
Year Built 1906
Type Commercial Sale
Status Active

Community Information

Address 883 Payne Avenue
Area 98
Subdivision Chas Weides Sub Of B35 Arling
City Saint Paul
County Ramsey
State MN
Zip Code 55130

Amenities

Utilities None Available
Parking Paved Lot
Is Waterfront No
Has Pool No

Interior

Heating Boiler
Fireplace No

Exterior

Exterior Features Stucco

School Information

District St. Paul

Additional Information

Days on Market 128
Zoning Business/Commercial
Foreclosure No
Short Sale No
Taxes $22,870
Tax Year 2025

Listing Details

OfficeKeller Williams Premier Realty

Listing Map

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