Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a
.21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages.
PROPERTY HIGHLIGHTS :
Built in 2004 with modern amenities throughout
Individual HVAC systems for each unit
In-unit washer/dryer connections
Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage
4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit)
Excellent condition with minimal deferred maintenance
Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)
Pending
$829,999
1599 Rice St, Saint Paul, MN 55117
14beds
6baths
5,230sqft
Est.:
Quadruplex
Built in 2004
-- sqft lot
$-- Zestimate®
$159/sqft
$-- HOA
What's special
Wood flooringModern amenitiesStainless steel appliancesIndividual hvac systemsAmple storage
- 74 days
- on Zillow |
- 411 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 09:01am
Listed by:
David Kampmeyer 612-718-4444,
Real Broker, LLC,
Grant Johnson, GRI 651-324-3787
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6728027

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
Heating
- Forced Air
Features
- Basement: None
Interior area
- Total structure area: 5,230
- Total interior livable area: 5,230 sqft
- Finished area above ground: 5,230
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Attached garage spaces: 4
- Details: Garage Dimensions (25.1 x 12.2)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 9,147.6 Square Feet
- Dimensions: 75ft x 123ft x 75ft x 123ft
Details
- Foundation area: 4004
- Parcel number: 242923110128
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
Condition
- Age of Property: 21
- New construction: No
- Year built: 2004
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water - In Street
Community & HOA
Community
- Subdivision: Rice Street Villas
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $15,600
- Annual tax amount: $12,228
- Date on market: 5/29/2025
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