About This Home
This 6-bedroom, 3-bathroom residential multi family at 738 Magnolia Avenue E in Saint Paul, MN is listed for $420,000 ($127 per sqft). Built in 1906, the home offers 3,301 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1906
- 0.11 acre lot
Property Details
TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a "single family home". All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID.
In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come.
For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep.
Fully rented now, and with tenants paying utilities, what sets this property apart is its built-in versatility and turnkey readiness. The combination of a duplex and single-family residence on one parcel creates diversified income streams, enhanced privacy for residents, and potential for various living arrangements-such as multi-generational housing or house-hacking.
Whether you're an investor looking for a proven, low-maintenance cash-flow asset with strong rental demand or a buyer wanting income to offset a mortgage, 738 Magnolia/1073 Walsh stands out as a thoughtfully updated, resilient property with a track record of success.
Monthly Cost Estimate
$2,246/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
738 Magnolia Avenue E
Saint Paul, MN 55106
Arlington Hills Add B40&45-49
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 738 Magnolia Avenue E is listed at $420,000 ($127/sqft). The estimated monthly payment is $2,247 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1906, 0.11 acre lot. Exterior Features: Shakes, Stucco.
This property is listed by Dennis D Kuchenmeister and can be reached at (952) 829-2900.





