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

3 full
1906
Listing Description

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

Principal$304
Interest$1,820
Insurance$123

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

ShakesStucco

Property Details

Heating

Oil

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.

DK

Dennis D Kuchenmeister

Agent at RE/MAX Results

(952) 829-2900

Listed by RE/MAX Results · View on Broker Site

MLS# 7115880· Source: listhub· 1 day on market

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

738 Magnolia Avenue E, Saint Paul, MN 55106

Open this listing in: