1049 Gorman Avenue, Saint Paul, MN 55118 (MLS# 7156355)

1049 Gorman Avenue, Saint Paul, MN 55118

New Listing
$449,900
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 2,846 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $449,900 List Date: 10/07/2026 Last Modified: 10/08/2026

Overview

Description

Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separate living spaces with excellent income potential. Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant. Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption. Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential. The spacious main-level unit featur ...

Listing Details MLS# 7156355

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1941
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1166
Above Ground SqFt
2156
Below Grd Total SqFt
690
Total SqFt
2846
Foundation Size
1166
Style
(MF) Triplex
Total Finished Sqft
2846.00
Garage Stalls
2
Lot Dimensions
50x140
Acres
0.16
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: None Basement: Concrete Block; Kitchenette Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lock Box Type: Combo Owner Pays: See Remarks Sewer: City Sewer/Connected Stories: Two Tenant Pays: See Remarks Unit 1 Special Search: Main Floor Bedroom; Rehabbed; All Living Fac. on One Level; Main Floor Laundry Unit 2 Cooling: None Unit 2 Special Search: Rehabbed; 3 BR on One Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
449900
ListPrice
449900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1049
Street Name
Gorman
Street Suffix
Avenue
Postal City
Saint Paul
County
Dakota
State
MN
Zip Code
55118
Complex/Dev/Subdivision
Michel B Add

Assessments

Tax With Assessments
5518

Building Information

Finished SqFt Above Ground
2156
Finished SqFt Below Ground
690

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
600

Public Survey Info

Range#
22
Section#
18
Township#
28

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
No
Level
2nd Level
Unit Number
2
Finished SqFt
1166
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
5

Unit 3

Furnished?
No
Leased?
No
Unit Number
3
3/4 Baths
Yes
Finished SqFt
1166
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
3
IDX
Listing Office: Ashworth Real Estate
Last Updated: October - 08 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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