116 Lexington Parkway N, Saint Paul, MN 55104 (MLS# 7123313)

116 Lexington Parkway N, Saint Paul, MN 55104

New Listing
$495,000
Property Type: Multi-Family Bedrooms: 4 Baths: 3 Square Footage: 2,743 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $495,000 List Date: 8/14/2026 Last Modified: 8/20/2026

Overview

Description

Fantastic opportunity to own a 2-story triplex in a prime Saint Paul location! The spacious main-floor unit features 2 bedrooms, 1 full bath, a cozy fireplace, and a formal dining room, offering plenty of charm and comfortable living space. The upper level includes two separate units, each featuring 1 bedroom and 1 full bath. A detached 2-car garage provides valuable off-street parking and added convenience. Ideally located just a few blocks from Mitchell Hamline School of Law, Concordia University, and Grand Avenue, with easy access to restaurants, shopping, entertainment, parks, and public transportation. An excellent opportunity for an owner-occupant or investor looking for a well-positioned multi-family property in the heart of Saint Paul. Live in one unit and rent the others, or add this versatile triplex to your investment portfolio!

Listing Details MLS# 7123313

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2743
Above Ground SqFt
2743
Total SqFt
2743
Foundation Size
1441
Style
(MF) Triplex
Total Finished Sqft
2743.00
Garage Stalls
2
Lot Dimensions
0x0x0x0
Acres
0.16
Assessment Pending
No
Below Grd Total SqFt
0

Property Features

Accessible: None Basement: Unfinished Construction Status: Previously Owned Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water Laundry: Electric Dryer Hookup; In Basement; Washer Hookup Parking Characteristics: Garage Door Opener Rental License Type: Standard Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
495000
ListPrice
495000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
116
Street Name
Lexington
Street Suffix
Parkway
Street Direction Suffix
N
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55104
Complex/Dev/Subdivision
Summit Park Add To, St Pa

Assessments

Tax With Assessments
5741
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2743

More Information

Income and Expenses

Annual Electric Expense
2725
Annual Gross Expenses
6875
Annual Gross Income
41080
Annual Insurance Expense
7266
Annual Trash Expense
1456
Annual Water/Sewer Expense
1280
Total Annual Expenses
19602
Annual Caretaker Expense
0
Annual Fuel Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
420
Garage Door Opener
Yes

Public Survey Info

Range#
23
Section#
02
Township#
28

Unit 1

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
Annual Rent
15300
Finished SqFt
1288
Full Baths
Yes
Monthly Rent
1275
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
Yes
Level
2nd Level
Unit Number
2
Annual Rent
13287
Finished SqFt
705
Full Baths
Yes
Monthly Rent
1107
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
6

Unit 3

Furnished?
No
Leased?
Yes
Level
2nd Level
Unit Number
3
Annual Rent
14352
Finished SqFt
705
Full Baths
Yes
Monthly Rent
1196
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
6

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
SUMMIT PARK ADDITION TO ST PA ELY 8.61 FT OF LOT 14 & ALL OF LOT 13 BLK 42
Listing City
Saint Paul
Map Page
107
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Zip Plus 4
7925
Property ID Number
022823230134
Tax Year
2026
Tax Amount
5741
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Fantastic opportunity to own a 2-story triplex in a prime Saint Paul location! The spacious main-floor unit features 2 bedrooms, 1 full bath, a cozy fireplace, and a formal dining room, offering plenty of charm and comfortable living space. The upper level includes two separate units, each featuring 1 bedroom and 1 full bath. A detached 2-car garage provides valuable off-street parking and added convenience. Ideally located just a few blocks from Mitchell Hamline School of Law, Concordia University, and Grand Avenue, with easy access to restaurants, shopping, entertainment, parks, and public transportation. An excellent opportunity for an owner-occupant or investor looking for a well-positioned multi-family property in the heart of Saint Paul. Live in one unit and rent the others, or add this versatile triplex to your investment portfolio!
Directions
94 to Lexington - South to Home. Corner of Lexington & Laurel

Accessible

None
Yes

Basement

Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Laundry

Electric Dryer Hookup
Yes
In Basement
Yes
Washer Hookup
Yes

Rental License Type

Standard
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Fuel
Yes
IDX
Listing Office: JL Elite Realty
Last Updated: August - 20 - 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.