1129 Payne Avenue Saint Paul
$275,000 | 2 Bed 1 Bath 2,614 sqft |1889 Built
📍 Property Details
Address: 1129 Payne Avenue, Saint Paul, MN 55130
MLS #: 6671986
Status: Active
Beds/Baths: 2 Beds | 1 Bath
Finished Sq Ft: 2,614 sqft
Year Built: 1889
Garage Spaces: 2
Lot Size: 2,744 sqft | 0.06 acres
Zoning: Mixed Use (Commercial + Residential)
Neighborhood: Payne-Phalen
School District: St. Paul
💫 What Makes This Property Special
Income-Producing Mixed-Use Opportunity
This unique two-story, mixed-use property offers both commercial and residential rental potential. The street-level retail/commercial space provides great visibility and walk-in traffic, while the upper-level apartment offers additional rental income.
With estimated rents of $2,500 for the commercial space and $1,350 for the residential unit, this is a fantastic investment opportunity. The property is mortgage-free and ready for a new owner to bring their vision.
✨ Notable Features
• 2 total units – commercial below, residential above
• Brick/Stone & Vinyl exterior for durability
• Hot water heating system (natural gas)
• City sewer and water connected
• Foundation size: 1,200 sqft
• Basement: Unfinished
• Zoned: Other (Mixed Use)
• Lot Dimensions: 30 x 90
• Development: Joseph R Weides Add
• Garage: 2 stalls, rear access
🛎 Ready to See It for Yourself?
1129 Payne Avenue offers a rare opportunity to own a versatile, income-producing property in the heart of Saint Paul. Whether you're an investor looking to expand your portfolio or a business owner seeking a live/work solution, this mixed-use building delivers on potential, location, and value.