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Alexis Peters
(218) 850-1205
Counselor Realty, Inc |
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402 Hope Street, Saint Paul, MN 55106
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Hillcrest
SCHOOL: St. Paul
Property Description
991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
Property Features
Property Type: Commercial - Business Fuel Type: Natural Gas Garage: 13 Heating: Forced Air Lot Size: 0.11 Acres Roof Type: Asphalt Stories: 2.0 Taxes: $23,056 Year Built: 1887
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Other
Current Use: Residential
Days on Site: 8
Foundation Size: 20009
Lot: Public Transit (w/in 6 blks), Corner Lot, Irregular Lot
Lot Dimensions: IRREGULAR
Parcel#: TBD
Parking: Attached Garage, Asphalt, Shared Driveway, On-Street Parking Only, Other, Parking Lot, Open
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Sale Includes: Fixture/Equipment, Land, Rental License
Sewer: City Sewer/Connected
Units: 35
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Agency Name: Coldwell Banker Realty
Agency Phone: 651-698-2481
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402 Hope Street | MLS# 7069580
This commercial property located at 402 Hope Street, Saint Paul, MN 55106 is currently listed for sale with an asking price of $5,525,000. Hope Street is located within the St. Paul school district. Search Saint Paul real estate on apeters.counselorrealty.com today.