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Rick Theisen
REALTOR®, ABR ,CRS,GRI,SFR
(612) 554-1862

787 Watson Avenue, Saint Paul, MN 55102

$389,000
SQUARE FEET 2,073
MLS# 7131546
  • 787 Watson Avenue, Saint Paul, MN 55102 Main Photo

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Rick Theisen

Rick Theisen
Call: (612) 554-1862

STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Clarkes Add
SCHOOL: St. Paul

Property Description

This 1889-built duplex in St. Paul's sought-after West 7th neighborhood, offers immediate income from day one with multiple ways to increase its earning potential. The vacant 3-bedroom, 1-bath lower unit is freshly updated with new flooring, paint, lighting and ceiling fans, ready for an owner-occupant or new tenant. Upstairs, an existing tenant is leased at $1,900/month through June 2027, helping offset your mortgage from day one. Here's where it gets interesting. The upper level includes a 1-bedroom/1-bath + loft AND a separate studio with its own entrance and ¾ bath. After the lease ends, explore converting the studio into a conforming third unit by adding a kitchenette, plumbing, separate utilities and obtaining required City approvals. Prefer to rent the entire property? The lower unit has an estimated market rent of approximately $2,100/month, creating potential for roughly $4,000/month in combined gross rent in its current duplex configuration. Each unit has its own washer/dryer, and major improvements including the roof, water heater, sump pump and appliances. An oversized 24x19 detached 2-car garage with tall ceilings, a small office and additional storage potential adds even more flexibility. Located in West 7th with convenient access to downtown St. Paul, Xcel Energy Center, United Hospital, MSP Airport, Mississippi River recreation, dining and entertainment. House hack it. Rent both units. Explore a third unit. Maximize the garage. One property. Multiple ways to create income. Schedule your showing and see the possibilities for yourself.

787 Watson Avenue | MLS# 7131546

This multi-family property located at 787 Watson Avenue, Saint Paul, MN 55102 is currently listed for sale with an asking price of $389,000. Watson Avenue is located within the St. Paul school district. Search Saint Paul real estate on rtheisen.counselorrealty.com today.

Upcoming Open Houses

Open House Saturday October 10th, 11:00am - 1:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Garage: 2
Heating: Baseboard
Lot Size: 0.11 Acres
Taxes: $7,336
Year Built: 1889

Feature Descriptions

Days on Site: 1
Foundation Size: 1190
Lot: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Lot Dimensions: 36x120
Owners Expense: Common Area Maintenance, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Repairs, Sewer, Trash Collection, Water
Parcel#: 112823420157
Parking: Detached Garage
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Telephone
Units: 2
Water: City Water/Connected

Local Schools

School District: St. Paul

Listed By / Shown By

Listed By

Agency Name: JPW Realty
Agency Phone: 763-225-1300

Shown By

Agent Name: Rick Theisen
Agent Phone: (612) 554-1862
Agency Title: Counselor Realty

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Estimated Payment

$ 2,795.21 per month $2,070.42 Principal & Interest $611.33 Property Tax $113.46 Homeowner's Insurance

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