Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a
.21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages.
PROPERTY HIGHLIGHTS :
Built in 2004 with modern amenities throughout
Individual HVAC systems for each unit
In-unit washer/dryer connections
Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage
4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit)
Excellent condition with minimal deferred maintenance
Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)
Pending
Price cut: $20K (12/18)
$810,000
1599 Rice St, Saint Paul, MN 55117
14beds
6baths
5,230sqft
Est.:
Quadruplex
Built in 2004
-- sqft lot
$-- Zestimate®
$155/sqft
$-- HOA
What's special
Wood flooringModern amenitiesStainless steel appliancesIndividual hvac systemsAmple storage
- 277 days |
- 337 |
- 17 |
Zillow last checked: 8 hours ago
Listing updated: February 20, 2026 at 07:09am
Listed by:
David Kampmeyer 612-718-4444,
Real Broker, LLC,
Grant Johnson, GRI 651-324-3787
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6728027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
Heating
- Forced Air
Features
- Basement: None
Interior area
- Total structure area: 5,230
- Total interior livable area: 5,230 sqft
- Finished area above ground: 5,230
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Attached garage spaces: 4
- Details: Garage Dimensions (25.1 x 12.2)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 9,147.6 Square Feet
- Dimensions: 75ft x 123ft x 75ft x 123ft
Details
- Foundation area: 4004
- Parcel number: 242923110128
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water - In Street
Community & HOA
Community
- Subdivision: Rice Street Villas
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $15,600
- Annual tax amount: $12,228
- Date on market: 5/29/2025
- Cumulative days on market: 210 days
Estimated market value
Not available
Estimated sales range
Not available
$2,031/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Pending sale | $810,000$155/sqft |
Source: | ||
| 12/18/2025 | Price change | $810,000-2.4%$155/sqft |
Source: | ||
| 11/6/2025 | Listed for sale | $829,999$159/sqft |
Source: | ||
| 10/30/2025 | Pending sale | $829,999$159/sqft |
Source: | ||
| 10/3/2025 | Listed for sale | $829,999$159/sqft |
Source: | ||
| 8/4/2025 | Pending sale | $829,999$159/sqft |
Source: | ||
| 5/29/2025 | Listed for sale | $829,999+167.7%$159/sqft |
Source: | ||
| 12/29/2009 | Sold | $310,000$59/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | -- | -- |
| 2021 | $348 +10.1% | $15,600 |
| 2020 | $316 +0.6% | $15,600 |
| 2019 | $314 | $15,600 |
| 2018 | $314 -9.8% | $15,600 |
| 2017 | $348 | $15,600 |
| 2016 | $348 +10.1% | -- |
| 2015 | $316 -7.1% | $15,600 |
| 2014 | $340 -2.3% | -- |
| 2013 | $348 +8.1% | -- |
| 2012 | $322 +13.4% | -- |
| 2011 | $284 | -- |
| 2010 | -- | -- |
| 2009 | $1,084 +145.2% | -- |
| 2008 | $442 -1.3% | -- |
| 2007 | $448 -1.3% | -- |
| 2006 | $454 -18.9% | -- |
| 2005 | $560 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,666/mo
Principal & interest
$3815
Property taxes
$851
Climate risks
Neighborhood: North End
Nearby schools
GreatSchools rating
- 7/10Chelsea Heights Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 3/10Murray Middle SchoolGrades: 6-8Distance: 4.3 mi
- 2/10Como Park Senior High SchoolGrades: 9-12Distance: 1.6 mi



