About 583 Holly Avenue
Come take a look at this fully-occupied 8-unit multifamily investment opportunity located in the Summit-University neighborhood. Tenants love the layout of these units & commonly use 3/8 units as 3 BR or 2BR+ den units (using the sun room leading to the porch as a 3rd bedroom) Each unit has its own boiler and water heater. Tenants pay ALL their own Gas (cooking & heat) - so the owner has below average utility costs. The units feature classic architectural character like high ceilings, original woodwork, built-in cabinetry, and large porches! The longer-term tenants rent below market & have opportunities to increase with pet & off-street parking income. Leases have a mix of MTM and expirations into late 2026, offering stability and flexibility for a buyer to immediately implement their own lease terms Located centrally between downtown St Paul & Minneapolis for quick commutes, nearby grocery shopping, restaurants, and nightlife. Reach out to the listing agents for more financial information and tours
Features of 583 Holly Avenue
| MLS® # | 6642470 |
|---|---|
| Price | $1,097,000 |
| Bedrooms | 15 |
| Bathrooms | 8.00 |
| Acres | 0.16 |
| Year Built | 1890 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 583 Holly Avenue |
|---|---|
| Area | 101 |
| Subdivision | Woodland Park Addition, To St |
| City | Saint Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55102 |
Amenities
| Utilities | Electric Separate, Heating Separate, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Age Over 8 Years, Flat, Rubber |
|---|
School Information
| District | St. Paul |
|---|
Additional Information
| Days on Market | 337 |
|---|---|
| Zoning | Business/Commercial,Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $24,812 |
Listing Details
| Office | MRG Realty Partners, LLC |
|---|