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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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394 Pierce St N , Saint Paul, MN 55104
$565,000
Est. Payment: $2,919.06/mo
7 Bed
7 Bath
8544 Sqft
Status: Contingent - Subject to Financing | Days on site: 38
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26013 - 506017223,506021198
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House Description

Investors who have been looking for a clean, cashflowing property, this may be just what you've been looking for! This well maintained 7 unit building is an easy to operate, easy to manage investment at a price that is hard to find in today's market. All seven one bedroom units are occupied, six of the seven residents have been in place for more than two years, and there has been no turnover in the past twelve months. The seller has invested thousands in upgrades, including a new boiler in 2024 and an updated water heater in 2022. Leases already include utility chargebacks for water, sewer, and trash, putting roughly $3,000 per year back on the bottom line. There is also untapped income sitting on the table. Parking and storage are currently offered at no charge, and rents average under $900 against a market in the $970 to $1,050 range. A buyer willing to put in a little work on marketing and presentation, professional photos and floor plans are already on file, has real income upside waiting to be captured. The location could not be more convenient. Centrally positioned between the downtowns, roughly 10 minutes to downtown St Paul and 15 minutes to downtown Minneapolis, just north of I-94, and about a 5 minute walk (0.3 miles) to the Green Line's Snelling Avenue Station. The A Line rapid bus and local routes on Snelling and University are a short walk away, and Allianz Field, Hamline University, and the Midway's shopping and restaurants are all close by. A cared for building with dependable income today and real upside for the buyer ready to roll up their sleeves and capture it.
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Highlights

Listed by Nathan Schammel , 651-955-4255 and Luke Hermanson , 651-428-7814 MRG Realty Partners, LLC , 651-900-4386. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1958

County

Ramsey

 Neighborhood

Milham Park, Ramsey Co, , Minn

 School District

St. Paul

Listing ID

7104912

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:
Air Cond:Wall Unit(s),Window Unit(s)
Fireplaces:
Water:City Water/Connected

Exterior Features

Lot Dimensions:120 x 60
Zoning:Business/Commercial,Residential-Multi-Family
Roof:Age Over 8 Years
Sewer:City Sewer/Connected
Parking Features:Parking Lot
Principal Interest
$2,919
Taxes
$1,125

Home Price

$565,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$113,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,919.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,919.06 $1,124.85 $0.00 $4,043.90
Yearly $35,028.67 $13,498.16 $0.00 $48,526.83
Total $1,050,859.96 $404,944.80 $0.00 $1,455,804.76
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Saint Paul, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T08:58:07.000Z

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