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1599 Rice Street, Saint Paul, MN 55117

$747,000

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Property Type: Multi-Family Bedrooms: 14 Baths: 6 Square Footage: 6,712 Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $747,000 List Date: 5/26/2026 Last Modified: 7/21/2026

Overview

Description

Well-maintained 2004-built 4-plex offering an excellent opportunity for both investors and owner-occupants. Property features two 3-bedroom/1-bath units and two 4-bedroom/2-bath units, each with spacious layouts, individual entrances, and direct garage access. All units include in-unit laundry and are separately metered with separate utilities for ease of management. Property also offers 5 total parking spaces and easy access to nearby freeways, enhancing commuter convenience and tenant appeal. Strong rental demand potential with functional floor plans and well-kept condition throughout. Excellent turnkey multifamily investment opportunity.

Listing Details MLS# 7078753

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 2004
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 3404
Below Grd Total SqFt: 3308
Total SqFt: 6712
Foundation Size: 3308
Style: (MF) Four Plex
Total Finished Sqft: 6712.00
Garage Stalls: 4
Lot Dimensions: 75ftx123ft
Acres: 0.21
Assessment Pending: No
Main Floor Total SqFt: 0

Property Features

Accessible: None Basement: None Construction Status: Previously Owned Exterior: Vinyl Financing Terms: FHA Foundation: Poured Concrete Fuel: Electric; Natural Gas Heating: Forced Air Lock Box Type: Combo Owner Pays: Maintenance/Repair; Water Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas Unit 1 Appliances: Stainless Steel Appliances; Dryer; Freezer; Range; Refrigerator; Washer Unit 1 Cooling: Central Unit 2 Appliances: Stainless Steel Appliances; Dryer; Range; Refrigerator; Washer Unit 2 Cooling: Central Unit 3 Appliances: Stainless Steel Appliances; Dryer; Freezer; Range; Refrigerator Unit 3 Cooling: Central Water: City Water/Connected

Contract Information

Off Market Date: 2026-07-17
Contingency: None
Closed Date: 2026-07-17
Original List Price: 699000
ListPrice: 699000
Sales Close Price: 747000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1599
Street Name: Rice
Street Suffix: Street
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55117
Complex/Dev/Subdivision: Rice Street Villas

Assessments

Tax With Assessments: 16956
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3404
Finished SqFt Below Ground: 3308

More Information

Income and Expenses

Annual Gross Expenses: 6900
Annual Gross Income: 93600
Annual Insurance Expense: 4800
Annual Maintenance Expense: 2500
Annual Water/Sewer Expense: 4800
Total Annual Expenses: 6900
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 305

Public Survey Info

Range#: 23
Section#: 24
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: Yes
Annual Rent: 23400
Finished SqFt: 980
Full Baths: Yes
Monthly Expense: 80
Monthly Rent: 1950
No. of Units Like This: 2
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Unit Number: 2
Annual Rent: 24996
Finished SqFt: 1635
Full Baths: 2
Monthly Expense: 80
Monthly Rent: 2083
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 10

Unit 3

Furnished?: No
Lease Expiration Date: 2027-01-31
Leased?: Yes
Unit Number: 3
Annual Rent: 25800
Finished SqFt: 1635
Full Baths: 2
Monthly Expense: 80
Monthly Rent: 2150
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 10

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: RICE STREET VILLAS LOT 8 BLK 8
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2803
Property ID Number: 242923110128
Tax Year: 2025
Tax Amount: 16956
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well-maintained 2004-built 4-plex offering an excellent opportunity for both investors and owner-occupants. Property features two 3-bedroom/1-bath units and two 4-bedroom/2-bath units, each with spacious layouts, individual entrances, and direct garage access. All units include in-unit laundry and are separately metered with separate utilities for ease of management. Property also offers 5 total parking spaces and easy access to nearby freeways, enhancing commuter convenience and tenant appeal. Strong rental demand potential with functional floor plans and well-kept condition throughout. Excellent turnkey multifamily investment opportunity.
Directions: From I-35E, take the Wheelock Pkwy exit and head west. Pass Rice St, then immediate access/entrance via Wheelock Pkwy.

Accessible

None: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Financing Terms

FHA: Yes

Foundation

Poured Concrete: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Maintenance/Repair: Yes
Water: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Cooling

Central: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Cooling

Central: Yes

Unit 3 Appliances

Stainless Steel Appliances: Yes
Dryer: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Central: Yes

Listing Office: HomeSmart Sapphire Realty

Last Updated: July - 21 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.