402 Hope Street, Saint Paul, MN 55106
$5,525,000
Property Type:
Commercial
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$5,525,000
List Date:
5/09/2026
Last Modified:
5/27/2026
Listing Details MLS# 7069580
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 32
- Owner Occupied
- No
- Waterfront Present
- No
- Year Built
- 1887
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Foundation Size
- 20009
- Garage Stalls
- 13
- For Sale or Lease
- For Sale
- Acres
- 0.11
- Lot Dimensions
- IRREGULAR
- Assessment Pending
- No
Property Features
Accessible:
None
Appliances:
Range; Refrigerator
Basement:
Other
CMU Style:
Duplex Side by Side; Duplex Up and Down
Construction Status:
Previously Owned
Current Use:
Residential
Exterior:
Aluminum Siding; Brick/Stone; Fiber Board; Stucco; Vinyl; Wood
Fencing:
Chain Link; Full; Partial; Privacy; Wood
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Forced Air
Loan Terms:
Cash; Special Funding; Other
Lot Description:
Corner Lot; Irregular Lot; Public Transit (w/in 6 blks)
On Site Utilities:
Electric Separate; Heating Separate
Parking Characteristics:
Parking Lot; Driveway - Shared; Uncovered/Open; Other
Potential Use:
Income
Rental License Type:
Standard
Road Frontage:
City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility:
Public Maintained Road
Roof:
Asphalt Shingles
Sewer:
City Sewer/Connected
Stories:
Two
Water:
City Water/Connected
Contract Information
- Contingency
- None
- ListPrice
- 5525000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 402
- Street Name
- Hope
- Street Suffix
- Street
- Postal City
- Saint Paul
- County
- Ramsey
- State
- MN
- Zip Code
- 55106
- Complex/Dev/Subdivision
- Hillcrest
Assessments
- Tax With Assessments
- 23056
- Assessment Balance
- 0
- Assessment Installment
- 0
Building Information
- Building Finished SqFt
- 41826
- Building SqFt
- 41826
More Information
Income and Expenses
- Annual Gross Expenses
- 295120
- Annual Gross Income
- 505302
- Annual Net Income
- 210182
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Square Feet
- 3606
- Parking Lot
- Yes
- Driveway - Shared
- Yes
- Uncovered/Open
- Yes
- Other
- Yes
Public Survey Info
- Range#
- 22
- Section#
- 32
- Township#
- 29
Sale Options
- Sale Includes
- Fixture/Equipment, Land, Rental License
Unit 1
- No. of 1 Bedroom Units
- Yes
Unit 2
- No. of 2 Bedroom Units
- 10
Unit 3
- No. of 3 Bedroom Units
- 21
Unit Details
- Total Units
- 35
Office/Member Info
- Association
- SPAAR
Location, Tax and Other Information
- Legal Description
- Multiple Legal Descriptions
- Listing City
- Saint Paul
- Map Page
- 108
- Municipality
- Saint Paul
- School District
- St. Paul
- School District Phone
- 651-767-8100
- Zip Plus 4
- 5031
- Property ID Number
- TBD
- Tax Year
- 2026
- Tax Amount
- 23056
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition opportunities.
- Directions
- Mounds Blvd to 6th-East to Hope-North to property.
Accessible
- None
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
Basement
- Other
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Aluminum Siding
- Yes
- Brick/Stone
- Yes
- Fiber Board
- Yes
- Stucco
- Yes
- Vinyl
- Yes
- Wood
- Yes
Fencing
- Chain Link
- Yes
- Full
- Yes
- Partial
- Yes
- Privacy
- Yes
- Wood
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Lot Description
- Corner Lot
- Yes
- Irregular Lot
- Yes
- Public Transit (w/in 6 blks)
- Yes
Patio, Porch and Deck Features
- Covered
- Yes
- Front Porch
- Yes
- Patio
- Yes
- Porch
- Yes
Rental License Type
- Standard
- Yes
Road Frontage
- City Street
- Yes
- Curbs
- Yes
- Paved Streets
- Yes
- Sidewalks
- Yes
- Storm Sewer
- Yes
- Street Lights
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Roof
- Asphalt Shingles
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- Two
- Yes
Water
- City Water/Connected
- Yes
No. of Ranges
- One Per Unit
- Yes
- Six or More
- Yes
No. of Refrigerators
- One Per Unit
- Yes
- Six or More
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Separate
- Yes
CMU Style
- Duplex Side by Side
- Yes
- Duplex Up and Down
- Yes
Current Use
- Residential
- Yes
Loan Terms
- Cash
- Yes
- Special Funding
- Yes
- Other
- Yes
Potential Use
- Income
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: May - 27 - 2026
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