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694 Marshall Avenue, Saint Paul, MN 55104

$535,000

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Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 5,164 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $535,000 List Date: 5/16/2026 Last Modified: 6/26/2026

Overview

Description

Rare opportunity to own an exceptionally large up and down duplex in one of St Pauls most accessible and consistently high-demand rental areas. Both units feature spacious multi-level 3-bedroom layouts totaling approximately 1,700 square feet each with abundant natural light, hardwood floors, and strong long-term tenant appeal. Property sits on a large double lot with substantial side yard space along with a detached garage for tenant parking or storage and additional gravel surface off-street parking. Conveniently located near the Selby-Dale neighborhood, public transportation, restaurants, shopping, cafes, and other neighborhood amenities with easy access to downtown St Paul and major transportation corridors. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies. Exceptional value-add oppor ... (Read more)

Listing Details MLS# 7074742

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1894
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1377
Above Ground SqFt: 3787
Below Grd Total SqFt: 1377
Total SqFt: 5164
Foundation Size: 1377
Style: (MF) Duplex Up and Down
Total Finished Sqft: 5164.00
Garage Stalls: 2
Lot Dimensions: 40x162
Acres: 0.14
Assessment Pending: Yes

Property Features

Accessible: Doors 36"+ Assumable Loan: Not Assumable Basement: Concrete Block; Full; Owner Access; Partially Finished; Shared Access; Single Tenant Access Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Metal; Vinyl Fencing: Partial Foundation: Combination; Concrete Block; Concrete Perimeter Fuel: Electric; Natural Gas Heating: Boiler; Hot Water; Radiant Internet Options: Cable Laundry: In Basement; Laundry Room Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Electricity; Gas; See Remarks; Sewer; Trash Collection; Water Parking Characteristics: Gravel Lot; Unassigned Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Tenant Pays: Electricity; Fuel; Gas; Heat; See Remarks Topography: Level Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room Unit 1 Family Room Characteristics: Family Room Unit 1 Special Search: Main Floor Primary Unit 2 Amenities: Main Floor Primary Bedroom; Porch; Skylight Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Eat In Kitchen; Informal Dining Room; Living/Dining Room Unit 2 Family Room Characteristics: Family Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 555750
ListPrice: 535000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 694
Street Name: Marshall
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Holcombes Add To, Saint P

Assessments

Assessment Balance: 1450
Tax With Assessments: 8608

Building Information

Finished SqFt Above Ground: 3787
Finished SqFt Below Ground: 1377

More Information

Income and Expenses

Annual Gross Income: 42576
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 20
Garage Door Height: 7
Garage Door Width: 12
Garage Square Feet: 400
Gravel Lot: Yes
Unassigned: Yes

Public Survey Info

Range#: 23
Section#: 02
Township#: 28

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 20892
Finished SqFt: 2477
Full Baths: Yes
Monthly Rent: 1741
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 21884
Finished SqFt: 2400
Full Baths: Yes
Monthly Rent: 1807
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 4

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: HOLCOMBES ADDITION TO SAINT P LOT 5 BLK 2
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2659
Property ID Number: 022823110027
Tax Year: 2026
Tax Amount: 7158
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity to own an exceptionally large up and down duplex in one of St Pauls most accessible and consistently high-demand rental areas. Both units feature spacious multi-level 3-bedroom layouts totaling approximately 1,700 square feet each with abundant natural light, hardwood floors, and strong long-term tenant appeal. Property sits on a large double lot with substantial side yard space along with a detached garage for tenant parking or storage and additional gravel surface off-street parking. Conveniently located near the Selby-Dale neighborhood, public transportation, restaurants, shopping, cafes, and other neighborhood amenities with easy access to downtown St Paul and major transportation corridors. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies. Exceptional value-add opportunity in one of St Pauls strongest rental markets.
Directions: Its on Marshall avenue

Accessible

Doors 36"+: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Full: Yes
Owner Access: Yes
Partially Finished: Yes
Shared Access: Yes
Single Tenant Access: Yes

Construction Materials

Block: Yes
Concrete: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Metal: Yes
Vinyl: Yes

Fencing

Partial: Yes

Foundation

Combination: Yes
Concrete Block: Yes
Concrete Perimeter: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes
Radiant: Yes

Internet Options

Cable: Yes

Laundry

In Basement: Yes
Laundry Room: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Gas: Yes
See Remarks: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes
Front Porch: Yes
Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes
Two: Yes

No. of Refrigerators

One Per Unit: Yes
Two: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes
See Remarks: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes
Kitchen/Dining Room: Yes

Unit 1 Family Room Characteristics

Family Room: Yes

Unit 1 Special Search

Main Floor Primary: Yes

Unit 2 Amenities

Main Floor Primary Bedroom: Yes
Porch: Yes
Skylight: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes
Living/Dining Room: Yes

Unit 2 Family Room Characteristics

Family Room: Yes

Listing Office: Gold Group Realty, LLC

Last Updated: June - 26 - 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.