738 Magnolia Avenue E, Saint Paul, MN 55106

New Listing
$420,000
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 3,301 Lot Size (sq. ft.): 5,000 Status: Active
Current Price: $420,000 List Date: 7/24/2026 Last Modified: 7/25/2026

Overview

Description

TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a "single family home". All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID. In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come. For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep. Fully rented now, and with tenants paying utilities, what sets this prop ...

Listing Details MLS# 7115880

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1906
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1674
Above Ground SqFt
3301
Total SqFt
3301
Foundation Size
1674
Lot Size SqFt
5000
Style
(MF) Other
Total Finished Sqft
3301.00
Lot Dimensions
40x125
Assessment Pending
No
Below Grd Total SqFt
0
Garage Stalls
0

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned; Patio; Porch Basement: Full; Unfinished Construction Status: Previously Owned Exterior: Shakes; Stucco Foundation: Other Fuel: Natural Gas Heating: Boiler Laundry: In Basement Lock Box Type: Supra Road Frontage: City Street Road Responsibility: Public Maintained Road Sellers Terms: Cash; Contract for Deed; Conventional; FHA; Partial Sale Psble; Trade; VA; Other Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity; Gas; Heat Unit 1 Amenities: Hardwood Floors; Porch; Tile Floors Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Upper Level Full Bath Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room Unit 1 Family Room Characteristics: Main Level Unit 2 Amenities: Hardwood Floors; Porch; Tile Floors Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Family Room Characteristics: Main Level Unit 3 Amenities: Hardwood Floors; Tile Floors Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Full Primary Unit 3 Dining Room Description: Informal Dining Room Unit 3 Family Room Characteristics: Family Room Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
420000
ListPrice
420000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
738
Street Name
Magnolia
Street Suffix
Avenue
Street Direction Suffix
E
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55106
Complex/Dev/Subdivision
Arlington Hills Add B40&45-49

Assessments

Tax With Assessments
11000
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3301

More Information

Income and Expenses

Annual Gross Income
51720
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

Public Survey Info

Range#
22
Section#
29
Township#
29

Unit 1

Furnished?
No
Lease Expiration Date
2027-04-30
Leased?
Yes
Level
Multi-Level
Unit Number
Yes
Annual Rent
18900
Finished SqFt
1100
Full Baths
Yes
Monthly Rent
1575
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
7

Unit 2

Furnished?
No
Lease Expiration Date
2027-03-31
Leased?
Yes
Level
Main Level
Unit Number
2
Annual Rent
16500
Finished SqFt
1000
Full Baths
Yes
Monthly Rent
1375
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 3

Furnished?
No
Lease Expiration Date
2027-05-31
Leased?
Yes
Level
2nd Level
Unit Number
3
Annual Rent
16320
Finished SqFt
1000
Full Baths
Yes
Monthly Rent
1360
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
ARLINGTON HILLS ADD B4045 49 LOT 1 BLK 3
Listing City
Saint Paul
Map Page
108
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Zip Plus 4
1929
Property ID Number
292922140034
Tax Year
2026
Tax Amount
11000
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
TWO BUILDINGS included: 738 Magnolia, a traditional duplex, AND 1073 Walsh, a "single family home". All three units currently rented, with tenants paying utilities. It's an exceptional investment or down-the-road owner-occupant opportunity with a rare configuration: a fully renovated duplex and a separate, updated single-family home sharing the same PID. In 2015, both buildings underwent a full rehab and have been professionally maintained and rented since. Updates include newer roofs, 2 furnaces and a boiler, serving all three units, ensuring reliability and reduced operating costs for years to come. For much of its rental history, the property served a healthcare facility providing transitional housing, where tenants treated the homes with exceptional care. The landlord has cultivated cooperative tenant relationships, resulting in well-preserved interiors, respectful tenants, and a reputation for quality upkeep. Fully rented now, and with tenants paying utilities, what sets this property apart is its built-in versatility and turnkey readiness. The combination of a duplex and single-family residence on one parcel creates diversified income streams, enhanced privacy for residents, and potential for various living arrangements—such as multi-generational housing or house-hacking. Whether you’re an investor looking for a proven, low-maintenance cash-flow asset with strong rental demand or a buyer wanting income to offset a mortgage, 738 Magnolia/1073 Walsh stands out as a thoughtfully updated, resilient property with a track record of success.
Directions
Payne Ave to Magnolia, East to corner of Walsh St. 738 Magnolia is on the corner, 1073 Walsh is around the corner.

Accessible

None
Yes

Amenities Shared

Coin-op Laundry Owned
Yes
Patio
Yes
Porch
Yes

Basement

Full
Yes
Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Shakes
Yes
Stucco
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Laundry

In Basement
Yes

Lock Box Type

Supra
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Sellers Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes
FHA
Yes
Other
Yes
Partial Sale Psble
Yes
Trade
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

No. of Ranges

Three
Yes

No. of Refrigerators

Three
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes
Heat
Yes

Unit 1 Amenities

Hardwood Floors
Yes
Porch
Yes
Tile Floors
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Upper Level Full Bath
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes
Informal Dining Room
Yes

Unit 1 Family Room Characteristics

Main Level
Yes

Unit 2 Amenities

Hardwood Floors
Yes
Porch
Yes
Tile Floors
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes

Unit 2 Family Room Characteristics

Main Level
Yes

Unit 3 Amenities

Hardwood Floors
Yes
Tile Floors
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Bath Description

Full Primary
Yes

Unit 3 Dining Room Description

Informal Dining Room
Yes

Unit 3 Family Room Characteristics

Family Room
Yes

Documents

IDX
Listing Office: RE/MAX Results
Last Updated: July - 25 - 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.
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