Homes for sale - 1051 Hudson RD, Saint Paul, MN 55106

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Josh Genz

josh@midwestlifestyleproperties.com +1(608) 797-7230

$ 350,000

Est. payment | -/mo

4,791 Sqft Lot

Save

$ 350,000

Est. payment | -/mo

Save

4,791 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Scottens Sub Of B71 Lyman Day

MLS Listing ID 6808082

Year Built 1925

Annual Tax Amount $6,656

Tax Year 2025

Contingent None

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 38 x 124

Property Description

This mixed-use property features one retail or office space and two residential units, offering both immediate cash flow and long-term upside. The commercial unit spans approximately 1,200 square feet and is ideal for retail, office, or service-based businesses, with a projected market rent of up to $1,300 per month. The residential units include a spacious two-bedroom, one-bath apartment and a well-designed studio apartment, projected to rent for $1,300 and $850 per month respectively. Together, the property produces a potential gross monthly income of $3,450 and an annual gross of $41,400, making it an attractive income-producing investment based on the income approach.
Positioned directly on the light rail line and along the newly constructed Gold Line rapid transit corridor, this property stands at the intersection of accessibility and future growth. The Saint Paul Downtown Alliance and the City of Saint Paul have launched an ambitious initiative to repurpose downtown office buildings into 20,000 to 30,000 new residential units. This plan is expected to drive increased ridership, local business activity, and urban revitalization, creating a ripple effect that will make properties along the Gold Line even more valuable in the years to come.
Beyond its strong fundamentals, the property's flexibility adds a unique layer of opportunity. The commercial space could be leased traditionally or adapted for specialized use, while the residential units could also serve as short-term or mid-term rentals catering to business travelers and transit users. Investors seeking additional scale have the option to acquire the adjoining property at 365 Earl Street for a package sale, further enhancing income potential and property value.
In short, this mixed-use building offers more than stable returns; it provides a foothold in one of Saint Paul's most strategically positioned transit corridors. With reliable cash flow today and significant appreciation potential tied to the city's long-term development plan, this property represents both solid investment performance and promising future upside.
Buyer agent to verify all measurements.

Location

State MN

County Ramsey

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Leases, Rental License

Fireplace No

Exterior

Parking Features Gravel, On-Street Parking Only, Open

Utilities Available Electric Separate

Present Use Commercial

Building

Foundation 4712

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District St. Paul

Listed by William Schultz • Keller Williams Premier Realty

+1(608) 797-7230

josh@midwestlifestyleproperties.com

426 2nd Ave S, Onalaska, WI, 54650, United States

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