This 1940s triplex offers a great investment opportunity or the perfect owner-occupied home with rental income. Situated on a double lot, this property has 5 beds, 3 baths, 2 car detached garage and 1 car attached garage. Several major updates have been completed over the past 2 years. New roof (2023), new plumbing in all units (2024), new deck (2024), fully renovated lower unit (2024) and a newer boiler. The lower level is a 1-bed/1-bath unit and is currently vacant. The 1st floor is a 2-bed/1-bath unit occupied by a long-term Section 8 tenant, paying $1,500 per month with a lease through October 2025. The upper unit is a 2-bed/1-bath and rents for $1,100 per month with a lease through March 2025. Don't miss this rare opportunity to own a triplex with stable cash flow and recent updates—ideal for both investors and owner-occupants looking to offset their mortgage with rental income.
Closed
$385,000
1048 Lafond Ave, Saint Paul, MN 55104
5beds
3baths
2,638sqft
Triplex
Built in 1948
-- sqft lot
$400,200 Zestimate®
$146/sqft
$1,770 Estimated rent
Home value
$400,200
$360,000 - $444,000
$1,770/mo
Zestimate® history
Owner options
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$1,770/mo
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$1,770/mo
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$2,447/mo
Est. payment
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$2,447/mo
Est. payment
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List your homeWhat's special
New plumbingNew deckNewer boilerNew roofFully renovated lower unitDouble lot
Zillow last checked:
Listing updated:
Listed by:
Lisa J. Proechel 651-203-1835,
Keller Williams Integrity Realty
Bought with:
Demissie G Kebede
Universal Realty LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6633562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: In Basement, Common Area
Features
- Basement: Finished,Full,Walk-Out Access
Interior area
- Total structure area: 2,638
- Total interior livable area: 2,638 sqft
- Finished area above ground: 2,018
- Finished area below ground: 620
Property
Parking
- Total spaces: 3
- Parking features: Attached, Detached Garage
- Attached garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Deck
Lot
- Size: 8,712 Square Feet
- Dimensions: 70 x 125
Details
- Foundation area: 1011
- Parcel number: 352923220157
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: John A Cokes Add To, St
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $146/sqft
- Tax assessed value: $345,700
- Annual tax amount: $5,160
- Date on market: 11/20/2024
- Cumulative days on market: 13 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2024 | Sold | $385,000$146/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6633562 Report a problem | ||
| 12/3/2024 | Pending sale | $385,000$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6633562 Report a problem | ||
| 11/20/2024 | Listed for sale | $385,000+101.8%$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6633562 Report a problem | ||
| 7/11/2022 | Sold | $190,830+9.4%$72/sqft |
Source: Public Record Report a problem | ||
| 12/11/2007 | Sold | $174,400+50.3%$66/sqft |
Source: Public Record Report a problem | ||
| 5/11/2007 | Sold | $116,000$44/sqft |
Source: Agent Provided Report a problem | ||
| 1/11/2005 | Sold | $116,000-59.6%$44/sqft |
Source: Public Record Report a problem | ||
| 7/15/2004 | Sold | $287,000+138.2%$109/sqft |
Source: Public Record Report a problem | ||
| 9/30/1998 | Sold | $120,500$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,330 -5.9% | $345,700 +23.4% |
| 2024 | $5,664 -39.3% | $280,200 |
| 2023 | $9,328 +17% | $280,200 -2.7% |
| 2022 | $7,974 +33.8% | $288,100 +9% |
| 2021 | $5,958 +26.7% | $264,300 +10.1% |
| 2020 | $4,704 +27.7% | $240,000 +16.9% |
| 2019 | $3,682 | $205,300 |
| 2018 | $3,682 -33.5% | $205,300 +11.9% |
| 2017 | $5,540 | $183,400 |
| 2016 | $5,540 +28.7% | -- |
| 2015 | $4,304 -0.4% | $177,500 |
| 2014 | $4,322 +8.3% | -- |
| 2013 | $3,992 -12% | -- |
| 2012 | $4,536 +21.3% | -- |
| 2011 | $3,738 | -- |
| 2010 | -- | -- |
| 2009 | $3,142 -9.6% | -- |
| 2008 | $3,476 -4.5% | -- |
| 2007 | $3,640 +18.7% | -- |
| 2006 | $3,066 +14.5% | -- |
| 2005 | $2,678 +8.3% | -- |
| 2004 | $2,472 +7.8% | -- |
| 2003 | $2,294 +58.9% | -- |
| 2002 | $1,444 -11.8% | -- |
| 2001 | $1,638 +36.2% | -- |
| 2000 | $1,203 | -- |
Find assessor info on the county website
Neighborhood: Thomas Dale
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Nearby schools
GreatSchools rating
- 1/10Maxfield Magnet Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Hidden River Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Central Senior High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$400,200
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Estimated market value
$400,200
- Minnesota
- Ramsey County
- Saint Paul
- 55104
- Thomas Dale
- 1048 Lafond Ave
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