Cash flowing triplex home with built-in flexibility! Opportunity awaits with this well maintained three-unit property in Saint Paul's Greater East Side. The basement unit is currently month-to-month, while the middle unit's lease expires August 1, 2026, and then converts to month-to-month, offering flexibility for future occupancy or continued rental income. The upper unit is leased through September 2026, providing immediate cash flow. The upcoming lease transitions create an excellent opportunity for the next owner to adjust occupancy or rental strategy as their needs evolve! Each unit has its own private entrance, creating privacy and convenience. Detached two-car garage, spacious lot, and an ideal location close to parks, schools, restaurants, shopping, and easy commuter routes. A versatile property with options for a wide range of ownership goals! (Please note a 24-hour notice is needed for showings)
Active
Price cut: $5.1K (6/29)
$354,900
1562 Ivy Ave E, Saint Paul, MN 55106
5beds
3baths
2,205sqft
:
Get pre-qualified$2,293/mo
Triplex
Built in 1946
-- sqft lot
$349,800 Zestimate®
$161/sqft
$-- HOA
What's special
- 79 days |
- 339 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Raquel Hanson 612-351-7668,
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7069944
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: Lower Level, Sink
Features
- Basement: Finished
Interior area
- Total structure area: 2,715
- Total interior livable area: 2,205 sqft
- Finished area above ground: 1,755
- Finished area below ground: 450
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Shared Driveway, No Int Access to Dwelling
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck
- Pool features: None
- Fencing: Partial,Wood
Lot
- Size: 0.41 Acres
- Dimensions: 297 x 60
Details
- Foundation area: 1005
- Parcel number: 222922430032
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Section 22 Town 29 Range 22
HOA
- Amenities included: Laundry, Deck
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $372,700
- Annual tax amount: $5,729
- Date on market: 5/7/2026
- Cumulative days on market: 255 days
Estimated market value
$349,800
$332,000 - $367,000
$1,652/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $354,900-1.4%$161/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7069944 Report a problem | ||
| 5/7/2026 | Listed for sale | $360,000$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7069944 Report a problem | ||
| 5/7/2026 | Listing removed | $360,000$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7003712 Report a problem | ||
| 4/15/2026 | Price change | $360,000-4%$163/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7003712 Report a problem | ||
| 3/20/2026 | Price change | $374,900-1.3%$170/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7003712 Report a problem | ||
| 1/2/2026 | Listed for sale | $379,900$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7003712 Report a problem | ||
| 12/15/2025 | Listing removed | $379,900$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6778038 Report a problem | ||
| 11/13/2025 | Price change | $379,900-1.3%$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6778038 Report a problem | ||
| 9/5/2025 | Price change | $385,000-6.1%$175/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6778038 Report a problem | ||
| 9/3/2025 | Listed for sale | $410,000+36.4%$186/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6778038 Report a problem | ||
| 7/16/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/1/2024 | Listed for rent | $1,500+66.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5733131 Report a problem | ||
| 5/18/2021 | Sold | $300,477+5.4%$136/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5733131 Report a problem | ||
| 4/15/2021 | Pending sale | $285,000$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5733131 Report a problem | ||
| 4/12/2021 | Listed for sale | $285,000+56.6%$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5733131 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/10/2018 | Listing removed | $900 |
Source: Owner Report a problem | ||
| 10/18/2018 | Listed for rent | $900+12.5% |
Source: Owner Report a problem | ||
| 5/18/2018 | Listing removed | $800 |
Source: Owner Report a problem | ||
| 3/21/2018 | Listed for rent | $800 |
Source: Owner Report a problem | ||
| 5/2/2016 | Sold | $182,000+1.7%$83/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4653288 Report a problem | ||
| 4/6/2016 | Pending sale | $179,000$81/sqft |
Source: RE/MAX Advantage Plus #4653288 Report a problem | ||
| 4/6/2016 | Listed for sale | $179,000$81/sqft |
Source: RE/MAX Advantage Plus #4653288 Report a problem | ||
| 3/1/2016 | Listing removed | $179,000$81/sqft |
Source: RE/MAX Advantage Plus #4653288 Report a problem | ||
| 12/2/2015 | Listed for sale | $179,000+62%$81/sqft |
Source: RE/MAX Advantage Plus #4653288 Report a problem | ||
| 5/26/2010 | Sold | $110,502-52.1%$50/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1692232 Report a problem | ||
| 7/27/2006 | Sold | $230,500+28.1%$105/sqft |
Source: Public Record Report a problem | ||
| 6/6/2002 | Sold | $179,900$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,376 +14.6% | $372,700 +2% |
| 2024 | $5,562 +13.9% | $365,400 +6.9% |
| 2023 | $4,882 +22.8% | $341,900 +11.7% |
| 2022 | $3,976 -23.5% | $306,100 +24.7% |
| 2021 | $5,194 +53.1% | $245,500 -7.8% |
| 2020 | $3,392 +22.1% | $266,400 +34.7% |
| 2019 | $2,778 | $197,700 |
| 2018 | $2,778 -5.6% | $197,700 +5.3% |
| 2017 | $2,944 | $187,700 |
| 2016 | $2,944 +15.3% | -- |
| 2015 | $2,554 +26.9% | $148,700 |
| 2014 | $2,012 -1.9% | -- |
| 2013 | $2,052 -9.2% | -- |
| 2012 | $2,260 -9.4% | -- |
| 2011 | $2,494 | -- |
| 2010 | -- | -- |
| 2009 | $3,914 +5.6% | -- |
| 2008 | $3,708 +17.9% | -- |
| 2007 | $3,144 +12.8% | -- |
| 2006 | $2,788 +7.8% | -- |
| 2005 | $2,586 +6.8% | -- |
| 2004 | $2,422 +7% | -- |
| 2003 | $2,264 -1.7% | -- |
| 2002 | $2,304 -8.2% | -- |
| 2001 | $2,510 +11.8% | -- |
| 2000 | $2,244 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Greater Eastside
Nearby schools
GreatSchools rating
- 4/10The Heights Community SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Battle Creek Middle SchoolGrades: 6-8Distance: 2.7 mi
- 2/10Johnson Senior High SchoolGrades: 9-12Distance: 1.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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