Investment opportunity in Saint Paul!
Welcome to 306 King St W, a well-maintained triplex offering an excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. This 2,226 sq ft property features three separate units with a total of 5 bedrooms and 3 bathrooms and an estimated $4,000/month in gross market rents.
The property has benefited from numerous improvements designed to add value and reduce future maintenance, including newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing, a high-efficiency furnace, updated flooring, insulated attic and crawlspace, and maintenance-free front decking. Shared laundry adds convenience for residents.
Location is another major advantage. Enjoy convenient access to downtown Saint Paul, public transportation, parks and recreation, restaurants, shopping, entertainment, and everyday amenities. The property is also well positioned for access to major roadways, making commuting throughout the Twin Cities convenient. Nearby employment centers, schools, neighborhood businesses, and Saint Paul's many cultural and entertainment destinations add to the area's rental appeal.
Whether you're an investor looking to add a three-unit income-producing property to your portfolio or an owner-occupant interested in living in one unit while collecting rent from the others, this property offers flexibility, valuable updates, and excellent income potential.
Three units. Great location. Approximately $4,000/month in gross market rent potential. Don't miss this Saint Paul investment opportunity — schedule your showing today!
Active
$389,999
306 King St W, Saint Paul, MN 55107
5beds
3baths
2,226sqft
Triplex
Built in 1888
-- sqft lot
$388,400 Zestimate®
$175/sqft
$-- HOA
What's special
Updated flooringMaintenance-free front deckingInsulated attic and crawlspaceUpdated electrical panelsShared laundryNewer vinyl windowsHigh-efficiency furnace
- 19 days
- 343
- 15
Zillow last checked:
Listing updated:
Listed by:
Sam Gardner 612-805-9382,
Gold Door Realty LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127796
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Drain Tiled,Full
Interior area
- Total structure area: 2,226
- Total interior livable area: 2,226 sqft
- Finished area above ground: 2,226
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Porch
- Pool features: None
- Fencing: None
Lot
- Size: 7,492 Square Feet
- Dimensions: 150 x 50
- Features: Irregular Lot
Details
- Foundation area: 1113
- Parcel number: 072822240142
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1888
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Dawsons Add
HOA
- Amenities included: Laundry
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $348,600
- Annual tax amount: $7,840
- Date on market: 8/14/2026
- Cumulative days on market: 160 days
Estimated market value
$388,400
$369,000 - $408,000
$1,891/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $389,999-2.3%$175/sqft |
Source: | ||
| 7/31/2026 | Listing removed | $399,000$179/sqft |
Source: | ||
| 5/5/2026 | Price change | $399,000-2.1%$179/sqft |
Source: | ||
| 4/3/2026 | Price change | $407,500-1.8%$183/sqft |
Source: | ||
| 3/13/2026 | Listed for sale | $414,999+23.9%$186/sqft |
Source: | ||
| 6/30/2023 | Sold | $335,000+0%$150/sqft |
Source: | ||
| 6/14/2023 | Pending sale | $334,900$150/sqft |
Source: | ||
| 5/21/2023 | Price change | $334,900-4.3%$150/sqft |
Source: | ||
| 5/10/2023 | Listed for sale | $349,900+456.3%$157/sqft |
Source: | ||
| 12/23/2010 | Sold | $62,900-68.2%$28/sqft |
Source: | ||
| 9/17/2004 | Sold | $197,500+1360.3%$89/sqft |
Source: Public Record Report a problem | ||
| 9/28/1999 | Sold | $13,525-82%$6/sqft |
Source: Public Record Report a problem | ||
| 6/24/1998 | Sold | $75,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,612 +46% | $348,600 -0.7% |
| 2024 | $5,214 +8.7% | $350,900 +30.1% |
| 2023 | $4,796 +0.5% | $269,800 +11.1% |
| 2022 | $4,770 +24.6% | $242,800 +1.2% |
| 2021 | $3,828 -6.5% | $239,900 +21.3% |
| 2020 | $4,094 +24% | $197,700 +7% |
| 2019 | $3,302 | $184,800 |
| 2018 | $3,302 -4.8% | $184,800 +10.5% |
| 2017 | $3,468 | $167,300 |
| 2016 | $3,468 +68.2% | -- |
| 2015 | $2,062 -1.9% | $97,800 |
| 2014 | $2,102 -7.9% | -- |
| 2013 | $2,282 -18.3% | -- |
| 2012 | $2,792 -39.2% | -- |
| 2011 | $4,590 | -- |
| 2010 | -- | -- |
| 2009 | $3,648 +16.7% | -- |
| 2008 | $3,126 +7.9% | -- |
| 2007 | $2,896 +27.5% | -- |
| 2006 | $2,272 +15.1% | -- |
| 2005 | $1,974 +0.6% | -- |
| 2004 | $1,962 +7.2% | -- |
| 2003 | $1,830 -7.3% | -- |
| 2002 | $1,974 +0.9% | -- |
| 2001 | $1,956 +138% | -- |
| 2000 | $822 | -- |
Find assessor info on the county website
Monthly payment
Est. payment







