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  • $420,000

    738 Magnolia Ave E, Saint Paul, MN 55106

    6beds
    3baths
    3,301sqft
    : 
    $2,743/mo
    Get pre-qualified
    Other
    Built in 1906
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Traditional duplexSeparate updated single-family homeWell-preserved interiorsNewer roofsFully renovated duplex
    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.
    40 days
    105
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Dennis D Kuchenmeister 651-503-6992,

    RE/MAX Results

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7115880MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      Heating
      • Boiler
      Appliances
      • Laundry: In Basement, Coin-op Laundry Owned
      Features
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 3,301
      • Total interior livable area: 3,301 sqft
      • Finished area above ground: 3,301
      • Finished area below ground: 0

      Property

      Accessibility
      • Accessibility features: None
      Features
      • Levels: More Than 2 Stories
      Lot
      • Size: 5,000 Square Feet
      • Dimensions: 40 x 125
      Details
      • Foundation area: 1674
      • Parcel number: 292922140034

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Other
      Condition
      • New construction: No
      • Year built: 1906

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Arlington Hills Add B40&45-49
      HOA
      • Amenities included: Coin-op Laundry Owned, Patio, Porch
      Location
      • Region: Saint Paul

      Financial & listing details

      • Price per square foot: $127/sqft
      • Tax assessed value: $486,900
      • Annual tax amount: $11,000
      • Date on market: 7/24/2026
      • Tenant pays: Cable TV, Electricity, Gas, Heat

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/24/2026Listed for sale$420,000+206.6%$127/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7115880 Report a problem
        6/30/2015Sold$137,000+3.1%$42/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4597659 Report a problem
        6/11/2015Pending sale$132,900$40/sqft
        Source: Homepath #4597659 Report a problem
        5/13/2015Listed for sale$132,900-15.9%$40/sqft
        Source: Homepath #4597659 Report a problem
        8/16/2013Sold$158,101+97.6%$48/sqft
        Source: Public Record Report a problem
        4/17/2013Listing removed$750
        Source: Kaehler Management Report a problem
        3/13/2013Listed for rent$750
        Source: Kaehler Management Report a problem
        2/5/1998Sold$80,000$24/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,182 +9.5%$486,900 +13.3%
        2024$8,382 +6.6%$429,900 +0.5%
        2023$7,860 +8.5%$427,800 +8.8%
        2022$7,242 +4.7%$393,100 +9.9%
        2021$6,914 +20.8%$357,800 +1.1%
        2020$5,724 +35%$353,800 +54.3%
        2019$4,240 $229,300
        2018$4,240 +88.9%$229,300 +8.6%
        2017$2,244 $211,200
        2016$2,244 -43.9%--
        2015$4,002 -9.2%$176,000
        2014$4,406 --
        2010-- --
        2009$4,702 +14.6%--
        2008$4,102 +13.1%--
        2007$3,626 +12.6%--
        2006$3,220 +18.3%--
        2005$2,722 +25.2%--
        2004$2,174 +8.9%--
        2003$1,996 +2.5%--
        2002$1,948 -2.9%--
        2000$2,007 --
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Payne Phalen

        Getting around

        87 / 100
        Very Walkable
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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