1555 Mcafee St Saint Paul, MN 55106
Property details
About 1555 Mcafee St
Investment Alert! Seize this exceptional opportunity to own a meticulously maintained side-by-side duplex, ideally situated just five blocks from the recreational haven of Lake Phalen and backing directly onto the scenic Bruce Vento Trail! This income-generating property delivers immediate cashflow or the chance for owner occupancy. On one side, a spacious 3-bedroom, 1.5-bathroom unit is securely leased through August 2025, generating a solid $1,700 per month. The adjacent 2-bedroom, 1-bathroom unit offers flexible income with a month-to-month tenancy currently at $1,300 per month. Both units benefit from a convenient shared laundry area featuring a new washer and dryer (2019) and abundant dedicated storage space. This isn't just about location – significant recent investments ensure worry-free ownership. Imagine a resurfaced asphalt driveway (2021) leading to updated garage with new door openers, rails, springs and rollers (2019). Above, a brand-new roof, gutters, fascia, and soffit (2022) provide lasting protection. Inside, tenants enjoy comfort with new, efficient Furnace and A/C units installed in 2022, backed by an impressive 10-year parts & labor warranty! A 2019 radon mitigation system and updated windows add peace of mind. Plus, both units feature updated appliances, enhancing tenant satisfaction. Beyond the property itself, the location is unbeatable. Residents enjoy effortless access to the outdoor activities and beauty of Lake Phalen and can step directly onto the Bruce Vento Trail for biking, walking, and recreation. Adding to the investment appeal, the property holds a Rental License and Certificate of Occupancy valid through 2031, streamlining operations for the new owner. Don't miss this chance to acquire a turnkey investment property in a sought-after St. Paul location, offering immediate cashflow, recent high-value upgrades, and exceptional tenant appeal!
Highlights
(Pending)
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Forced Air
- List Price: $384,900
- Price/SqFt: $159
- Annual Tax Amount: $5,544
- Tax Year: 2024
- Lot: Few Trees
- Directions: Maryland to Clarence N to Arlington W to Mcafee
- Year Built: 1967
- Living Area: 2,420 SqFt
- MLS Number: 6719567
- MLS Name: NORTHSTAR
- Office Name: Northstar Real Estate Associates
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$384,900
1555 Mcafee St
$4,571
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $346,900 | $5,544 |
2023 | $343,900 | $5,140 |
2022 | $315,000 | $4,368 |
2021 | $263,600 | $4,140 |
2019 | $168,400 | $3,002 |
2018 | $167,700 | $3,670 |
2017 | $121,700 | $2,324 |
History based on county public records data.
Nearby schools
4
Frost Lake Elementary School
Public District PK-5
0.4 mi
•1505 Hoyt Ave E
5
Cornerstone Montessori Elementary School
Public Charter KG-6
1.1 mi
•1611 Ames Ave
3
Farnsworth Aerospace Lower
Public Magnet PK-4
1.1 mi
•1290 Arcade St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,554. Typical income of Saint Paul, MN residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 1555 Mcafee St in Saint Paul, MN and zip code 55106 in the Payne-Phalen neighborhood. This 2,420 square foot home was built in 1967. Features: 0 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $384,900.
In May 2025, from all listings sold in Saint Paul, MN there were more than 131 sold above asking price, over 51 sold below and more than 48 were sold right at the asked price. Between April and May 2025, Saint Paul, MN real estate market has seen increase in the number of listings by 18.8%. While the average time on the market in May 2025 was 27 days, the median list price was $299,806.