$5,201 Closing Credit¹
#6703345, Listing Office: Coldwell Banker Realty
$394,600 List price
661 Payne Ave Saint Paul, MN 55130
$4,686
Closing credit¹
2,600 sqft
$152 / sqft
Multi-Family
Property details
About 661 Payne Ave
A solid investment opportunity in a high demand rental area. This building is section 8 approved and enrolled in the city of St Paul's 4-D affordable housing program, offering property tax reductions and long term affordability incentives. Three out of four units are currently rented. The building sits on a deep lot with a shared backyard that includes a patio, grassy area, and garden space. Walkable to local favorites like Yarusso Bros, Minnesota Music Cafe, and the Bruce Vento Trail. Strong cash flow opportunity with rents below market.
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
Size2,600 sqft
BasementYes
Year built1884
ParkingDetached, Multiple Garages
MLS #6705175
Garage4 spaces
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Detached, Multiple Garages
- Heating: Forced Air
- List Price: $394,600
- Price/SqFt: $151
- Annual Tax Amount: $5,310
- Tax Year: 2024
- Lot: Corner Lot, Few Trees
- Directions: I-94 to Mounds Blvd exit (N) to E 7th (W) to Payne Ave N to Property
- Year Built: 1884
- Living Area: 2,600 SqFt
- MLS Number: 6705175
- MLS Name: NORTHSTAR
- Office Name: Lakes Sotheby's International Realty
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$394,600
661 Payne Ave
$4,686
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 09, 2012 | Home Sold | $125,000 |
| May 13, 2011 | Home Sold | $285,495 |
| May 13, 2011 | Home Sold | $285,495 |
| Dec 28, 2006 | Home Sold | $274,500 |
| Apr 07, 2006 | Home Sold | $285,000 |
| Nov 06, 2003 | Home Sold | $322,000 |
| Jun 17, 2003 | Home Sold | $322,000 |
| Mar 30, 2000 | Home Sold | $186,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $394,600 | $5,310 |
| 2023 | $432,200 | $5,372 |
| 2022 | $432,200 | $4,256 |
| 2021 | $333,200 | $4,198 |
| 2019 | $309,400 | $6,526 |
| 2018 | $270,500 | $5,786 |
| 2017 | $235,200 | $4,964 |
History based on county public records data.
Nearby schools
3
Step Academy Elementary School
Public Charter KG-5
0.6 mi
•835 5th St E
3
Dayton's Bluff Achievement Plus Elementary School
Public District PK-5
0.7 mi
•262 Bates Ave
1
Bruce Vento Elementary School
Public District PK-5
0.7 mi
•409 Case Ave
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 $14,851. Most Saint Paul, MN residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
78%
<35k
17%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
30%
Single, with Kids
7%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
14%
12-17 yrs old
26%
18-34 yrs old
31%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 661 Payne Ave in Saint Paul, MN and zip code 55130 in the Payne-Phalen neighborhood. This 2,600 square foot home was built in 1884. Features: 0 bathroom. It has been listed on Rocket Homes since May 16, 2025 and is currently priced at $394,600.
In April 2025, from all listings sold in Saint Paul, MN there were more than 96 sold above asking price, over 58 sold below and more than 31 were sold right at the asked price. The inventory of homes for sale in Saint Paul, MN between March and April 2025 increased by 17.9%. The median list price of listings available in April 2025 was $296,232, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.