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$810,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 14 Total Beds
  • 4 Car Garage
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Rare opportunity to own a well-maintained 2004-built 4-unit investment property totaling 5,230 SF on a .21-acre lot. This turnkey investment features two spacious 4BR/2BA units (1, 635 SF each) and two 3BR/1BA units (980 SF each) , all with individual entrances and attached garages. PROPERTY HIGHLIGHTS : Built in 2004 with modern amenities throughout Individual HVAC systems for each unit In-unit washer/dryer connections Stainless steel appliances including side-by-side refrigerators Wood flooring and ample storage 4 attached garages plus 5 surface parking spaces (2.25 spaces/ unit) Excellent condition with minimal deferred maintenance Pro Forma NOI: $91, 871 (11.07% cap rate with market rents)

Full Property Details for 1599 Rice St

General

  • Price: $810,000
  • Taxes: $12,228 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6728027
  • Updated: 12/18/2025
  • Added to Site: 232 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 14

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 25.1 x 12.2
  • Garage Spaces: 4
  • Parking Features: Attached Garage

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Rice Street Villas
  • Neighborhood: 97
  • Driving Directions: On the west side of Rice Street between Iowa Ave and E wheel lock Pky

School Information

  • School District: 2102 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (In-Street)

Structural Information

  • Foundation Size: 4004
  • Disability Access: None
  • Square Feet: 5,230
  • Above Ground: 5,230 Sq. Ft.
  • Year Built: 2004

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 75ft x 123ft x 75ft x 123ft
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $18,326
  • Tax Amount: $12,228
  • Tax Year: 2025
  • Owner Pays: Trash Collection, Water
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: RICE STREET VILLAS LOT 7, 8 and 9 BLK 8
  • Property ID: 242923110128

Listed by Real Broker, LLC

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Listing agents

— 1599 Rice St —

  • Real Broker, LLC

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Schools serving 1599 Rice St

School District:St. Paul Public School District
NameGradesDistance
Chelsea Heights Elementary School
1557 Huron Street, Saint Paul, MN 55108
K-52.4 mi
Murray Middle School
2200 Buford Avenue, Saint Paul, MN 55108
6-84.3 mi
Como Park Senior High School
740 Rose Avenue West, Saint Paul, MN 55117
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1599 Rice St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/18/2025
Price Reduced
$810,000
-2.41%
MLS
5/29/2025
Listed
$829,999
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1599 Rice St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,956
30%
$683,000
11%
2024
$13,088
-22%
$616,000
-9%
2023
$16,796
—
$674,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1599 Rice Street, Saint Paul, MN 55117 (MLS# 6728027) is a Multi-Family property with 4 units containing 14 bedrooms and 0 full bathrooms. 1599 Rice Street is currently listed for $810,000 and was received on May 29, 2025. Want to learn more about 1599 Rice Street? Do you have questions about finding other Multi-Family real estate for sale in Saint Paul? You can browse all Saint Paul real estate or contact a Coldwell Banker agent to request more information.

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