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$395,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 2,936 Sq. Ft.
  • 0.11 Acres
  • Updated 1 hour ago
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These properties are investor-only and cannot be owner-occupied. **Phase 5 includes: 242/244 Maria Ave.** This offering represents one of five phases within a larger portfolio. Properties within each phase must be sold together. Investors may acquire individual phases, multiple phases, or the entire portfolio as a single acquisition. As a full portfolio, the offering consists of 17 properties and 35 residential units located throughout Saint Paul. All properties participate in the NSP program with affordability covenants in place through August 2028, providing stable, AMI-based income at 50% AMI with a clear path to increased rents at 60% AMI upon program maturity. The portfolio is comprised primarily of duplex-style assets with larger unit configurations, strong occupancy history, and consistent cash flow. Operational advantages include reduced property taxes through 4D classification and exemption from Saint Paul rent stabilization enforcement. Ideal for investors seeking predictable income, operational stability, and long-term upside through structured rent growth & scalable acquisition

Full Property Details for 242 Maria Ave

General

  • Price: $395,000
  • Taxes: $1,579 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7067414
  • Updated: Today (5/5/2026)
  • Added to Site: Today

Interior

  • Appliances: Range, Refrigerator

Additional Information

  • Amenities: Kitchen Window

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Lyman Dayton Add
  • Neighborhood: 90
  • Driving Directions: East 3rd St to Maria Ave, South to Property

School Information

  • School District: 625 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Basement: Yes
  • Foundation Size: 1468
  • Disability Access: None
  • Square Feet: 2,936
  • Finished Down/Base.: 2,936 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1885

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: IRREGULAR
  • Frontage: City Street, Curbs, Paved Streets, Street Lights, Storm Sewer
  • Potential Use: Income
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Operating Expenses: $15,130
  • Tax Amount: $1,579
  • Tax Year: 2026
  • Terms: Cash, Other, Special Funding

Disclosures and Reports

  • Legal Description: LYMAN DAYTON ADDITION SUBJ TO ESMTS LOT 10 BLK 49
  • Inclusions: Business, Land, Rental License
  • Property ID: 322922410104
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 242 Maria Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 242 Maria Ave

School District:St. Paul Public School District
NameGradesDistance
Daytons Bluff Elementary School
262 Bates Avenue, Saint Paul, MN 55106
PK-50.1 mi
Battle Creek Middle School
2121 North Park Drive, Saint Paul, MN 55119
6-82.8 mi
Harding Senior High School
1540 6th Street East, Saint Paul, MN 55106
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Maria Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Listed
$395,000
354.55%
MLS
5/18/2012
Sold
$86,900
—
Public Record
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 242 Maria Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,964
-24%
$364,500
7%
2024
$6,526
68%
$342,200
5%
2023
$3,878
4%
$325,400
3%
2021
$3,722
-4%
$315,600
-15%
2023
$3,878
4%
$369,900
27%
2021
$3,722
-8%
$292,300
3%
2020
$4,054
16%
$284,600
13%
2019
$3,506
1%
$252,300
-5%
2018
$3,466
4%
$266,500
2%
2017
$3,338
20%
$262,000
21%
2016
$2,774
-40%
$216,000
-2%
2015
$4,606
35%
$220,600
52%
2014
$3,402
—
$145,200
—
View All
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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NMLS#: 1598647

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242 Maria Avenue, Saint Paul, MN 55106 (MLS# 7067414) is a Commercial property. 242 Maria Avenue is currently listed for $395,000 and was received on May 05, 2026. This property is listed by Team Edelstein from our Highland Park Office.Want to learn more about 242 Maria Avenue? Do you have questions about finding other Commercial real estate for sale in Dayton's Buff? You can browse all Dayton's Buff real estate or contact a Coldwell Banker agent to request more information.

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