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$5,525,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 41,826 Sq. Ft.
  • 0.111 Acres
  • Updated 14 hours ago
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991 Wakefield Ave, 991 Hudson Rd, 242 Maria Ave, 49 Manitoba Ave W, 89 Atwater St W, 1003 N. Woodbridge St, 765 Edgerton St, 599 Reaney Ave, 500 Hopkins Ave, 402 Hope St, 947 Minnehaha Ave, 696 Hawthorne Ave, 686 Bradley St, 697 Cook Ave, 856 Burr Ave, 982 Burr Ave, & 732 Jessamine Ave. 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 opportunities.

Full Property Details for 402 Hope St

General

  • Price: $5,525,000
  • Taxes: $23,056 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7069580
  • Updated: 5/12/2026
  • Added to Site: 5 day(s) ago

Interior

  • Appliances: Range, Refrigerator

Exterior

  • Porch/Patio/Deck: Covered, Front Porch, Patio, Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 13
  • Parking Features: Attached Garage, Asphalt, Shared Driveway, On-Street Parking Only, Other, Parking Lot, Open

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Hillcrest
  • Neighborhood: 90
  • Driving Directions: Mounds Blvd to 6th-East to Hope-North to property.

School Information

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

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Other
  • Foundation Size: 20009
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 41,826
  • Finished Down/Base.: 41,826 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1887

Lot Features

  • Lot Size (Acres): 0.111
  • Lot Dimensions: IRREGULAR
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Potential Use: Income
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks), Corner Lot, Irregular Lot
  • Fencing (Description): Chain Link, Full, Partial, Privacy, Wood

Financial Considerations

  • Operating Expenses: $295,120
  • Tax Amount: $23,056
  • Tax Year: 2026
  • Terms: Cash, Other, Special Funding

Disclosures and Reports

  • Legal Description: Multiple Legal Descriptions
  • Inclusions: Fixture/Equipment, Land, Rental License
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 402 Hope St —

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NMLS#: 1598647

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

Schools serving 402 Hope St

School District:St. Paul Public School District
NameGradesDistance
Daytons Bluff Elementary School
262 Bates Avenue, Saint Paul, MN 55106
PK-50.4 mi
Battle Creek Middle School
2121 North Park Drive, Saint Paul, MN 55119
6-82.9 mi
Harding Senior High School
1540 6th Street East, Saint Paul, MN 55106
9-121.6 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 402 Hope St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$5,525,000
1772.88%
MLS
5/07/2007
Sold
$295,000
—
Public Record
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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 402 Hope St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,422
2%
$407,900
12%
2024
$8,266
100%
$364,600
5%
2023
$4,138
12%
$348,100
13%
2021
$3,692
-11%
$307,300
-7%
2023
$4,138
12%
$329,300
13%
2021
$3,692
5%
$292,000
14%
2020
$3,504
5%
$256,400
6%
2019
$3,350
15%
$241,500
8%
2018
$2,920
-16%
$223,300
9%
2017
$3,466
4%
$204,600
5%
2016
$3,330
3012%
$195,700
45%
2015
$107
2%
$134,900
—
2014
$105
—
$134,900
—
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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402 Hope Street, Saint Paul, MN 55106 (MLS# 7069580) is a Commercial property. 402 Hope Street is currently listed for $5,525,000 and was received on May 08, 2026. This property is listed by Team Edelstein from our Highland Park Office.Want to learn more about 402 Hope Street? Do you have questions about finding other Commercial 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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