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$880,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.111 Acres
  • Updated 1 hour ago
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These properties are investor-only and cannot be owner-occupied. **Phase 1 includes: 49 Manitoba Ave W, 89 Atwater St W, & 1003 N. Woodbridge St.** 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 opportunities.

Full Property Details for 49 Manitoba Ave

General

  • Price: $880,000
  • Taxes: $3,571 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7065946
  • Updated: Today (5/5/2026)
  • Added to Site: Today

Interior

  • Appliances: Range, Refrigerator

Additional Information

  • Amenities: Kitchen Window, Porch

Exterior

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

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Detached Garage, Asphalt, On-Street Parking Only

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Lewis Add To, St Paul
  • Neighborhood: 97
  • Driving Directions: University to Rice St. north to Manitoba Ave. east to home

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Other
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Foundation Size: 2962
  • Disability Access: None
  • 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: Other, Income
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)
  • Fencing (Description): Chain Link, Full, Partial, Privacy

Financial Considerations

  • Operating Expenses: $58,312
  • Tax Amount: $3,571
  • Tax Year: 2026
  • Terms: Cash, Other, Special Funding

Disclosures and Reports

  • Legal Description: MULTIPLE LEGALS - SEE PIDs
  • Inclusions: Building, Business, Land, Rental License
  • Property ID: 302922320098
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 49 Manitoba Ave —

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NMLS#: 1598647

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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 49 Manitoba Ave

School District:St. Paul Public School District
NameGradesDistance
Bruce F Vento Elementary School
409 Case Avenue East, Saint Paul, MN 55130
PK-51 mi
Washington Tech Secondary Magnet
1495 Rice Street, Saint Paul, MN 55117
6-121.3 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 49 Manitoba Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$880,000
685.71%
MLS
3/11/2008
Sold
$112,000
—
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 49 Manitoba Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,410
65%
$280,200
8%
2024
$5,094
13%
$259,100
6%
2023
$4,492
69%
$243,300
19%
2021
$2,654
-41%
$203,800
-12%
2023
$4,492
69%
$231,700
15%
2021
$2,654
10%
$202,100
20%
2020
$2,416
11%
$168,900
14%
2019
$2,180
11%
$148,700
3%
2018
$1,958
9%
$144,600
9%
2017
$1,794
5%
$132,800
2%
2016
$1,714
-25%
$130,000
22%
2015
$2,276
7%
$106,400
15%
2014
$2,120
—
$92,500
—
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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49 Manitoba Avenue, Saint Paul, MN 55117 (MLS# 7065946) is a Commercial property. 49 Manitoba Avenue is currently listed for $880,000 and was received on May 05, 2026. This property is listed by Team Edelstein from our Highland Park Office.Want to learn more about 49 Manitoba Avenue? 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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