Date
Details
Price
Change
Source
3/04/2026
Listed
$560,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/18
$560,000
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1/18
Property Description
890 Payne Ave is a value-add mixed-use opportunity in Saint Paul's Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70,680 in effective gross income with NOI of approximately $36,382, and the market pro forma projects about $79,080 in effective gross income with NOI increasing to roughly $44,782 (about +23%), assuming expenses remain near current levels (~$34,298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4,836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).
Full Property Details
Full Property Details for 890 Payne Ave
General
- Price: $560,000
- Taxes: $8,726 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 6808073
- Updated: 3/4/2026
- Added to Site: 29 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: On-Street Parking Only, Parking Lot
Location
- County: Ramsey
- Township: Saint Paul
- Subdivision: Chas Weides Sub Of B34 Arling
- Neighborhood: 98
- Driving Directions: 94 to Mounds Blvd, To 7th St E, To Payne Ave
School Information
- School District: 2102 - St. Paul
- High School District: St. Paul
Heating & Cooling
- Heating Type: Boiler
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: None Available
Structural Information
- Basement: Yes
- Foundation Size: 1950
- Disability Access: Other
- Current Bldg. Use: Laundromat, Residential
- Year Built: 1888
Lot Features
- Lot Size (Acres): 0.055
- Lot Dimensions: 38 x 70
- Zoning: Business/Commercial
Financial Considerations
- Operating Expenses: $34,298
- Tax Amount: $8,726
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: CHAS WEIDES SUB OF B34 ARLING N 35 FT OF S 7O FT OF LOTS 14 AND LOT 15 BLK 34
- Inclusions: Land
- Property ID: 292922420146
Listed by Keller Williams Premier Realty
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— 890 Payne Ave —
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NMLS#: 1598647
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Schools
Schools serving 890 Payne Ave
School District:St. Paul Public School District
| Name | Grades | Distance |
|---|---|---|
John A.Johnson Achievement Plus Elementary School 740 York Avenue, Saint Paul, MN 55106 | PK-5 | 0.2 mi |
Washington Tech Secondary Magnet 1495 Rice Street, Saint Paul, MN 55117 | 6-12 | 2.3 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 890 Payne Ave
Tax History
Tax History for 890 Payne Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,726
5%
$386,100
3%
2024
$8,302
-6%
$375,100
-1%
2023
$8,856
4%
$377,900
5%
2021
$8,476
-4%
$359,400
-8%
2023
$8,856
4%
$389,300
9%
2021
$8,476
8%
$357,400
12%
2020
$7,876
6%
$318,000
6%
2019
$7,404
-18%
$300,000
20%
2018
$9,014
44%
$251,000
15%
2017
$6,274
15%
$218,800
143%
2016
$5,444
-1%
$90,100
1%
2015
$5,472
-5%
$89,200
-50%
2014
$5,764
—
$180,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 890 Payne Ave
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- Apartment
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Listed and Sold by Metro East Commercial Real Estate
890 Payne Avenue, Saint Paul, MN 55130 (MLS# 6808073) is a Commercial property. 890 Payne Avenue is currently listed for $560,000 and was received on March 04, 2026. Want to learn more about 890 Payne 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.