Seize this exceptional chance to acquire a low-maintenance, multi-family property boasting an impressive 8.76% cap rate. Built in 1912 and comprehensively updated: including a new roof in 2023, this 2,808 sq ft building comprises multiple 1-bedroom units. Notably, rents are 90% guaranteed, ensuring a reliable income stream. Situated in the vibrant Dayton's Bluff neighborhood, the property is within walking distance to the historic Indian Mounds Regional Park, offering scenic views of the Mississippi River and the St. Paul skyline. Residents will appreciate proximity to downtown Saint Paul, providing easy access to shopping, dining, and entertainment. Public transportation options are readily available, enhancing tenant convenience. With its strategic location, strong rental history, and recent capital improvements, 222 Frank Street stands out as an ideal investment for discerning investors seeking stable returns and long-term growth potential
Seize this exceptional chance to acquire a low-maintenance, multi-family property boasting an impressive 8.76% cap rate. Built in 1912 and comprehensively updated: including a new roof in 2023, this 2,808 sq ft building comprises multiple 1-bedroom units. Notably, rents are 90% guaranteed, ensuring a reliable income stream. Situated in the vibrant Dayton's Bluff neighborhood, the property is within walking distance to the historic Indian Mounds Regional Park, offering scenic views of the Mississippi River and the St. Paul skyline. Residents will appreciate proximity to downtown Saint Paul, providing easy access to shopping, dining, and entertainment. Public transportation options are readily available, enhancing tenant convenience. With its strategic location, strong rental history, and recent capital improvements, 222 Frank Street stands out as an ideal investment for discerning investors seeking stable returns and long-term growth potential
Neighborhood
Type
County
Ramsey
Tax Amount
$8,672
Status
Active
Listing #
6678042
Built
1912
Listed on site
68 days
Listed by:
Keller Williams Premier Realty

© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Keller Williams Premier Realty. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 05/01/2025 07:57