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6 Beds
3 Baths
2,846 sqft

$449,900

1049 Gorman Avenue, West Saint Paul MN, 55118

Price per sqft$158.08
Built in1941
Property size2,846 sqft
Property typeMulti-family
Courtesy of Ashworth Real Estate, JoAnn White Listing Contact:

Overview

Active

Listed Oct 7, 2026

Updated 3h ago

Fantastic owner-occupant or investment opportunity! This 6-bedroom, 3-bath triplex offers three separate living spaces with excellent income potential. Turnkey 6-bedroom, 3-bath triplex with strong income potential in West St. Paul. Three separate living spaces include a 1BR/1BA lower unit, 2BR/1BA main-level unit with two living areas and private laundry, and spacious 3BR/1BA upper unit. Rental-grade renovations have already been completed, making this an excellent opportunity for an investor or owner-occupant. Pro-forma rents of approximately $5,050/month ($60,600 annually), plus potential garage income. At the $449,900 asking price, this represents an approximately 8.1% pro-forma cap rate using a 40% operating-expense assumption. Property features a 2+ car detached garage, corner lot and location directly across from a park. Excellent opportunity to acquire a renovated three-unit property with multiple income streams and strong rental potential. The spacious main-level unit features 2 bedrooms, a dining room, private laundry and central air-perfect for an owner-occupant. Live comfortably on the main level while generating rental income from the other two units. The upper-level unit features 3 bedrooms, plus additional attic space for storage. The lower-level unit offers 1 bedroom, kitchen, bathroom, dining room and living room, providing another source of rental income. Laundry shared for Upper and Lower unit. The exterior features low-maintenance vinyl siding and a 2-car garage. A great opportunity to live in one unit while the other units help offset your housing costs-or add a solid multi-unit property to your investment portfolio.

$2,993/mo

Est. mortgage payment based on a $449,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7156355

Interior Features

Bedrooms
6
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$5,518
Tax Frequency
Annually
Garage
Yes
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lauren A. Janoski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 6:24 PM UTC on 10/7/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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