ACTIVE

Multi-Family

$389,000

787 Watson Avenue, Saint Paul MN 55102

Property information

Beds

5

Baths

3

Sq Ft

2,073

Year Built

1889

Property Type

Duplex Up and Down

Acres

0.11

County

Ramsey

Waterfront

No

Waterfront View

—

Waterfront Feet

—

Water Body

—

Parking

2

Basement

Unfinished

Price/Sqft

$188

Stories

More Than 2 Stories

Pool

—

HOA Fee

N/A

Updated

8 D AGO

List Date

10/8/2026

This 1889-built duplex in St. Paul’s sought-after West 7th neighborhood, offers immediate income from day one with multiple ways to increase its earning potential. The vacant 3-bedroom, 1-bath lower unit is freshly updated with new flooring, paint, lighting and ceiling fans, ready for an owner-occupant or new tenant. Upstairs, an existing tenant is leased at $1,900/month through June 2027, helping offset your mortgage from day one. Here’s where it gets interesting. The upper level includes a 1-bedroom/1-bath + loft AND a separate studio with its own entrance and ¾ bath. After the lease ends, explore converting the studio into a conforming third unit by adding a kitchenette, plumbing, separate utilities and obtaining required City approvals. Prefer to rent the entire property? The lower unit has an estimated market rent of approximately $2,100/month, creating potential for roughly $4,000/month in combined gross rent in its current duplex configuration. Each unit has its own washer/dryer, and major improvements including the roof, water heater, sump pump and appliances. An oversized 24x19 detached 2-car garage with tall ceilings, a small office and additional storage potential adds even more flexibility. Located in West 7th with convenient access to downtown St. Paul, Xcel Energy Center, United Hospital, MSP Airport, Mississippi River recreation, dining and entertainment. House hack it. Rent both units. Explore a third unit. Maximize the garage. One property. Multiple ways to create income. Schedule your showing and see the possibilities for yourself.