MLS# 7156355 - 1049 Gorman Avenue West Saint Paul, MN 55118

Office

Mundfrom Properties
Tiffany Mundfrom

124 N Broadway Ave
Spring Valley, MN 55975

Contact

507 251-2198
tiffany@tiffanymundfrom.com
MN License# 40640502
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.

Ashworth Real Estate is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Tiffany Mundfrom is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Tiffany Mundfrom, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .
Equal Housing Opportunity.

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.

Ashworth Real Estate is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Tiffany Mundfrom is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Tiffany Mundfrom, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .
Equal Housing Opportunity.