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1048 Lafond Ave, Saint Paul, MN, 55104

$385,000

Home List Price

$4,572*

Closing Credit

0 Baths
2,638 SqFt
$146/SqFt
Multi

Location

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1048 Lafond Ave, Saint Paul$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAttached Garage, Detached
Attached Garage3 spaces
Year Built1948
HeatingForced Air
BasementYes
MLS #6633562
StatusActive

About 1048 Lafond Ave

This well-maintained triplex offers a prime investment opportunity or the perfect owner-occupied home with rental income. Several major updates have already been completed, making this property a great value. Improvements include a brand-new roof, all-new plumbing, and a new deck. The boiler is also just a few years old, ensuring long-term reliability. Lower level unit is a fully renovated 1-bedroom unit with a modern kitchen, new bathroom, and fresh paint throughout. The 1st floor is occupied by a long-term Section 8 tenant, paying $1,500 per month with a lease through October 2025. The upper unit rents for $1,100 per month with a lease through March 2025. Situated on a double lot in a highly sought-after location, this property is conveniently located between University Avenue and Como Park, offering easy access to local amenities, transit, and green spaces. Don't miss this rare opportunity to own a triplex with stable cash flow and extensive recent updates—ideal for both investors and owner-occupants looking to offset their mortgage with rental income.

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Living Area: 2,638 SqFt

Listing Office:

  • Office Name: Keller Williams Integrity Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Detached

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Lexington to Lafond, North to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $5,958
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Saint Paul, MN.

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Saint Paul, MN

City

Med. Sold Price

$290K

Med. Price/SqFt

$201

Avg. Days On Market

32

# of Sold Homes

219

1048 Lafond Ave vs Saint Paul

1 DAY ON ROCKET

-31 Days

$385,000

+$94.9K More

$146/SqFt

-$55 Less

KEY TAKEAWAY

This property is $94.9K more than the Median Sold Price and $55/SqFt less than other homes in Saint Paul, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6633562

Listing Office:

  • Office Name: Keller Williams Integrity Realty

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Last updated on: 11/20/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 22, 2008Home Sold
$174,400
Jun 01, 2007Home Sold
$116,000
Jul 23, 2004Home Sold
$287,000
Jul 29, 1999Home Sold
$122,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,958$264,300
2019$6,270$231,700
2018$5,258$205,300
2017$5,540$183,400

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-159682
1
/10

  • The Journey School

  • 775 Lexington Pkwy N

  • 0.33 miles

  • Public Charter Grades KG-6

school-card-donut-159683
2
/10

  • Maxfield Elementary School

  • 380 Victoria St N

  • 0.68 miles

  • Public District Grades PK-5

school-card-donut-159684
6
/10

  • Great River Elementary School

  • 1326 Energy Park Dr

  • 0.89 miles

  • Public Charter Grades 1-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,925. Most Saint Paul, MN residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Ramsey County›Saint Paul›55104›1048 Lafond Ave

This home is located at 1048 Lafond Ave in Saint Paul, MN and zip code 55104 in the Frogtown / Thomas-Dale neighborhood. This 2,638 square foot home was built in 1948. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $385,000.

In October 2024, from all listings sold in Saint Paul, MN there were more than 81 sold above asking price, over 90 sold below and more than 48 were sold right at the asked price. The number of homes for sale in Saint Paul, MN increased by 7.7% between September 2024 and October 2024. In October 2024 median list price was $290,058 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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