Payne – Phalen

Neighborhood profile

Listings we track

30

Median price per unit

$125K

Typical cash flow

−$88

median per month, 20% down

Crime, last 12 months

51 per 1,000

1,694 incidents · −10% vs. prior year

Renter households

41%

Median gross rent

$1,262

all unit sizes

Median household income

$67K

Rent rules

3% cap

Rent stabilization; buildings first occupied after 2004 exempt

St. Paul police incidents, excluding proactive visits and community events. Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 8 tract(s) centered in this planning district; medians are household-weighted averages of tract medians.

Map

Top picks

Ranked on real rent estimates (RentCast comparables or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Ways to slice it

Promising, rents not yet verified

Ranked on a rough rent estimate from bedroom count. Treat these as leads, not conclusions.

Needs more info

Left out of the rankings until a data problem is resolved.

All listings

30 listings. Filter by price or units, or switch the down payment.

1. 701 Desoto St

   $249,000 · 2 units
   Cash flows
   Cash flow $445/mo Cap 8.5% Break-even price $333K Yr 30 vs stocks 4.00× Positive in yr 1

2. 353 Lawson Ave E

   $199,900 · 2 units
   Cash flows
   Cash flow $227/mo Cap 7.8% Break-even price $243K Yr 30 vs stocks 3.37× Positive in yr 1

3. 596 Case Ave

   $190,000 · 2 units
   Cash flows
   Cash flow $369/mo Cap 8.7% Break-even price $259K Yr 30 vs stocks 4.09× Positive in yr 1

4. 591 Payne Ave

   $275,000 · 2 units · Rough rents
   Cash flows
   Cash flow $149/mo Cap 7.0% Break-even price $303K Yr 30 vs stocks 2.89× Positive in yr 1

5. 688 Magnolia Ave E

   $169,900 · 2 units
   Cash flows
   Cash flow $520/mo Cap 10.1% Break-even price $268K Yr 30 vs stocks 5.09× Positive in yr 1

6. 707 Preble St

   $239,900 · 2 units
   Cash flows
   Cash flow $617/mo Cap 9.5% Break-even price $356K Yr 30 vs stocks 4.64× Positive in yr 1

7. 852 Jessamine Ave E

   $260,000 · 2 units · Rough rents
   Cash flows
   Cash flow $95/mo Cap 6.8% Break-even price $278K Yr 30 vs stocks 2.74× Positive in yr 1

8. 365 Case Ave

   $224,900 · 2 units · Rough rents
   Cash flows
   Cash flow $66/mo Cap 6.7% Break-even price $237K Yr 30 vs stocks 2.66× Positive in yr 1

9. 895 Rose Ave E

   $244,999 · 2 units · Rough rents
   Cash flows
   Cash flow $163/mo Cap 7.2% Break-even price $276K Yr 30 vs stocks 2.99× Positive in yr 1

10. 1113 Edgerton St

    $535,000 · 3 units · Rough rents
    Cash flows
    Cash flow $152/mo Cap 6.7% Break-even price $563K Yr 30 vs stocks 2.76× Positive in yr 1

11. 794 Case Ave

    $355,000 · 3 units · Rough rents
    Cash flows
    Cash flow $38/mo Cap 6.5% Break-even price $362K Yr 30 vs stocks 2.50× Positive in yr 1

12. 1136 Edgerton St

    $224,900 · 2 units · Rough rents
    Close
    Cash flow −$80/mo Cap 6.0% Break-even price $210K Yr 30 vs stocks 2.12× Positive in yr 4

13. 716 Rose Ave E

    $179,900 · 2 units
    Cash flows
    Cash flow $589/mo Cap 10.3% Break-even price $290K Yr 30 vs stocks 5.22× Positive in yr 1

    On the city's Vacant Building registry (Category 2). In St. Paul, Categories 2 and 3 can't be sold or occupied without city approval and a code-compliance plan.

14. 861 Cook Ave E

    $250,000 · 2 units · Rough rents
    Close
    Cash flow −$88/mo Cap 6.0% Break-even price $233K Yr 30 vs stocks 2.06× Positive in yr 4

15. 429 Mount Ida St

    $510,000 · 4 units · Rough rents
    Close
    Cash flow −$62/mo Cap 6.2% Break-even price $498K Yr 30 vs stocks 2.32× Positive in yr 2

16. 807 Case Ave

    $260,000 · 2 units · Rough rents
    Close
    Cash flow −$128/mo Cap 5.8% Break-even price $236K Yr 30 vs stocks 1.93× Positive in yr 5

17. 661 Payne Ave

    $475,000 · 4 units · Rough rents
    Close
    Cash flow −$244/mo Cap 5.8% Break-even price $429K Yr 30 vs stocks 1.97× Positive in yr 5

18. 893 Jenks Ave

    $374,000 · 4 units · Rough rents
    Close
    Cash flow −$258/mo Cap 5.6% Break-even price $325K Yr 30 vs stocks 1.69× Positive in yr 7

19. 733 Bradley St

    $579,000 · 4 units · Rough rents
    Close
    Cash flow −$248/mo Cap 5.9% Break-even price $532K Yr 30 vs stocks 2.01× Positive in yr 5

20. 1064 Lawson Ave E

    $200,000 · 2 units · Rough rents
    Close
    Cash flow −$176/mo Cap 5.3% Break-even price $167K Yr 30 vs stocks 1.52× Positive in yr 9

21. 790 Geranium Ave E

    $285,000 · 2 units · Rough rents
    Close
    Cash flow −$285/mo Cap 5.2% Break-even price $232K Yr 30 vs stocks 1.45× Positive in yr 9

22. 620 Cook Ave E

    $210,000 · 2 units · Rough rents
    Overpriced
    Cash flow −$233/mo Cap 5.1% Break-even price $166K Yr 30 vs stocks 1.34× Positive in yr 11

23. 914 Burr St

    $399,900 · 3 units · Rough rents
    Close
    Cash flow −$413/mo Cap 5.1% Break-even price $322K Yr 30 vs stocks 1.42× Positive in yr 10

24. 393 Geranium Ave E

    $329,900 · 2 units · Rough rents
    Overpriced
    Cash flow −$502/mo Cap 4.6% Break-even price $236K Yr 30 vs stocks 1.05× Positive in yr 15

25. 380 Larpenteur Ave E

    $315,000 · 2 units · Rough rents
    Overpriced
    Cash flow −$516/mo Cap 4.4% Break-even price $218K Yr 30 vs stocks 0.98× Positive in yr 16

26. 439 Arlington Ave E

    $424,999 · 2 units · Rough rents
    Overpriced
    Cash flow −$790/mo Cap 4.2% Break-even price $277K Yr 30 vs stocks 0.87× Positive in yr 18

27. 1070 Bradley St

    $499,000 · 3 units · Rough rents
    Far off
    Cash flow −$1,118/mo Cap 3.7% Break-even price $289K Yr 30 vs stocks 0.71× Positive in yr 23

28. 886 Payne Ave

    $419,900 · 3 units · Rough rents
    Far off
    Cash flow −$1,238/mo Cap 2.8% Break-even price $187K Yr 30 vs stocks 0.52× Positive in 30+ yrs

29. 1598 E Shore Dr

    $600,000
    Needs more info

    Needs more info: no rent estimate yet

30. 738 Magnolia Ave E

    $420,000 · 3 units · Rough rents
    Overpriced
    Cash flow −$606/mo Cap 4.7% Break-even price $306K Yr 30 vs stocks 1.08× Positive in yr 14

    Needs more info: The city's rental certificate (CofO) covers 1 unit(s); this analysis counts 3.

Monthly cash flow, top 20

What's changing

Nothing curated for this planning district yet.