Historic Triplex Opportunity Across from Langford Park in Saint Paul
Priced to sell at $200,000, the triplex at 2203 Blake Avenue, Saint Paul, MN 55108 presents a rare opportunity for investors, renovators, or visionary homeowners looking to blend historic charm with future potential.
Situated directly across the street from the green space of Langford Park, this property offers not only immediate rental income but also long-term upside through renovation, repositioning, or even conversion into a stunning three-story single-family residence.
Originally built in 1889, this classic Saint Paul property carries more than a century of architectural character. While the building shows its age and is in need of tender loving care, that very condition opens the door for creativity and value creation.
Properties at this price point—especially triplexes in established neighborhoods—are becoming increasingly rare, making this offering particularly attractive in today’s competitive market.
A Flexible Multi-Unit Layout
The building is currently configured as a triplex, with four bedrooms and three bathrooms spread across multiple levels. Each unit offers a distinct layout, appealing to a range of tenants or future redevelopment plans.
Unit #1, located on the main floor, is the largest of the three units. This spacious 2+ bedroom, 1-bath apartment features generous room sizes consistent with late-19th-century construction.
High ceilings and large windows give the unit a bright, open feel. Currently renting for $1,185 per month, this unit provides steady income while leaving room for rental growth through updates or modernization.
Unit #3 is a 1-bedroom, 1-bath apartment renting for $760 per month. Its compact layout makes it ideal for a single tenant or couple, and with cosmetic improvements, this unit could easily command higher rent in the future. Like the rest of the building, it reflects the historic bones of the structure while offering a blank canvas for renovation.
The two upper-floor units are each configured as 1 bedroom, 1 bathroom apartments.
These units benefit from added privacy and elevated views of the surrounding neighborhood. With thoughtful updates—such as improved flooring, updated kitchens, or refreshed bathrooms—these upper units could become highly desirable rentals or be incorporated into a single-family conversion.
Income Today, Potential Tomorrow
From an investment perspective, this property offers a compelling mix of existing cash flow and value-add potential. With current rents in place, a new owner can begin generating income immediately. At the same time, the below-market rents and dated condition provide opportunities to increase returns through strategic improvements.
For investors seeking a house-hack opportunity, this triplex could be an ideal solution. Live in the spacious main-floor unit while collecting rental income from the remaining apartments, significantly offsetting monthly housing costs.
Alternatively, investors focused on long-term appreciation may see this as a chance to reposition the property after renovations, either by increasing rents or converting the building into a high-value single-family home.
Conversion Potential: A Three-Story Dream Home
One of the most exciting aspects of 2203 Blake Avenue is its potential to be transformed into a three-story single-family residence. With its original 1889 construction, the building likely features solid framing, tall ceilings, and a layout well-suited for reconfiguration.
Imagine restoring period details while incorporating modern conveniences: an open-concept kitchen, multiple living areas, and spacious bedrooms spread across three levels. The park-facing location would be especially appealing for a family or owner-occupant seeking outdoor space just steps from their front door.
In a neighborhood where historic homes are prized, a thoughtfully renovated single-family conversion could significantly increase the property’s value.
Location Highlights
The property’s location in Saint Paul’s 55108 zip code places it within an established and desirable area. Being directly across from Langford Park adds daily lifestyle value for tenants or homeowners alike. Parks not only provide green views and recreational opportunities but also tend to enhance neighborhood stability and long-term property appeal.
The surrounding area offers convenient access to local amenities, public transportation, schools, and major thoroughfares. Whether used as a rental property or a primary residence, the location supports both livability and investment performance.
A Project with Promise
There is no denying that this property needs work. It is not a turnkey investment, nor is it a move-in-ready home. However, for buyers willing to put in the effort, 2203 Blake Avenue represents a chance to bring new life to a historic structure and unlock its full potential.
In a market where renovated properties often command premium prices, purchasing a triplex at $200,000 creates room in the budget for improvements while still maintaining a favorable cost basis.
Whether your vision involves restoring its historic charm, modernizing the units for increased rental income, or creating a one-of-a-kind three-story residence, this property offers the foundation to make it happen.
Final Thoughts
Opportunities like this don’t come along often. A historic triplex, priced aggressively, located across from a park, and offering both income and redevelopment potential, makes 2203 Blake Avenue a standout option in Saint Paul’s real estate landscape.
Bring your ideas, your contractor, and your imagination. With the right vision and care, this property could become not just a smart investment—but a true neighborhood gem.
FROM ZILLOW