306 King Street W - Photo 1
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306 King Street W
306 King Street W
306 King Street W
306 King Street W
306 King Street W

306 King Street W, Saint Paul, MN 55107 - MLS# 7127796

MLS® #: 7127796|Days on Market: 76|Listed: Aug 14, 2026

$379,999

$389,999↓ 2.6%
Bedrooms
5
Bathrooms
3
Square Feet
2,226
Acres
0.172
Year Built
1888
Property Type
Residential Income
Heating
Electric, Natural Gas, Forced Air
Days on Market
76
School District
625 - St. Paul

Investment opportunity in Saint Paul!

Welcome to 306 King St W, a well-maintained triplex offering an excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. This 2,226 sq ft property features three separate units with a total of 5 bedrooms and 3 bathrooms and an estimated $4,000/month in gross market rents.

The property has benefited from numerous improvements designed to add value and reduce future maintenance, including newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing, a high-efficiency furnace, updated flooring, insulated attic and crawlspace, and maintenance-free front decking. Shared laundry adds convenience for residents.

Location is another major advantage. Enjoy convenient access to downtown Saint Paul, public transportation, parks and recreation, restaurants, shopping, entertainment, and everyday amenities. The property is also well positioned for access to major roadways, making commuting throughout the Twin Cities convenient. Nearby employment centers, schools, neighborhood businesses, and Saint Paul's many cultural and entertainment destinations add to the area's rental appeal.

Whether you're an investor looking to add a three-unit income-producing property to your portfolio or an owner-occupant interested in living in one unit while collecting rent from the others, this property offers flexibility, valuable updates, and excellent income potential.

Three units. Great location. Approximately $4,000/month in gross market rent potential. Don't miss this Saint Paul investment opportunity — schedule your showing today!

306 King Street W, Saint Paul, MN 55107

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Interior Information

BasementDrain Tiled, Full
HeatingForced Air
FuelElectric, Natural Gas
LaundryIn Basement
ElectricCircuit Breakers

Size & Levels

LevelsTwo
Total Finished Sq Ft2,226 sq ft
Above Grade Finished2,226 sq ft
Main Level Finished1,113 sq ft

Exterior & Parking

ExteriorVinyl, Wood
ConstructionFrame
RoofAge Over 8 Years, Asphalt
FoundationCombination
Patio / PorchPorch

Lot & Utilities

Property SubtypeTriplex
Lot Size0.172 acres
Lot Dimensions150x50
Lot DescriptionIrregular Lot
ZoningResidential-Multi-Family
SubdivisionDawsons Add
TownshipSaint Paul
CountyRamsey
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street

Financial & Tax Information

Annual Taxes$7,840
Tax Year2026
Tax w/ Assessments$7,840
Assessment PendingNo
Parcel Number072822240142
Financing OptionsConventional, Cash
Assumable MortgageNot Assumable
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1939 or earlier, about 80% of occupied homes are owner-occupied, and the average commute is 22 minutes.

Cost of Ownership

Median home value

$275,200

Lower than the St. Paul median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,232/yr

Lower than the St. Paul median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,644/mo

Lower than the St. Paul median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$485/mo

Lower than the St. Paul median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,641/mo

Higher than the St. Paul median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

80%

Higher than St. Paul overall

The share of occupied homes lived in by their owners.

Median year built

1938

Similar to the St. Paul median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 1939 or earlier79%

Types of homes

The share of housing units in each building type.

  • Single-family detached76%
  • Townhome / attached6%
  • 2-4 units14%

Getting Around

Average commute

22 min

Similar to the St. Paul median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone70%
  • Work from home15%

Homes with broadband

96%

Similar than St. Paul overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Saint Paul Public Schools

This home is in the Cherokee Heights Elementary School, Humboldt High School Middle and Humboldt High School attendance areas of Saint Paul Public Schools.

Elementary

Cherokee Heights Elementary School

Grades PK-5 · 0.2 mi away

Enrollment
228
Students per teacher
10.4

694 Charlton St, Saint Paul, MN 55107

(651) 293-8610

Middle

Humboldt High School

Grades 6-12 · 0.7 mi away

Enrollment
955
Students per teacher
18.4

30 Baker St E, Saint Paul, MN 55107

(651) 293-8600

High

Humboldt High School

Grades 6-12 · 0.7 mi away

Enrollment
955
Students per teacher
18.4

30 Baker St E, Saint Paul, MN 55107

(651) 293-8600

School assignments can change. Verify enrollment with Saint Paul Public Schools.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

Broker Reciprocity logo
Listed by: Gold Door Realty LLC
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.