890 Payne Avenue 890 Payne Ave is a value-add mixed-use opportunity in Saint Paul's Payne-Phalen corridor offering income today and upside through stabilization. The property features one street-level commercial space (laundromat) plus four apartments (three 1BR units and one studio). Current operations generate $70, 680 in effective gross income with NOI of approximately $36, 382, and the market pro forma projects about $79, 080 in effective gross income with NOI increasing to roughly $44, 782 (about +23%), assuming expenses remain near current levels (~$34, 298/year). The sale also includes the B2-zoned lot at 648 York Ave (~4, 836 SF), adding valuable optionality for off-street parking, signage, storage, or future expansion potential (subject to city approvals).