For Sale: Saint Paul MLS# 7114843
Active
NEW!
$1,250,000
Commercial: Other
Built 1963
0.277 acres
St. Paul schools
MLS# 7114843
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Property Description
Exceptional investment opportunity to own a 12-unit apartment building in a convenient Saint Paul location. This well-maintained property features a strong mix of updated units with modern finishes, including renovated kitchens and bathrooms, stainless steel appliances, and newer flooring. Residents enjoy on-site laundry, off-street parking, and easy access to shopping, restaurants, parks, public transit, and major highways.
The property offers strong in-place income with additional upside through continued interior improvements and long-term rent growth. Whether you're expanding an existing portfolio or making your first multifamily acquisition, this is an excellent opportunity to own a solid asset in one of Saint Paul's established rental markets. Financial information available upon request.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1963
State:
MN
Property Style:
Other
Zip Code:
55104
Neighborhood/Area:
93
Subdivision Name:
Midway Heights
Interior
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Basement Details:
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,477 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
- Radiant
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.277
Geolocation:
44.963614, -93.179493
Inclusions:
Building
Lot Dimensions:
90 x 179 x 75 x 136
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
625
District Phone:
6517678100
Expenses
Tenant Expenses:
Broadband, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$28,644
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$28,644
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Grand Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.