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For Sale:  Saint Paul MLS# 7084821

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Active
$1,550,900
/mo Edit
Commercial:  2 Stories
Built 1962
0.331 acres
St. Paul schools
MLS# 7084821
763-576-8286
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    Property Description

    Income-producing multifamily investment opportunity featuring two separate 7-unit apartment buildings for a total of 14 rental units on a single PID. Situated on a desirable corner lot, each unit offers 1 bedroom and 1 bathroom, providing a consistent and highly marketable rental configuration. All tenants are currently on month-to-month leases, offering flexibility for future rent adjustments, property improvements, or management strategies. The property also includes 12 off-street parking stalls located at the rear of the buildings, adding convenience and value for residents.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,550,900
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1962
    State: MN
    Property Style: 2 Stories
    Zip Code: 55130
    Neighborhood/Area: 98
    Subdivision Name: Mcmenemys Sub A

    Interior

    Flooring: Carpet, Tile, Vinyl
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Partial

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Wall Unit(s), Window Unit(s)
    Foundation Size: 4,736 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features:
    • Open
    • Paved Lot
    • Unassigned
    Shared Amenities:
    • Coin-op Laundry Owned
    • Security Building
    Unit Amenities:
    • Hardwood Floors
    • Kitchen Window
    • Natural Woodwork
    • Security System
    • Tile Floors
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.331
    Geolocation: 44.9734527372, -93.0865757929
    Inclusions: Building, Land, Leases
    Lot Dimensions: 123 x 117
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Annual Maintenance Expense: $5,538
    Annual Trash Expense: $1,606
    Annual Water/Sewer Expense: $2,937
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $22,284
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $23,512

    Income

    Annual Gross Income: $77,561

    Rent

    Annual Net Income: $34,192

    Units

    Total Units: 14

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of ScaleUp CRE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.