Edmund apartments presents a unique opportunity to buy with seller financing. Achieve a higher return on your investment by structuring a deal that works for you. This property features one building with three single car detached garages bringing in extra income. All units are fully occupied featuring eight 1-bedroom and 1-bath apartments. In the rear is a detached garage that comes with the sale and was built in 1913. Total square footage is 6,556 over two floors. Current in-place rents are $939.12 per month for the one bedrooms. Onsite coin laundry and extra storage lockers in the basement. All apartments feature hardwood floors, tall ceilings and loads of original trim and doors. Roof was replaced in 2022. Hot water boiler was replaced in 2015.
The same ownership group also is offering a 9-unit for $725,000 located next door to the south at 1563 Charles Ave that can also be purchase on a contract for deed. Terms negotiable.
Listing Courtesy of: Apartment Cash Flow, Inc.
651-263-3653
| Listing Id: | 7154979 |
|---|---|
| List Price: | $650,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $12,342 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 93 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Hamline Syndicate Add, No3 |
| Postal Code: | 55104 |
| Year Built: | 1913 |
| Number Of Units Total: | 8 |
| Accessibility Features: | None |
| Appliances: | Range, Refrigerator |
| Basement: | Yes |
| Basement: | Block, Full, Storage/Locker, Unfinished |
| Building Area Total: | 6556 |
| Construction Materials: | Concrete |
| Cooling: | Window Unit(s) |
| Current Use: | Residential |
| Directions: | Highway 94 to Snelling / Go North to Edmund / Go half a block east to the 8-unit property |
| Electric Expense: | $1,000 |
| Fencing: | None |
| Flooring: | Carpet, Tile, Vinyl, Wood |
| Foundation Area: | 3,000 |
| Fuel Expense: | 8500 |
| Garage Spaces: | 3 |
| Gross Income: | $88,742 |
| Heating: | Boiler, Hot Water |
| High School District: | St. Paul |
| Inclusions: | Building, Land, Leases, Rental License |
| Insurance Expense: | $8,470 |
| Levels: | Two |
| Listing Contract Date: | 2026-10-05 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.147 |
| Lot Size Dimensions: | 50 x 130 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $3,500 |
| Net Operating Income: | $44,130 |
| Assessment Pending: | No |
| Ceiling Height: | 8-10 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Door Height: | 7 |
| Garage Door Width: | 8 |
| Lender Owned: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | One Per Unit |
| Rental License Type: | Standard |
| School District Number: | 625 |
| School District Phone: | 6517678100 |
| Tax With Assessments: | $12,342 |
| Operating Expense: | $44,612 |
| Parcel Number: | 342923230150 |
| Parking Features: | Detached Garage |
| Pool Features: | None |
| Postal City: | Saint Paul |
| Public Survey Range: | 23 |
| Public Survey Section: | 34 |
| Public Survey Township: | 29 |
| Road Frontage Type: | City Street |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age 8 Years or Less, Flat |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Topography: | Level |
| Trash Expense: | $500 |
| Utilities: | Electric Separate, Heating Common, Hot Water Common |
| Window Features: | Blinds, Double Pane Windows, ENERGY STAR Qualified Windows |
| Water Sewer Expense: | $4,000 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Saint Paul |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| Rental License?: | Yes |
| Commercial Style Type: | Apartments/Multi Family, Apartments and Retail |
| School District Full Name: | 625 - St. Paul |
| For Sale Or Lease: | For Sale |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
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Property Last Updated: October 08, 2026 04:59 PM - CT
