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 Courtesy of: ScaleUp CRE
651-558-7308
| Listing Id: | 7151047 |
|---|---|
| List Price: | $1,400,900 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $22,284 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 98 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Mcmenemys Sub A |
| Postal Code: | 55130 |
| Year Built: | 1962 |
| Number Of Units Total: | 14 |
| Accessibility Features: | None |
| Appliances: | Range, Refrigerator |
| Association Amenities: | Coin-op Laundry Owned, Security Building |
| Basement: | Yes |
| Basement: | Block, Partial |
| Building Area Total: | 9472 |
| Cooling: | Wall Unit(s), Window Unit(s) |
| Current Use: | Residential |
| Directions: | Maryland To Westminster, South To Magnolia Ave East, On SW Corner |
| Fencing: | None |
| Flooring: | Carpet, Tile, Vinyl |
| Foundation Area: | 4,736 |
| Garage Spaces: | 0 |
| Gross Income: | $77,561 |
| Heating: | Boiler, Hot Water |
| High School District: | St. Paul |
| Inclusions: | Building, Land, Leases |
| Levels: | Two |
| Listing Contract Date: | 2026-09-26 |
| Lot Features: | Public Transit (w/in 6 blks), Corner Lot |
| Lot Size Area: | 0.331 |
| Lot Size Dimensions: | 123x117 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $5,538 |
| Net Operating Income: | $34,192 |
| Amenities Unit: | Hardwood Floors, Kitchen Window, Natural Woodwork, Security System, Tile Floors |
| Assessment Pending: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Lender Owned: | No |
| Owner Occupied: | 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 |
| Shared Rooms: | Other |
| Tax With Assessments: | $23,512 |
| Operating Expense: | $43,369 |
| Owner Pays: | Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection |
| Parcel Number: | 302922140001 |
| Parking Features: | Paved Lot, Unassigned, Open |
| Pool Features: | None |
| Postal City: | Saint Paul |
| Public Survey Range: | 22 |
| Public Survey Section: | 30 |
| Public Survey Township: | 29 |
| Road Frontage Type: | City Street, Curbs, Paved Streets, Sidewalks, Street Lights |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age Over 8 Years, Asphalt, Pitched |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Cable TV, Electricity |
| Trash Expense: | $1,606 |
| Utilities: | Electric Separate, Heating Common, Hot Water Common |
| Window Features: | Wood Frames |
| Water Sewer Expense: | $2,937 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Saint Paul |
| Exterior Features: | Stone, Stucco |
| Foundation Details: | Block |
| Rental License?: | Yes |
| Commercial Style Type: | Apartments/Multi Family |
| 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
Based on information submitted to the MLS GRID as of October 08, 2026 04:59 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:59 PM - CT
