Investors who have been looking for a clean, cashflowing property, this may be just what you've been looking for! This well maintained 7 unit building is an easy to operate, easy to manage investment at a price that is hard to find in today's market.
All seven one bedroom units are occupied, six of the seven residents have been in place for more than two years, and there has been no turnover in the past twelve months. The seller has invested thousands in upgrades, including a new boiler in 2024 and an updated water heater in 2022. Leases already include utility chargebacks for water, sewer, and trash, putting roughly $3,000 per year back on the bottom line.
There is also untapped income sitting on the table. Parking and storage are currently offered at no charge, and rents average under $900 against a market in the $970 to $1,050 range.
A buyer willing to put in a little work on marketing and presentation, professional photos and floor plans are already on file, has real income upside waiting to be captured.
The location could not be more convenient. Centrally positioned between the downtowns, roughly 10 minutes to downtown St Paul and 15 minutes to downtown Minneapolis, just north of I-94, and about a 5 minute walk (0.3 miles) to the Green Line's Snelling Avenue Station.
The A Line rapid bus and local routes on Snelling and University are a short walk away, and Allianz ...
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Listing Courtesy of: MRG Realty Partners, LLC
651-955-4255
Buyer Represented by: Real Broker, LLC
| Listing Id: | 7104912 |
|---|---|
| List Price: | $565,000 |
| Close Price: | $583,000 |
| Close Date: | 2026-09-30 |
| Property Type: | Commercial Sale |
| Status: | Closed |
| Bedrooms Total: | 7 |
| Bathrooms Full: | 7 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $13,498 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 96 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Milham Park, Ramsey Co, , Minn |
| Postal Code: | 55104 |
| Year Built: | 1958 |
| Number Of Units Total: | 7 |
| Accessibility Features: | None |
| Basement: | No |
| Bathrooms Total Integer: | 7 |
| Building Area Total: | 8544 |
| Cooling: | Wall Unit(s), Window Unit(s) |
| Current Use: | Residential |
| Directions: | Snelling Ave N to West on St Anthony Ave, North on N Pierce St, property is on the right. |
| Electric Expense: | $371 |
| Flooring: | Carpet, Luxury Vinyl Plank, Tile |
| Foundation Area: | 3,500 |
| Fuel Expense: | 2730.15 |
| Garage Spaces: | 0 |
| Gross Income: | $74,920 |
| Heating: | Boiler |
| High School District: | St. Paul |
| Inclusions: | Building, Land, Leases, Rental License |
| Insurance Expense: | $4,374 |
| Levels: | Two |
| Listing Contract Date: | 2026-07-30 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.162 |
| Lot Size Dimensions: | 120 x 60 |
| Lot Size Units: | Acres |
| Assessment Pending: | No |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Rental License Type: | Standard |
| School District Number: | 625 |
| School District Phone: | 6517678100 |
| Tax With Assessments: | $14,112 |
| Owner Pays: | Insurance, Grounds Care, Repairs, Taxes |
| Parcel Number: | 332923410109 |
| Parking Features: | Parking Lot |
| Postal City: | Saint Paul |
| Public Survey Range: | 23 |
| Public Survey Section: | 33 |
| Public Survey Township: | 29 |
| Roof: | Age Over 8 Years |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Electricity, Heat, Hot Water, Insurance, Sewer, Trash Collection, Water |
| Trash Expense: | $1,969 |
| Utilities: | Electric Separate, Heating Common, Hot Water Common |
| Water Sewer Expense: | $3,152 |
| Water Source: | City Water/Connected |
| Zoning Description: | Business/Commercial, Residential-Multi-Family |
| Township: | Saint Paul |
| Exterior Features: | Aluminum Siding |
| Foundation Details: | Block |
| Rental License?: | Yes |
| Commercial Style Type: | Apartments/Multi Family |
| School District Full Name: | 625 - St. Paul |
| Pending Timestamp: | 2026-09-28 |
| For Sale Or Lease: | For Sale |
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The data on this website relating to real estate for sale comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota.
All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing. Real estate listings held by brokerage firms other than the publisher of this website are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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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
