For Sale: Saint Paul MLS# 7015772
Active
$1,595,000
Commercial: Other
22 br • 16 ba • Built 1958
0.14 acres
St. Paul schools
MLS# 7015772
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Property Description
Solid 16-unit apartment complex opportunity in a high-demand East St. Paul location just a few
blocks from Lake Phalen. This all brick, two-building complex blends classic construction with
strong rental appeal. There is a 6-unit building features five spacious 2 R units and one 1BR,
while the 10-unit building offers nine 1BR units and one 2BR. A great mix of unit options to
capture a broad tenant base. Residents enjoy convenient off-street parking, easy access to public
transit right outside the door and proximity to Johnson High School, Farnsworth Elementary, and a wide array of shipping and dining options. Solid bones, desirable layout, and a good location! This is a rare opportunity to elevate your portfolio with a stable, income-producing asset in a consistently sought-after neighborhood.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,595,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1958
State:
MN
Property Style:
Other
Zip Code:
55106
Neighborhood/Area:
98
Subdivision Name:
Wilders Add
Interior
Bedrooms:
22
Bathrooms:
16
Refrigerators:
One
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Garage Spaces:
0
Foundation Size:
4,264 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Parking Lot
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Brick
- Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.977782, -93.063205
Inclusions:
Building
Lot Dimensions:
25 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
625
District Phone:
6517678100
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$29,397
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$30,800
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
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 RE/MAX Results.
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.