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729 Oakdale Avenue, Saint Paul, MN 55107

$2,600,000

Property Type: Commercial Lot Size (sq. ft.): 22,216 Status: Active

Current Price: $2,600,000 List Date: 11/07/2025 Last Modified: 5/27/2026

Overview

Description

This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.

Listing Details MLS# 6815535

General Property Information

Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6600
Garage Stalls: 10
For Sale or Lease: For Sale
Acres: 0.51
Lot Dimensions: 200 x 110
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Egress Windows; Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Brick/Stone Fencing: None Flooring: Carpet; Luxury Vinyl Plank; Tile Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Hot Water; Lawn; Lawn; Trash Collection; Water Parking Characteristics: Parking Lot Pool Description: None Potential Use: Income Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat; Rubber Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Broadband; Electricity Topography: Level Wall Description: Drywall Water: City Water/Connected Window Features: Double Pane Windows

Contract Information

Contingency: None
ListPrice: 2600000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 729
Street Name: Oakdale
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55107
Complex/Dev/Subdivision: The W St Paul Re&Imp Synd 1

Assessments

Tax With Assessments: 43226
Assessment Balance: 0

Building Information

Building Finished SqFt: 19800
Building SqFt: 19800
Ceiling Height: 8-10

More Information

Income and Expenses

Annual Caretaker Expense: 15618
Annual Electric Expense: 2100
Annual Fuel Expense: 120000
Annual Gross Expenses: 125889
Annual Gross Income: 312366
Annual Insurance Expense: 14250
Annual Maintenance Expense: 7475
Annual Net Income: 186477
Annual Water/Sewer Expense: 20300
Total Annual Expenses: 125889

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 08
Township#: 28

Sale Options

Sale Includes: Building, Land, Rental License

Unit 1

No. of 1 Bedroom Units: 11

Unit 2

No. of 2 Bedroom Units: 12

Unit Details

Total Units: 23

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: THE W ST PAUL REIMP SYND 1 VAC ALLEY ACCRUING AND FOL LOTS 1 2 3 4 AND LOT 5 BLK 5
Listing City: Saint Paul
Map Page: 122
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 3059
Property ID Number: 082822310139
Tax Year: 2025
Tax Amount: 43226
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.
Directions: Oakdale avenue to property

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Egress Windows: Yes
Full: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Luxury Vinyl Plank: Yes
Tile: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Lock Box Type

None: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Gas: Yes
Hot Water: Yes
Lawn: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

Window Features

Double Pane Windows: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Potential Use

Income: Yes

Rent Rate per Foot

Per Month: Yes

Listing Office: Apartment Cash Flow, Inc.

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.