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Saint Paul, MN 55102

$785,000

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Property Type: Commercial Square Footage: 8,085 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $785,000 List Date: 5/16/2026 Last Modified: 6/26/2026

Overview

Description

Classic Cathedral Hill 8-unit apartment building consisting entirely of 1BR/1BA units (675 SF each) in one of St Pauls most desirable historic neighborhoods. Property is currently 100 percent occupied with strong in-place cash flow and monthly gross rents of $7,733. Residents enjoy walkable access to restaurants, cafes, shops, and neighborhood amenities along the Selby and Western corridor. Features include coin-operated laundry and separately metered gas and electric currently paid directly by tenants. Ownership is implementing a RUBS utility reimbursement system across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies. Excellent opportunity for investors seeking long-term value-add potential in a highly stable rental location.

Listing Details MLS# 7075005

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1911
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2695
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: 120 x 60
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: Doors 36"+; Hallways 42"+ Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Amenities Unit: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Full; Owner Access; Shared Access; Storage Space; Storage/Locker CMU Style: Low Rise Construction Materials: Block; Brick; Concrete; Frame Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Stucco Fencing: None Flooring: Carpet; Tile; Vinyl/Linoleum Foundation: Brick/Mortar; Combination; Concrete Block; Concrete Perimeter Fuel: Natural Gas Heating: Boiler; Hot Water; Radiator Internet Options: Cable; Fiber Optic Loan Terms: Cash; Conventional; FHA; VA Location Description: Free Standing Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light On Site Utilities: Electric Common; Electric Separate; Heating Common; Heating Separate; Hot Water Common; Hot Water Separate Owner Pays: Electricity; Gas; Heat; Hot Water; See Remarks; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Gravel Lot Pool Description: None 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 Shared Rooms: Other Stories: Two Tenant Pays: Electricity; Gas; See Remarks Topography: High Ground; Level Wall Description: Concrete/Block; Drywall; Finished; Insulated; Plaster Water: City Water/Connected Window Features: Blinds; Screens; Storm Window(s); Wood Frames

Contract Information

Contingency: None
ListPrice: 785000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55102
Complex/Dev/Subdivision: Dayton & Irvines Add

Assessments

Assessment Balance: 976
Tax With Assessments: 16670

Basement

Foundation Dimensions: 35 x 77
Concrete Block: Yes
Full: Yes
Owner Access: Yes
Shared Access: Yes
Storage Space: Yes
Storage/Locker: Yes

More Information

Building Information

Building Finished SqFt: 5390
Building SqFt: 8085
Ceiling Height: 8-10

Income and Expenses

Annual Gross Income: 92796

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 01
Township#: 28

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases, Rental License

Unit 1

No. of 1 Bedroom Units: 8

Unit Details

Total Units: 8

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: DAYTON AND IRVINES ADDITION LOT 31 BLK 82
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 2659
Property ID Number: 012823120016
Tax Year: 2026
Tax Amount: 15694
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Classic Cathedral Hill 8-unit apartment building consisting entirely of 1BR/1BA units (675 SF each) in one of St Pauls most desirable historic neighborhoods. Property is currently 100 percent occupied with strong in-place cash flow and monthly gross rents of $7,733. Residents enjoy walkable access to restaurants, cafes, shops, and neighborhood amenities along the Selby and Western corridor. Features include coin-operated laundry and separately metered gas and electric currently paid directly by tenants. Ownership is implementing a RUBS utility reimbursement system across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies. Excellent opportunity for investors seeking long-term value-add potential in a highly stable rental location.
Directions: From I-94, take Dale St South to Dayton Avenue, East to property.

Accessible

Doors 36"+: Yes
Hallways 42"+: Yes

Air Conditioning

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Amenities Unit

None: Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl/Linoleum: Yes

Foundation

Brick/Mortar: Yes
Combination: Yes
Concrete Block: Yes
Concrete Perimeter: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes
Radiator: Yes

Internet Options

Cable: Yes
Fiber Optic: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
See Remarks: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Gravel 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

Shared Rooms

Other: Yes

Stories

Two: Yes

Topography

High Ground: Yes
Level: Yes

Wall Description

Concrete/Block: Yes
Drywall: Yes
Finished: Yes
Insulated: Yes
Plaster: Yes

Water

City Water/Connected: Yes

Window Features

Blinds: Yes
Screens: Yes
Storm Window(s): Yes
Wood Frames: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
See Remarks: Yes

On Site Utilities

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

CMU Style

Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Location Description

Free Standing: Yes

Rent Rate per Foot

Per Month: Yes

Listing Office: Gold Group Realty, LLC

Last Updated: June - 26 - 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.