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Saint Paul, MN 55104

$1,050,000

8-web-or-mls-010_DSC01966 virtually staged.jpeg

Property Type: Commercial Bedrooms: 18 Baths: 12 Square Footage: 15,405 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $1,050,000 List Date: 5/16/2026 Last Modified: 6/26/2026

Overview

Description

Rare opportunity to acquire one of the largest multifamily properties in the portfolio consisting of two joined and nearly identical brick buildings totaling 8 residential units. Unit mix includes four 1-bedroom units, two 3-bedroom units, and two exceptionally large 4-bedroom multi-level units, creating strong tenant demand across multiple renter profiles. Situated on a corner lot in a highly accessible St Paul location, the property features off-street parking, detached garage space for parking or storage, and spacious unit layouts uncommon for traditional multifamily properties. Strong brick exterior construction, stable rental history, and proximity to public transportation, shopping, restaurants, and major transportation corridors support long-term investment stability. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost re ... (Read more)

Listing Details MLS# 7074753

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront YN: No
Year Built: 1888
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4835
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.22
Lot Dimensions: 80 x 120
Assessment Pending: Yes

Property Features

Accessible: Doors 36"+; Hallways 42"+ Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Full; Owner Access; Partially Finished; Shared Access; Storage Space CMU Style: Apartments/Multi Family; Freestanding; Low Rise Construction Materials: Block; Brick; Concrete; Frame Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Wood Fencing: None Flooring: Carpet; Tile; Vinyl/Linoleum; Wood Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Boiler; Hot Water; Radiator Internet Options: Cable 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; See Remarks; Trash Collection; Water Parking Characteristics: Gravel Lot; Unassigned Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; See Remarks Topography: Level Wall Description: Concrete/Block; Drywall; Finished; Insulated; Plaster Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1050000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Holcombes Add To, Saint P

Assessments

Assessment Balance: 2439
Tax With Assessments: 21158

Basement

Foundation Dimensions: 79 x 65
Concrete Block: Yes
Egress Windows: Yes
Full: Yes
Owner Access: Yes
Partially Finished: Yes
Shared Access: Yes
Storage Space: Yes

More Information

Building Information

Building Finished SqFt: 15405
Building SqFt: 15405
Ceiling Height: 8-10

Income and Expenses

Annual Gross Income: 149820

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 16 x 16
Garage Square Feet: 256
Gravel Lot: Yes
Unassigned: Yes

Public Survey Info

Range#: 23
Section#: 02
Township#: 28

Sale Options

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

Unit 1

Unit Number: 732-1
Monthly Rent: 1167
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Level: Main Level
Unit Total SqFt: 700
Leased?: Yes
Lease Expiration Date: 2027-06-30
No. of 1 Bedroom Units: 4

Unit 2

Full Baths: Yes
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1150
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 732-2
Unit Total SqFt: 700

Unit 3

No. of 3 Bedroom Units: 2
Full Baths: 2
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 2100
Total Bathrooms: 2
Total Bedrooms: 4
Unit Number: 732-3
Unit Total SqFt: 1900

Unit 4

Full Baths: 2
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 1950
Total Bathrooms: 2
Total Bedrooms: 3
Unit Number: 732-4
Unit Total SqFt: 1800

Unit 5

Full Baths: Yes
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1180
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 736-1
Unit Total SqFt: 700

Unit 6

Full Baths: Yes
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 1130
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 736-2
Unit Total SqFt: 700

Unit 7

Full Baths: 2
Lease Expiration Date: 2027-06-30
Level: Multi-Level
Monthly Rent: 2100
Total Bathrooms: 2
Total Bedrooms: 4
Unit Number: 736-3
Unit Total SqFt: 1900

Unit 8

Full Baths: 2
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Multi-Level
Monthly Rent: 1708
Total Bathrooms: 2
Total Bedrooms: 3
Unit Number: 736-4
Unit Total SqFt: 1800

Unit Details

Total Units: 8

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: HOLCOMBES ADDITION TO SAINT P LOTS 15 AND LOT 16 BLK 2
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: 022823110032
Tax Year: 2026
Tax Amount: 18719
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity to acquire one of the largest multifamily properties in the portfolio consisting of two joined and nearly identical brick buildings totaling 8 residential units. Unit mix includes four 1-bedroom units, two 3-bedroom units, and two exceptionally large 4-bedroom multi-level units, creating strong tenant demand across multiple renter profiles. Situated on a corner lot in a highly accessible St Paul location, the property features off-street parking, detached garage space for parking or storage, and spacious unit layouts uncommon for traditional multifamily properties. Strong brick exterior construction, stable rental history, and proximity to public transportation, shopping, restaurants, and major transportation corridors support long-term investment stability. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies.
Directions: From I-94, take Dale St south to Marshall Ave, west to property.

Accessible

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

Air Conditioning

None: Yes

Amenities Shared

Coin-op Laundry Owned: 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
Wood: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl/Linoleum: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes
Radiator: Yes

Internet Options

Cable: Yes

Lot Description

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

Owner Pays

Electricity: Yes
Gas: Yes
See Remarks: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Porch: Yes
Terrace: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Wall Description

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

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: 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

Apartments/Multi Family: Yes
Freestanding: Yes
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

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