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For Sale:  Saint Paul MLS# 7074206

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$741,000
/mo Edit
Commercial:  Other
7 br • 6 ba • Built 1890
0.126 acres
St. Paul schools
MLS# 7074206
763-576-8286
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    Property Description

    Strong multifamily investment opportunity in St Pauls highly desirable Cathedral Hill / Selby-Dale neighborhood. This 6-unit apartment building offers stable occupancy, strong long-term rental demand, and significant value-add potential in one of the citys most established and consistently sought-after neighborhoods. The property is currently 100 percent occupied and located within walking distance of Mississippi Market Co-Op, Selby and Dale restaurants, cafes, bars, shopping, and public transportation. Residents benefit from the neighborhoods historic character, walkability, and convenient access to both downtown St Paul and major transit corridors. Additional features include on-site coin-operated laundry in the basement. Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026. Future ownership will have the opportunity to improve NOI through utility cost recovery and operational efficiencies. Excellent opportunity to acquire a stable, cash-flowing asset in one of St Pauls premier multifamily neighborhoods.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $741,000
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1890
    State: MN
    Property Style: Other
    Zip Code: 55104
    Neighborhood/Area: 101
    Subdivision Name: Holcombes Add To, Saint P

    Interior

    Bedrooms: 7
    Bathrooms: 6
    Ceiling Height: 8-10
    Flooring: Carpet, Tile, Vinyl
    Refrigerators: Six or More
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Full
    • Owner Access
    • Shared Access
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 2,663 ft2
    Foundation Dimensions: 1575
    Handicap Accessible: Doors 36"+, Hallways 42"+
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiator
    Parking Features:
    • Gravel
    • Guest Parking
    • Parking Lot
    • Unassigned
    Road Frontage:
    • City Street
    • Curbs
    Exterior Material:
    • Block
    • Brick
    • Concrete
    • Frame
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.126
    Geolocation: 44.945528, -93.127865
    Inclusions: Building, Fixture/Equipment, Leases, Rental License
    Lot Dimensions: 50 x 110
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Tenant Expenses: Electricity, Gas, See Remarks

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $16,324
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $17,066

    Income

    Annual Gross Income: $81,300

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Common
    • Heating Separate
    • Hot Water Common
    • Hot Water Separate
    Water System: City Water/Connected

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Gold Group Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.