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For Sale:  Saint Paul MLS# 7075005

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Active
$826,500
/mo Edit
Commercial:  2 Stories
Built 1911
0.16 acres
St. Paul schools
MLS# 7075005
763-576-8286
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    Property 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

    Listing Status: Active
    Contingency: None
    List Price: $826,500
    Property Type: Commercial
    City: Saint Paul
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1911
    State: MN
    Property Style: 2 Stories
    Zip Code: 55102
    Neighborhood/Area: 101
    Subdivision Name: Dayton & Irvines Add

    Interior

    Ceiling Height: 8-10
    Flooring: Carpet, Tile, Vinyl
    Refrigerators: Six or More
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Full
    • Owner Access
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 2,695 ft2
    Foundation Dimensions: 35 x 77
    Fencing: None
    Handicap Accessible: Doors 36"+, Hallways 42"+
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiator
    Parking Features:
    • Gravel
    • On-Street Parking Only
    Unit Amenities: None
    Road Frontage: City Street
    Exterior Material:
    • Block
    • Brick
    • Concrete
    • Frame
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Rubber

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.16
    Geolocation: 44.947621, -93.111996
    Inclusions: Building, Fixture/Equipment, Leases, Rental License
    Lot Dimensions: 120 x 60
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: High Ground, Level

    Schools

    School District: 625
    District Phone: 6517678100

    Expenses

    Tenant Expenses: Electricity, Gas, See Remarks

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $15,694
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $16,670

    Income

    Annual Gross Income: $92,796

    Units

    Total Units: 8

    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

    Mortgage Calculator

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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.