For Sale: Saint Paul MLS# 6709632
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Exceptionally located across the street from Concordia University, this fully occupied 6-unit apartment building offers strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors.
Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building—an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas.
Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they’re just minutes from Trader Joe’s, Whole Foods, and an exciting local dining scene.
A rare opportunity in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$810,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1917
State:
MN
Property Style:
Other
Zip Code:
55104
Neighborhood/Area:
Merriam Park/Lexington-Hamline
Subdivision Name:
Anna E Ramsey Add
Interior
Ceiling Height:
8-10
Ranges:
One
Refrigerators:
One
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Full
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
4
Air Conditioning:
Window Unit(s)
Foundation Size:
2,040 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Parking Features:
- Gravel
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
- Natural Woodwork
- Paneled Doors
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.12
Geolocation:
44.948216, -93.152314
Inclusions:
Building
Lot Dimensions:
TBD
Zoning:
- Business/Commercial
- Other
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Fuel Expense:
$6,290
Annual Insurance Expense:
$7,250
Annual Gross Expense:
$36,255
Annual Trash Expense:
$2,415
Annual Water/Sewer Expense:
$4,800
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,203
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$14,914
Income
Annual Gross Income:
$101,700
Rent
Annual Net Income:
$65,445
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.