Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $810,000
MLS#: 6709632
Current Price: $810,000
Address: 1232 Marshall Avenue, Saint Paul, MN 55104
City: Saint Paul
State: MN
Postal Code: 55104
Geo Lat: 44.948216
Geo Lon: -93.152314
Subdivision: Anna E Ramsey Add
County: Ramsey
Property Description
Year Built: 1917
Lot Size SqFt: 5206
Gen Tax: 14914
Specials Inst: 711.36
High School: ********
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Total SqFt.: ********
Style: ********
Total Bedrooms: 12
Total Bathrooms: 6
Total Full Baths: ********
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Garage Stalls: 0
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