$732,000
Saint Paul, MN 55105
MLS# 7048283
Property Description
This is a unique opportunity to acquire a well-maintained six-unit apartment building located in the highly desirable Summit Hill neighborhood of Saint Paul, Minnesota. Strong in-place income of approximately $86,000 annually with a 7.8% cap rate, featuring two newly built units and major recent capital improvements including a brand-new roof and boiler system. The property is ideally positioned near Grand Avenue with convenient access to I-94 and 35W, offering strong rents, low vacancy, and proximity to major retail, restaurants, and transportation corridors. This asset presents an excellent opportunity for both turnkey and long-term value-add investors seeking stable cash flow and long-term appreciation in one of Saint Paul’s most established rental markets.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $732,000
Contingency: None
ListPrice: 732000
List Date: 2026-03-23
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Waterfront Present: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 6940
Acres: 0.14
Foundation Size: 3294
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: BRYANTS PARK ADDITION NO 4 EX N 2O FT LOT 1 BLK 1
Listing City: Saint Paul
Map Page: 121
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 1922
Property ID Number: 022823330126
Tax Year: 2025
Tax Amount: 14114
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: This is a unique opportunity to acquire a well-maintained six-unit apartment building located in the highly desirable Summit Hill neighborhood of Saint Paul, Minnesota. Strong in-place income of
approximately $86,000 annually with a 7.8% cap rate, featuring two newly built units and major recent capital improvements including a brand-new roof and boiler system. The property is ideally positioned near Grand Avenue with convenient access to I-94 and 35W, offering strong rents, low vacancy, and proximity to major retail, restaurants, and transportation corridors. This asset presents an excellent opportunity for both turnkey and long-term value-add investors seeking stable cash flow and long-term appreciation in one of Saint Paul’s most established rental markets.
Directions: Located at the the intersection of Osceola Ave and S Oxford ST, across the Street from Global Arts Plus-Lower Campus and West of the Saint Paul Tennis Club.
Accessible
Partially Wheelchair: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 14114
Building Information
Building Finished SqFt: 5918
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Wood: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Unassigned: 1
Public Survey Info
Range#: 23
Section#: 02
Township#: 28
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Unit 1
Unit Number: 1
Unit Details
Total Units: 6
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Expenses: 33347
Annual Gross Income: 90504
Annual Insurance Expense: 4948
Annual Net Income: 57157
Total Annual Expenses: 33347
On Site Utilities
Electric Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Location Tax and Other Information
House Number: 1041
Street Name: Osceola
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55105
Complex/Dev/Subdivision: Bryants Park Addition, No 4,
Property Features
Accessible: Partially Wheelchair
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Common
Parking Characteristics: Unassigned
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Matthews Real Estate Investment Solutions
Last Updated: April - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.