Solid all-brick 8-unit apartment building featuring seven 1-bedroom units and one studio, offering a desirable mix for renters. The property has a newer roof, on-site laundry, and off-street parking located behind the building.
Conveniently situated within walking distance of shopping, restaurants, a beach, parks, gas station, and public transportation, making this a location that appeals to tenants who value convenience and accessibility.
The property is easy to show and easy to rent, making it an excellent opportunity for an investor looking for a well-located multifamily property with a practical unit mix and desirable tenant amenities.
This building qualifies as Affordable Housing. A great opportunity to add an established 8-unit property to your investment portfolio.
Listing Courtesy of: Investors Realty MN
651-222-3456
| Listing Id: | 7151644 |
|---|---|
| List Price: | $895,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bedrooms Total: | 7 |
| Bathrooms Full: | 8 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $15,663 |
| Waterfront?: | No |
| City: | Saint Paul |
| Neighborhood: | 97 |
| County Or Parish: | Ramsey |
| Subdivision Name: | Rice Street Villas |
| Postal Code: | 55117 |
| Year Built: | 1968 |
| Number Of Units Total: | 8 |
| Accessibility Features: | None |
| Appliances: | Range, Refrigerator |
| Basement: | No |
| Bathrooms Total Integer: | 8 |
| Building Area Total: | 5986 |
| Cooling: | Wall Unit(s) |
| Current Use: | Residential |
| Directions: | Rice to Wheelock Parkway, W on Wheelock to Albemarle. |
| Foundation Area: | 2,993 |
| Fuel Expense: | 4450 |
| Garage Spaces: | 0 |
| Gross Income: | $90,804 |
| Heating: | Baseboard |
| High School District: | St. Paul |
| Inclusions: | Building |
| Insurance Expense: | $5,500 |
| Levels: | Two |
| Listing Contract Date: | 2026-09-29 |
| Living Area Units: | Square Feet |
| Lot Features: | Corner Lot |
| Lot Size Area: | 0.291 |
| Lot Size Dimensions: | 123 x 100 |
| Lot Size Units: | Acres |
| Net Operating Income: | $75,757 |
| Amenities Unit: | Balcony |
| Assessment Pending: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Power Company: | Xcel Energy |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Six or More |
| Rental License Type: | Standard |
| School District Number: | 625 |
| School District Phone: | 6517678100 |
| Tax With Assessments: | $16,863 |
| Operating Expense: | $15,047 |
| Owner Pays: | Common Area Maintenance, Exterior Maintenance, Gas, Heat, Hot Water, HVAC Maintenance, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water |
| Parcel Number: | 242923110090 |
| Parking Features: | Parking Lot |
| Postal City: | Saint Paul |
| Public Survey Range: | 23 |
| Public Survey Section: | 24 |
| Public Survey Township: | 29 |
| Roof: | Age 8 Years or Less |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Cable TV, Electricity |
| Trash Expense: | $2,971 |
| Utilities: | Electric Separate |
| Water Sewer Expense: | $2,126 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Saint Paul |
| For Sale Or Lease: | For Sale |
| Exterior Features: | Stone |
| Foundation Details: | Block |
| Rental License?: | Yes |
| Commercial Style Type: | Apartments/Multi Family |
| School District Full Name: | 625 - St. Paul |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:23 PM - CT
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Property Last Updated: October 08, 2026 04:23 PM - CT
