1232 Marshall AVE, Saint Paul, MN 55104 - MLS#6709632

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$810,000

Est. payment - /mo

12 Beds

6 Baths

5,206 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,206 sqft

Price per Sqft $155

Subdivision Anna E Ramsey Add

MLS Listing ID 6709632

Bedrooms 12

Year Built 1917

Annual Tax Amount $14,914

Lot Size 5,206 Sqft

Acres 0.12

Lot Dimensions TBD

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.

Location

State MN

County Ramsey

Community Anna E Ramsey Add

Direction From N Griggs St, turn left to Marshall Ave. The property is on the left side - 3 blocks after turning left.

Rooms

Basement Concrete Block, Full, Unfinished

Interior

Heating Baseboard, Boiler

Cooling Window

Exterior

Parking Features Parking Lot, Gravel Lot

Utilities Available Electric Separate, Hot Water Common

Roof Type Age Over 8 Years,Flat

Accessibility None

Building

Water City Water/Connected

Structure Type Concrete,Frame

Others

Senior Community No

Tax ID 032823120003

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Listed by RE/MAX Results

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