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Nick Leavy

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

$1,295,000

Est. payment - /mo

0.39 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision The W St Paul Re&Imp Synd 1

MLS Listing ID 7022196

Year Built 1963

Annual Tax Amount $19,036

Tax Year 2026

Contingent None

Lot Size 0.390 Acres

Lot Dimensions 90 x 180

Property Description

Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Rooms

Basement Block, Finished, Full

Interior

Heating Boiler, Hot Water

Cooling Wall Unit(s)

Flooring Luxury Vinyl Plank, Tile, Wood

Inclusions Building, Land, Rental License

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Asphalt, Parking Lot, Paved Lot

Pool None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Asphalt,Pitched

Present Use Residential

Building

Lot Description Corner Lot

Story Three Or More

Foundation 2600

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Block,Frame

New Construction false

Schools

School District St. Paul

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Listed by Nathan Opatz • Apartment Cash Flow, Inc.

Nearby School & Business

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149 Morton ST E Saint Paul, MN 55107