This Saint Paul triplex across the street from Langford Park is priced to sell at $249,900. The main floor unit is a large 2 bedroom and 1 bathroom. The two upper floor units are each with 1 bedroom and 1 bathroom. Originally built in 1889. This would make the perfect opportunity to convert into a three-story home. Bring all your ideas as this property that some needs tender loving care
Beautiful side-by-side duplex just a short walk to Lake Nokomis in South Minneapolis MN. Built in 1930 this unique investment property features a 2 bedroom, 1 bathroom unit on Southside and a 1 bedroom, 1 bathroom unit on the Northside. Both apartments offer original hardwood flooring along with oak baseboard trim and crown moldings in the living and formal dining rooms. Each unit is currently rented with month to month leases in place. The exterior is low maintenance stucco and stone. This home received the MAC improvements in 2006 which included Marvin windows and high end storm windows. Roof was replaced in 2024. North side unit has 2 year old Furnace, AC and water heater. There is a two car detached garage along with two off-street parking spaces. You can not beat the location for this price!!
THIS IS A ONCE IN A LIFE-TIME OPPORTUNITY TO ACQUIRE A DOWNTOWN SAINT PETER ICONIC MIXED-USE BUILDING! ORIGINALLY CONSTRUCTED IN 1872 AS THE TOWNS MAIN HOTEL HANGOUT, THIS PROPERTY HAS SINCE BEEN CONVERTED INTO MAIN FLOOR AND LOWER LEVEL COMMERCIAL SPACES, 3-STORY ROW HOUSES, AND SECOND & THIRD FLOOR APARTMENTS. THE TOTAL GROSS BUILDING SQUARE FOOTAGE IS JUST OVER 24,000+. AFTER THE DEVASTATING 1998 TORNADO, A GROUP OF INVESTORS CAME TOGETHER TO SAVE THIS HISTORIC PIECE OF REAL ESTATE AND REPLACED THE ROOFS, WINDOWS, INSTALLED A NEW ELEVATOR, TUCK POINTED THE EXTERIOR BRICK, AND ADDED MAINTENANCE FREE METAL COPING AROUND THE WHOLE TOP OF THE STRUCTURE. THE 2ND & 3RD FLOOR APARTMENTS FEATURE TALL CEILING HEIGHTS AND UPDATED KITCHENS & BATHROOMS. IN THE BACK OF THE PROPERTY THERE ARE FOUR ROW HOUSES EACH WITH UNIQUE LAYOUTS AND SOME WITH THREE STORIES. TWO OF THESE ROW-HOUSES ARE 1BD, 1BA AND THE OTHER TWO ARE 2BD + DEN, 1BA. YOU WILL DEFINITELY WANT TO TOUR THIS BUILDING!! PRO-FORMA NOI $193,415 / CAP RATE 7.73 %
The Nicollet Ave apartment offers investors a higher return for their money than most deals on the market today!! The owner has carefully renovated every unit with newer kitchens, newer bathrooms, all new lighting and plumbing, renovated every unit with newer kitchens, newer bathrooms, all new lighting and plumbing fixtures, new carpet, refinished original oak hardwood flooring, and new tile and quartz countertops!! Each kitchen has also received a complete stainless-steel appliance package that includes full-size dishwashers. The laundry machines are leased through bds on a revenue shared program and offers residents an electronic payment system. The owner has also increased revenue significantly by implementing a utility reimbursement program through rubs. This asset will change hands fully rented and stabilized with market rents and leases running through spring/summer of 2026. The current in-place cap rate of 8.9% is based on a net operating income of $146,772.
Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies and a current in place 7.32% Cap Rate!!
Opportunity knocks with this three-story eight unit mixed-use building for sale. The property is located in the central business district in downtown Saint Peter, Minnesota. Historical occupancy is strong as it stays full all the time. The main floor features two larger retail and/or office spaces and currently has long term leases in place. The second and third floors offer six loft style apartments with tall ceiling heights and some exposed original brick. The exterior is all brick and has received all newer windows and the main floor commercial tenants have newer black awnings. There is a parking lot in the back alley for residential tenants and also an attached garage on the back side of the main floor commercial units. The lower level is used for storage but could be an opportunity for additional income with your ideas. Each commercial tenant pays for their own utilities including extra for trash. The residents upstairs are responsible for paying their own unit electric utilities and the owner pays for the boiler heat, water, sewer and trash. The current in-place cap rate is 7.60% with a net operating income of $67,669. A new owner has room to improve cash flows by raising rents organically over the next 1-2 years in a non rent controlled city on Minnesota. Call to get more financials and information.
THIS DOWNTOWN ICONIC SAINT PETER MINNESOTA PROPERTY OFFERS INVESTORS AN OPPORTUNITY TO ACQUIRE A UNIQUE ALL BRICK AND KASOTA LIMESTONE FIVE-UNIT MIXED-USE PROPERTY!! THE BUILDING FEATURES TWO LARGE MAIN FLOOR RETAIL UNITS. ERBERTS & GERBERTS IS ONE OF THESE ANCHOR TENANTS AND HAS A LONG LEASE IN PLACE. THE SECOND FLOOR FEATURES TWO OVERSIZED LOFT STYLE APARTMENTS WITH TALL CEILINGS. THE LOWER LEVEL IS LEASED TO A GOOD STANDING LONG TERM TENANT. THE WHOLE ASSET IS FULLY LEASED AND IN TURN-KEY CONDITION!! AMAZING EXTERIOR CURB APPEAL. MOST UTILITIES ARE PAID BY TENANTS. ROOF IS 1998 AND WINDOWS HAVE BEEN REPLACED. IN-PLACE CAP RATE OF 7.5% WITH NET OPERATING INCOME OF $52,081 - CALL FOR MORE FINANCIALS.
This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota.
Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94
729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.
Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America!
Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached garages, ensuring that tenants have ample space to park their vehicles.
The exterior of the property is well-maintained and features a classic brick façade, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major transportation routes, making it easy for tenants to commute to work or enjoy all that Richfield has to offer.
Investors looking for a turn-key property with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is fully occupied and turn-key in a non-rent controlled city on Minnesota!
The brick exterior façade makes this property shine. There are many updates in recent years including the front and rear entryways, security cameras, newer vinyl windows, brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014.
Year Built: 1966
Square Footage: 21,840
Units: 23
Zoning: Multiple-family District
Parking: 10 Garage Stalls plus plenty of off street parking
Exterior: Brick
Heating: Boiler
Roof: Flat - New installed by All Elements, Inc. in 2014
18 - 2 bedroom, 1 bath - Approx. 910+ Sqft.
5 - 1 bedroom, 1 bath - Approx. 750+ Sqft
2022: New Commercial High-Efficiency Water Heater built by Bock.
2018: New Carpet in Hallways, Common Areas, Entry Way
2014: Roof - Durolast by All Elements, Inc. with 15 year warranty
2013: Windows - Installed vinyl replacement sliders by Window World, Inc.
Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.
2419 Fryklund Drive SW is four side by side townhomes all with three bedroom and two full bathrooms. Built in 2000 slab on grade construction. Fully occupied with rental leases running through spring/summer of 2026. Tenants pay for all their own utilities. Owners expenses are taxes, insurance, lawn care, and snow removal.
Croixview Apartments is a very unique opportunity to acquire an 8-unit apartment asset situated in the scenic St.Croix river bluffs in Taylors Falls, MN. You can not beat the location and privacy sitting on 1.34 acres of land. All the units are two-bedroom, one full bathroom, with approximately 880 SqFt. The tenants pay for their unit electric which covers lights, baseboard heating, appliances, water heaters, and wall air conditioners. Owners pay for common area electric, water and sewer, and trash. The upper pitched part of the roof was replaced. The four apartments on the riverside either have a patio or balcony. There is plenty of off-street parking and a detached four-car garage for extra income. The residents enjoy having on-site coin operated washer and dryer location on the main floor. Average in place rent is $941.87. The building was constructed in 1980 and is currently 100% occupied! Ready for a new owner to take over and make their own!!
ATTRACTIVE 21-UNIT IN THE HIGHLY SOUGHT AFTER WHITTIER PARK NEIGHBORHOOD OF MINNEAPOLIS, MINNESOTA. ALL BRICK AND STUCCO EXTERIOR BUILT IN 1966 WITH GREAT CURB APPEAL. THE UNIT MIX FEATURES TWO WELL APPOINTED 2-BEDROOMS, FIFTEEN LARGE 1-BEDROOMS, AND FOUR STUDIOS. MOST OF THE APARTMENTS HAVE BEEN RENOVATED INCLUDING NEWER KITCHENS, BATHROOMS, LVP FLOORING, LIGHTING FIXTURES, AND UPDATED APPLIANCE PACKAGES. PROPERTY HAS NEWER DOUBLE PANE VINYL REPLACEMENT WINDOWS, TWO ENERGY EFFICIENT HOT WATER BOILERS, AND NEWER COIN OPERATED LAUNDRY MACHINES. CLOSE PROXIMITY TO THE MINNEAPOLIS COLLEGE OF ART & DESIGN (MCAD), MPLS. INSTITUTE OF ARTS MUSEUM, AND DOWNTOWN.
This is an amazing opportunity to acquire seven well-appointed apartments located in the heart of the Midway neighborhood of Saint Paul, MN. Every unit is unique in its own way accentuating remodeled kitchens and bathrooms, hardwood floors and luxury vinyl plank, and stainless-steel appliances. The unit mix is five 2-bedroom and two 3-bedroom. Well-constructed in 1890 and featuring newer roof, vinyl siding, and windows. Fully rented, on-site coin laundry, and balconies! One of the units is a two story two-bedroom and one 1/2 bath apartment with a spiral staircase. Property sits on 1/3 of an acre, nicely landscaped, new concrete sidewalks and stairs, and decorative retaining wall.
The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!
1648 Charles is a charming all-brick apartment building located a few short blocks from the Allianz soccer stadium in the midway neighborhood of Saint Paul, MN. Built in 1936 with 19 well-appointed units offering a new owner 6-one bedrooms and 13-studios. Apartments feature original hardwood flooring, lathe and textured plaster walls with decorative cove ceilings. The property is currently fully occupied and easy to rent with 14 colleges, universities, technical, and vocational schools located within the city limits of Saint Paul. The owner has meticulously cared for this property going on 20+ years and ready to let go and sell. Call for more financials.
1619 Hubbard Avenue is a remarkable investment opportunity to acquire 9 well-appointed units steps away from the prestigious Hamline University and five blocks south of the Minnesota State Fairgrounds. Every apartment is unique and spacious with some of them receiving solid surface quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors, and luxury vinyl plank. Kitchens and bathrooms are remodeled with newer tile, cabinets, plumbing and lighting fixtures and fresh paint. Newer hot water boiler services all apartments for heat and electrical panels and breakers have been updated. The exterior siding is maintenance free and windows have all been replaced. Both the pitched roofs on the main building and garage are newer. Building sits on a larger 0.34 acres with a detached five car garage for additional income and a back parking lot for tenants. This asset is 100% full and super easy to keep rented. Well Managed and great curb appeal!
14-units located right in the heart of the Midway neighborhood of Saint Paul, MN. Two identical seven-unit buildings next to each other offer all one-bedroom, one bath apartments with plenty of charm and character plus off-street parking. These properties are very well-maintained with newer commercial grade carpet and freshly painted walls throughout the common spaces and two renovated laundry rooms for residents to use and enjoy! All the top floor units feature solid oak hardwood floors! Each apartment includes unique and built-in bookcases that help separate the living rooms from the kitchens. The pitched roofs have been recently replaced and the freshly painted exterior stucco is low maintenance. Outside has plenty of green space around the buildings and in between and the back parking lot includes 13 off-street parking spaces. The buildings are secure, 100% fully occupied and easy to rent being close to both downtown Minneapolis and Saint Paul, MN and walking distance to the Minnesota United’s Allianz Field. Super clean and turn-key!!
Ohio Apartments offers a new owner a turn-key investment opportunity with 15 well-appointed units plus 8 garages. The unit mix consists of 8 two-bedroom, 1 bath and 7 one-bedroom, 1 bath apartments spread out over three full stories built in 1968. Charming curb appeal with the brick exterior in great condition, newer vinyl double pane windows, newer gutter downspouts and roof facia, plus a decorative black front entrance awning. This apartment complex is resting on almost a half acre and nicely landscaped with a newer asphalt parking lot and an attractive retaining wall. All but one of the apartments has been renovated with luxury vinyl plank flooring, new kitchen cabinets and hardware, quartz countertops, stainless steel energy efficient appliance package including dishwashers, carpet in bedrooms, and ceiling fans. The building has received newer vinyl replacement windows throughout and the common spaces were recently carpeted and freshly painted. The laundry room has been remodeled and offers tenants coin-operated speed queen washers and dryers with credit card readers. This asset is definately in above average condition and would make the perfect 1031 tax exchange purchase or syndication. Very low historical vacancy and super easy to rent being close to downtown Saint Paul, MN, West St.Paul and Mendota Heights, MN. Two blocks from Cherokee Park and the high bridge.
This is an exceptional side by side duplex in Saint Anthony Park neighborhood in St. Paul, MN. It is a 3bd, 2ba and a 2bd, 2ba each w/ roughly 1300 + sq ft. With a picturesque setting on 0.19 acres and mature trees, 2-car detached garage, and plenty of off-street parking. Residents pay their own utilities with the owner paying for trash and recycling. Both units offer in-unit laundry, central A/C, electrical panel upgrades, plus additional room in basement. Built in 1951. The 1536 unit will be left vacant for an owner occupied buyer.
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