Saint Paul, MN - 399 Ashland Ave - 19 UNITS - $1,500,000

This stately 19-unit investment property is over 10,500+ square feet with loads of charm and historic character. Originally built in 1890 as a side-by-side duplex it now offers nineteen one-bedroom and studio apartments.  Three units are full one bedroom, one bathroom units. Sixteen of the units share 6 common area bathrooms.  All the units have either a full-size kitchen or a kitchenette.  The  exterior is all brick and stone and features a newer roof.  Tall ceiling heights and skylights!!

Located in one of the most sought after neighborhoods in Saint Paul, Minnesota. Cathedral Hill or Summit Hill is the cities most historic and charming neighborhoods! From its stunning architecture and beautiful real estate to its rich history and vibrant community, this area offers an unforgettable experience for residents and visitors alike. Breathtaking historic homes, iconic landmarks, and some of the best restaurants in the state—including local favorites like WA Frost, known for its incredible ambiance and elevated dining experience.

Property Facts

  • Year Built: 1890

  • Units: 19 garden style apartments

  • Square Footage: Building total 10,828 sqft

  • Zoning: Multiple-dwelling

  • Parking: 4 off-street parking spots

  • Exterior: All-brick and stone exterior

  • Heating: Two hot water boilers / caravan slant fin

  • Air Conditioning: Window air conditioners / tenants provide

  • Roof: A combination of newer pitched asphalt roofing and flat rubber roofing

  • Patios: The front offers two smaller patios for residents to enjoy

  • Laundry: Two sets of coin laundry machines / seller owned

  • Storage: Basement has plenty of extra storage areas

Unit Description

  • 16 - Studio with Kitchenette - Approx. 275+ Sqft. / Average rent $738.53

  • 3 - One Bedroom, One Bath - Approx. 600+ Sqft / Average rent $1,221.67