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    394 Cleveland Ave N Saint Paul, MN 55104

    For Sale
    $1,075,000

    Commercial - Saint Paul, MN

    Lot size:
    0.14 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 394 Cleveland Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Multi-Family
    APN
    332923320022
    Parking features
    Assigned, Other
    Exterior features
    Brick/Stone
    Appliances
    Cooktop, Dryer, Microwave
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1926
    Architectural style
    Other

    RE/MAX Advantage Plus (952) 226-7700 [email protected]

    Listing agent Mark P. Abdel (952) 226-7700

    Listing date Nov 18, 2025

    MLS# 6813885 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Saint Paul Multifamily Investment

    Located in the heart of Saint Paul, this well-maintained 10-unit apartment building at 394 Cleveland Avenue N presents a fantastic investment opportunity. Constructed in 1926, the property offers historic charm combined with numerous updates and strong rental appeal. The solid brick building spans over 8,300 square feet and is situated on a lot of approximately 6,000 square feet in the highly desirable Merriam Park West neighborhood. The location is known for its walkability, bikeability, and convenient access to shopping, restaurants, transit, and parks. Its proximity to multiple colleges, including the University of St. Thomas, Macalester College, Hamline University, St. Catherine University, Concordia University–St. Paul, Metropolitan State University, Augsburg University, and the University of Minnesota St. Paul campus, makes it particularly attractive to tenants. The property's location also offers convenient access to both downtown Minneapolis and St. Paul, contributing to consistent occupancy and long-term growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.187005
    Latitude
    44.952935

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit apartment building in desirable Merriam Park West.
    Where is this apartment building located?
    The property is located at 394 Cleveland Ave N Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: - Prime location in the highly desirable Merriam Park West neighborhood, offering walkability and bikeability.; - Strong rental appeal due to proximity to multiple colleges and universities.; - Well-maintained 10-unit apartment building with historic charm.
    (952) 226-7700
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    394 Cleveland Ave N Saint Paul, MN 55104
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