Two-Story Multifamily Apartment
1010 Lafond Avenue Saint Paul, MN 55104
For Sale
$1,100,000
Built in 1964, this two-story building offers seven two-bedroom and four one-bedroom units with recent capital improvements.
Property Size9,240 SF
Price / SF$119.05
Days on Market127
Property Features for 1010 Lafond Avenue
General Information
- Standard status
- Active
- Size
- 9,240 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1964
Listing Agency:
MRG Realty Partners, LLC
(651) 955-4255
Listed By:
Nathan Schammel
(651) 955-4255
Source:
Xome
Added: Mar 19
Changed: Jul 23
Last Checked: Jul 23 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners, LLC
Investment Insights
Based on property information with market context.
Built in 1964, this two-story apartment building includes a unit mix of seven 2-bedroom and four 1-bedroom apartments, totaling approximately 7,850 rentable square feet. The property has parking and storage that are not currently being billed and includes a resurfaced parking lot (2019) with 10 surface spots, along with dedicated space for trash and recycling service.
Capital improvements over the past decade include vinyl double-pane windows, a white EPDM flat roof, and a newer water heater. The expense structure includes owner-paid water, sewer, trash, and heat. The remarks also note that most units are market-rate and that investors have the option to participate in affordable housing programs offered by Saint Paul and Ramsey County, including the 4-D Tax Program, which can reduce property taxes by up to 80%. The property is positioned near the Lexington Parkway and University Avenue corridor, with access to public transit, major highway access, neighborhood retail, and employment and development activity along University Avenue.
Capital improvements over the past decade include vinyl double-pane windows, a white EPDM flat roof, and a newer water heater. The expense structure includes owner-paid water, sewer, trash, and heat. The remarks also note that most units are market-rate and that investors have the option to participate in affordable housing programs offered by Saint Paul and Ramsey County, including the 4-D Tax Program, which can reduce property taxes by up to 80%. The property is positioned near the Lexington Parkway and University Avenue corridor, with access to public transit, major highway access, neighborhood retail, and employment and development activity along University Avenue.
Key Highlights
- Two‑story apartment building built in 1964 with 7 two‑bedroom and 4 one‑bedroom units totaling approx. 7,850 rentable SF
- Recent capital improvements include vinyl double‑pane windows, a white EPDM flat roof, and a newer water heater
- Resurfaced parking lot (2019) with 10 surface parking spots plus dedicated trash and recycling service space
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 1964, this two-story building offers seven two-bedroom and four one-bedroom units with recent capital improvements.
Where is this apartment building located?
The property is located at 1010 Lafond Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story apartment building built in 1964 with 7 two‑bedroom and 4 one‑bedroom units totaling approx. 7,850 rentable SF; Recent capital improvements include vinyl double‑pane windows, a white EPDM flat roof, and a newer water heater; Resurfaced parking lot (2019) with 10 surface parking spots plus dedicated trash and recycling service space
