Brick Apartment Building with Renovated
For Sale
$1,649,000
105 Park St E, South Saint Paul, MN 55075
Twelve-unit garden-style property with updated common areas, individual electric heat, detached garages, and off-street parking.
Property Size10,902 SF
Price / SF$151.26
Days on Market52
Property Features for 105 Park St E
General Information
Standard status
Active
Size
10,902 SF
Total Parking Spaces
22
Zoning
Multiple-dwelling
Units
Unit Mix
11 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
12
Additional Details
Highway Access
Yes
Amenities
balconies
patios
laundry
storage lockers
air conditioning
Building Details
Year Built
1978
Buildings
1
Construction
brick and stucco
Listing Agency:
Apartment Cash Flow, Inc.
Listed By:
Nathan P. Opatz · License ##40329256
(651) 263-3653
Source:
Tayloronken
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 7 at 3:42PM
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 Apartment Cash Flow, Inc.
Investment Insights
Based on property information with market context.
Located at 105 Park Street E in South Saint Paul, The Park Apartments is a 12-unit garden-style property built in 1978. The 10,902-square-foot building has an all-brick and stucco exterior, flat roofing, individual electric baseboard heaters, wall-mounted air conditioning units, balconies serving eight upper-floor units, and private patios for two south-facing garden apartments.
Five apartments have been renovated with updated flooring, bathrooms, kitchens, fixtures, doors, blinds, and stainless steel appliances. Common areas were painted and carpeted in 2024, while a new water softener system and exterior concrete steps were added in 2025. The property includes two sets of seller-owned Maytag coin laundry machines, three hallway storage lockers, four detached two-car garage stalls, and 14 off-street parking spaces.
The property is zoned Multiple-dwelling and sits just off Highway 494, between Highways 52 and 61. Its South St. Paul setting is near the Mississippi River, Kaposia Landing, the Mississippi River Greenway, and Minneapolis-Saint Paul International Airport.
Five apartments have been renovated with updated flooring, bathrooms, kitchens, fixtures, doors, blinds, and stainless steel appliances. Common areas were painted and carpeted in 2024, while a new water softener system and exterior concrete steps were added in 2025. The property includes two sets of seller-owned Maytag coin laundry machines, three hallway storage lockers, four detached two-car garage stalls, and 14 off-street parking spaces.
The property is zoned Multiple-dwelling and sits just off Highway 494, between Highways 52 and 61. Its South St. Paul setting is near the Mississippi River, Kaposia Landing, the Mississippi River Greenway, and Minneapolis-Saint Paul International Airport.
Key Highlights
- 12 garden‑style apartments in a 10,902 sqft building constructed in 1978
- 11 two‑bedroom units and 1 one‑bedroom unit
- Five of the 12 apartments have been fully renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,302
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,926,040
$2.9M
Cap Rate 7%
$2,090,029
$2.1M
Cap Rate 9%
$1,625,578
$1.6M
Market Conditions
NOI Build-Up for 10,902 SF
Gross rent
$283.9K $26.04/SF
− Vacancy
−$17.9K −$1.64/SF
EGI
$266.0K $24.40/SF
− OpEx
−$119.7K −$10.98/SF
NOI
$146.3K $13.42/SF
Area
Dakota County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,926,040
Cap Rate 7%
$2,090,029
Cap Rate 9%
$1,625,578
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,302 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.68M
$2.35M – $3.13M
NOI $187,798 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 55075, MN
20,749
Population
8,460
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
3,705
Density / Sq Mi
$84,573
Median Household Income
$48,724
Median Earnings
$1,128
Median Rent
$267,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit garden-style property with updated common areas, individual electric heat, detached garages, and off-street parking.
Where is this apartment building located?
The property is located at 105 Park St E South Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 12 garden‑style apartments in a 10,902 sqft building constructed in 1978; 11 two‑bedroom units and 1 one‑bedroom unit; Five of the 12 apartments have been fully renovated
