1051 Hudson Road, Saint Paul, MN 55106
Commercial - Saint Paul, MN
- Added:
- Nov 11, 2025
- Days on Market:
- 217
- Last Refresh:
- Jun 16 at 10:06 pm
Property Features for 1051 Hudson Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Residential-Multi-Family
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 332922310102
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6656
Building Details
- Year built
- 1925
- Architectural style
- Other
Listing agent William Schultz (651) 379-5252
Listing office Keller Williams Premier Realty 635 Bielenberg Dr Ste 100, Woodbury, MN (651) 379-5252
Listing date Nov 11, 2025
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use building with 1 retail/office space and 2 residential units
- Commercial unit is approx. 1,200 SF with projected market rent up to $1,300/month
- Residential mix: 2BD/1BA apartment projected at $1,300/month and studio projected at $850/month
- Projected gross monthly income of $3,450 and projected annual gross of $41,400
- Located directly on the light rail line along the Gold Line rapid transit corridor
- Brick/stone exterior; built in 1925
Overview
The property is positioned directly on the light rail line and along the Gold Line rapid transit corridor in Saint Paul, MN. The public remarks also reference a city initiative to repurpose downtown office buildings into new residential units, which is expected to influence ridership and local business activity along the corridor.
For tenants, the building provides on-site flexibility: the commercial space can support a traditional lease or be adapted to specialized use, while the residential units can potentially serve longer-term occupants or short- to mid-term rental needs for people traveling through the transit corridor. For buyers, the combination of commercial and residential components offers a straightforward mixed-use structure within the stated zoning framework.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $22.20 |
| − Vacancy | −$1.6k | −$1.33 |
| EGI | $25.0k | $20.87 |
| − OpEx | −$7.5k | −$6.26 |
| NOI | $17.5k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.056091
- Latitude
- 44.952502
