Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107 Fairview Ave N Saint Paul, MN 55104

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,850,000

    12-unit multifamily property with recent capital improvements and stabilized operations.

    Type:Multifamily
    Property size:
    9,882 SF
    Added:
    Mar 19, 2026
    Days on Market:
    14
    Last Refresh:
    Mar 20 at 8:41 pm

    Property Features for 107 Fairview Ave N

    General Information

    Standard status
    Active
    Size
    9,882 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    Doug McNicoll

    Listing agent Doug McNicoll License #40492260

    Listing office MRG Realty Partners

    Listing date Mar 19, 2026

    Source Crexi

    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

    Overview

    Extensively Improved Multifamily Asset

    Fairview Flats is a 12-unit multifamily property that generates $192,000 in gross rents. The property includes 10 two-bedroom units and 2 studios, as well as three heated tuck-under garages. The asset has been fully converted to RUBS, enhancing expense recovery and income stability. Significant recent capital improvements include a full roof replacement with a 25-year warranty, masonry and exterior restoration, concrete and landscaping upgrades completed within the last year, and extensive interior updates including mechanical systems, kitchens, bathrooms, and common areas throughout the last 10 years. The property size is 9882 square feet. With stabilized operations and substantial reinvestment completed, this offering represents a turnkey investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1773381
    Latitude
    44.944789

    Nearby Similar for Sale

    • $2,000

      Turn-Key Office/Creative Space Available

      1,300 SF office/creative space with parking and amenities.
      1154 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $875,000

      Versatile Commercial Building on Corner Lot

      Adaptable commercial building with high visibility and multiple zoning possibilities.
      170 Pascal Street N, Saint Paul, MN 55104
      View Details
    • $1,225,000

      Grand Avenue Mixed-Use Building

      Three-unit mixed-use building with parking on Grand Avenue.
      1154 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $449,997

      Saint Paul Commercial Building

      Freestanding commercial building in Saint Paul available for sale.
      678 Robert Street S, Saint Paul, MN 55107
      View Details
    • $365,000

      Payne Avenue Mixed-Use Investment

      Mixed-use property with expansion potential in a redeveloping corridor.
      977 Payne Avenue, Saint Paul, MN 55130
      View Details
    • $2,000

      Grand Avenue Commercial Suites

      Prime commercial suites on Grand Avenue in Saint Paul.
      889 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $945,500

      Downtown St. Paul Medical Office

      Vacant medical office building with skyway and parking access.
      17 Exchange St W, Saint Paul, MN 55102
      View Details
    • $1,100

      Grand Avenue Office Space

      Turn-key office space on Grand Ave, Saint Paul.
      961 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $17

      Historic Office Suites in St. Paul

      Affordable office spaces with historic charm and modern amenities.
      413 Wacouta Street, Saint Paul, MN 55101
      View Details
    • $625,000

      Saint Paul Commercial Building

      Well-located commercial building in Saint Paul with high visibility.
      259 University Avenue W, Saint Paul, MN 55103
      View Details
    • $560,000

      Saint Paul Mixed-Use Opportunity

      Mixed-use property with income and upside in Saint Paul.
      890 Payne Avenue, Saint Paul, MN 55130
      View Details
    • $290,000

      Mixed-Use Commercial Property in Saint Paul

      Value-add investment opportunity in revitalizing Payne-Phalen corridor.
      1132 Payne Avenue, Saint Paul, MN 55130
      View Details

    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property with recent capital improvements and stabilized operations.
    Where is this apartment building located?
    The property is located at 107 Fairview Ave N Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Turnkey investment opportunity due to stabilized operations and substantial recent reinvestment.; High gross rents of $192,000.; **Full roof replacement with a 25‑year warranty.**
    (651) 900-4386
    We can help!
    Listing Contact
    Doug McNicoll
    Real Estate License ID: 40492260
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!