Saint Paul Multifamily Investment
For Sale
Contact for pricing
Pending
108 Pierce Street, Saint Paul, MN 55104
Multifamily property in Merriam Park East neighborhood of Saint Paul.
Property Size7,200 SF
Days on Market99
Property Features for 108 Pierce Street
General Information
Standard status
Pending
Size
7,200 SF
Property subtype
Multifamily
Building Details
Year Built
1921
Buildings
1
Units
10
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Michael Jacobs · License #MN: 40760249 CA: 01979550
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Jul 24 at 1:16PM
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 Marcus & Millichap - Minneapolis
Investment Insights
Based on property information with market context.
The Walker Apartments, constructed in 1921, are located in the Merriam Park East neighborhood of Saint Paul. The property features a mix of one efficiency, one studio, and eight one-bedroom units. Units average approximately 643 square feet, with current rents averaging $1,099 per month. The apartments feature tall ceilings, strong natural light, hardwood flooring, ample closet space, and updated kitchen finishes. Additional features include gas ranges, on-site laundry, and tenant storage. Ownership has completed several capital improvements, including new soffit and gutters installed in 2025, replacement windows throughout the property in 2018, the addition of bathroom exhaust fans in all units in 2018, and a boiler replacement completed in 2011. The Walker Apartments benefits from close proximity to major educational institutions, including Concordia University, St. Paul, Macalester College, and University of St. Thomas. The location offers convenient access to neighborhood amenities, employment hubs, and public transit, supporting consistent rental demand. The property has benefited from long-term ownership and attentive management that has taken pride in maintaining and improving the asset over time, creating a strong sense of care and stability throughout the property. The property size is 7200 square feet.
Key Highlights
- Desirable Merriam Park East location in Saint Paul, offering convenient access to amenities, employment, and public transit.
- Attractive unit mix of efficiency, studio, and one‑bedroom apartments appealing to a broad tenant base.
- Well‑maintained property with long‑term ownership and attentive management, ensuring a strong physical condition.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Merriam Park East neighborhood of Saint Paul.
Where is this apartment building located?
The property is located at 108 Pierce Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Desirable Merriam Park East location in Saint Paul, offering convenient access to amenities, employment, and public transit.; Attractive unit mix of efficiency, studio, and one‑bedroom apartments appealing to a broad tenant base.; Well‑maintained property with long‑term ownership and attentive management, ensuring a strong physical condition.
