Saint Paul Multifamily Investment
For Sale
Contact for pricing
Pending
1145 7th St W, Saint Paul, MN 55102
Well-maintained 7-unit apartment building near downtown Saint Paul.
Property Size7,600 SF
Days on Market149
Property Features for 1145 7th St W
General Information
Standard status
Pending
Size
7,600 SF
Class
C
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
Multi-family
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1966
Year Renovated
2000
Buildings
1
Stories
2
Units
7
Listing Agency:
Apartment Cash Flow Inc.
(651) 263-3653
Listed By:
Nathan Opatz · License #MN #40329256
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Jul 24 at 4:13PM
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.
This classic all-brick, seven-unit apartment building is located close to downtown Saint Paul, the Mall of America, and the Minneapolis/St. Paul International Airport. Constructed in 1966, the property has been well-managed and maintained. Residents have access to an off-street parking lot and the option to rent one of the four garages. On-site amenities include coin laundry and extra storage lockers. All units are currently rented, with each tenant responsible for their electric bill. The owner covers the costs of heat, water, and trash. The four upper apartments feature oak hardwood flooring and wall air conditioning units. The units offer spacious rooms, and one of the lower-level units is a two-bedroom, two-bathroom apartment. The property has a Net Operating Income of $51,324 and a cap rate of 7.3+.
Key Highlights
- Strong Investment Opportunity: $51,324 Net Operating Income and a 7.3+% Cap Rate.
- Potential for Increased Income: Opportunity to raise rents on lease renewals.
- Prime Location: Close to Downtown Saint Paul, Mall of America, and Minneapolis/St. Paul International Airport.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
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 - Well-maintained 7-unit apartment building near downtown Saint Paul.
Where is this apartment building located?
The property is located at 1145 7th St W Saint Paul, MN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Strong Investment Opportunity: $51,324 Net Operating Income and a 7.3+% Cap Rate.; Potential for Increased Income: Opportunity to raise rents on lease renewals.; Prime Location: Close to Downtown Saint Paul, Mall of America, and Minneapolis/St. Paul International Airport.
