Mixed-Use Portfolio with Four
For Sale
Contact for pricing
1151 7th Street West, Saint Paul, MN 55102
Portfolio combines commercial, residential, and land components under B2 zoning.
Property Size13,761 SF
Price / SF$150.79
Days on Market100
Property Features for 1151 7th Street West
General Information
Standard status
Active
Size
13,761 SF
Property subtype
Retail, Mixed Use, Multifamily
Zoning
B2
Lease Type
Modified Gross
Investment Type
Value Add
Additional Details
Asking Price
$2,075,000
Road Access
Yes
Building Details
Year Built
1884
Buildings
4
Units
13
Tenancy
Multi
Listed By:
Rob Devereux · License #40979232
Source:
Crexi
Added: Jul 7
Changed: Oct 2
Last Checked: Oct 12 at 7:23PM
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 Rob Devereux
Investment Insights
Based on property information with market context.
This mixed-use portfolio brings together four separate parcels along West 7th Street in St. Paul. The assemblage includes two commercial buildings containing retail and residential units, a brick triplex that is fully leased, and a vacant lot identified as buildable. The listed year built is 1884, and the portfolio carries B2 zoning.
All parcels have direct West 7th Street frontage within an established, walkable retail corridor. The offering combines operating commercial and residential improvements with an additional land component, providing a varied property configuration in one assembled package.
All parcels have direct West 7th Street frontage within an established, walkable retail corridor. The offering combines operating commercial and residential improvements with an additional land component, providing a varied property configuration in one assembled package.
Key Highlights
- Four‑parcel portfolio on West 7th Street
- Two mixed‑use buildings with retail and residential units
- Fully leased brick triplex included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,669
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,693,380
$3.7M
Cap Rate 7%
$2,638,129
$2.6M
Cap Rate 9%
$2,051,878
$2.1M
Market Conditions
NOI Build-Up for 13,761 SF
Gross rent
$358.3K $26.04/SF
− Vacancy
−$22.6K −$1.64/SF
EGI
$335.8K $24.40/SF
− OpEx
−$151.1K −$10.98/SF
NOI
$184.7K $13.42/SF
Area
Ramsey 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%
$3,693,380
Cap Rate 7%
$2,638,129
Cap Rate 9%
$2,051,878
Alternative Uses
Best Use
Multifamily LT 5
$2.87M
$2.51M – $3.35M
NOI $201,058 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,669 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,816 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
541
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?
Mixed-use property - Portfolio combines commercial, residential, and land components under B2 zoning.
Where is this mixed-use property located?
The property is located at 1151 7th Street West Saint Paul, MN.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: Four‑parcel portfolio on West 7th Street; Two mixed‑use buildings with retail and residential units; Fully leased brick triplex included
