Saint Paul Multifamily Investment Opportunity

1847 Laurel Ave, Saint Paul, MN 55104

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For Sale

$1,200,000

17-unit apartment building near University of Saint Thomas.

Type:Multifamily

Lot size:

0.21 Acres

HighLights

Prime location in the highly walkable and amenity‑rich Merriam Park neighborhood of Saint Paul, just five blocks from the University of St. Thomas.
Participation in the City of Saint Paul’s 4D Affordable Housing Incentive Program, offering property tax benefits with the flexibility to renew or allow the designation to expire.
Recent capital improvements including plumbing replacement (PEX), window replacement, insulation upgrades, roof drain replacement, and full exterior stucco replacement.
Consists of 17 units (12 studio, 5 one‑bedroom) providing a dense unit configuration well‑suited to its urban infill location.
Two units have been fully gutted and renovated.
On‑site laundry and gas cooking.

We can help!

Listing Contact

Michael Jacobs

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For Sale

$1,200,000

17-unit apartment building near University of Saint Thomas.

Type:Multifamily

Lot size:

0.21 Acres

Added:: Apr 3, 2026
Days on Market:: 66
Last Refresh:: Apr 3 at 5:41 am

Property Features for 1847 Laurel Ave

General Information

Standard status: Active
Lot size: 0.21 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Michael Jacobs

Listing agent Michael Jacobs License #MN: 40760249, CA: 01979550

Listing office Minneapolis Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Minneapolis Office

HighLights

Prime location in the highly walkable and amenity‑rich Merriam Park neighborhood of Saint Paul, just five blocks from the University of St. Thomas.
Participation in the City of Saint Paul’s 4D Affordable Housing Incentive Program, offering property tax benefits with the flexibility to renew or allow the designation to expire.
Recent capital improvements including plumbing replacement (PEX), window replacement, insulation upgrades, roof drain replacement, and full exterior stucco replacement.
Consists of 17 units (12 studio, 5 one‑bedroom) providing a dense unit configuration well‑suited to its urban infill location.
Two units have been fully gutted and renovated.
On‑site laundry and gas cooking.

Overview

Laurel Avenue Apartments is a multifamily property located in the Merriam Park neighborhood of Saint Paul, Minnesota. Constructed in 1914, the property is comprised of 17 total residences, including 12 studio units and five one-bedroom units. The units average approximately 375 square feet and currently achieve average rents of $731 per month. The property sits on a 0.21-acre site. The property benefits from a highly walkable, amenity-rich location just five blocks from the University of Saint Thomas and within close proximity to some of the Twin Cities’ dining and neighborhood retail options. The asset is enrolled in the City of Saint Paul’s 4D Affordable Housing Incentive Program, with four units designated at 60 percent of Area Median Income. There are approximately three years remaining in the current 4D term. Ownership has completed a number of capital improvements throughout the property, including replacing half of the buildings plumbing with PEX, replacing windows, fully insulating walls and crawl spaces, and replacing both of the main roof drains. In 2016, the exterior stucco was completely removed and replaced using traditional application along with new exterior trim and window sill/trim. Two units have been fully gutted and renovated, and the building is serviced by a dual gas-fired boiler system installed in 2008. Additional features include owned on-site laundry and gas cooking. The property has a pet-free policy.

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City: Saint Paul
County: Dakota
State: Minnesota
Longitude: -93.178315
Latitude: 44.9453115

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For sale
Apartment buildings
MN
Saint Paul
55104
1847 Laurel Ave

What type of property is this?

Apartment building - 17-unit apartment building near University of Saint Thomas.

Where is this apartment building located?

The property is located at 1847 Laurel Ave Saint Paul, MN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Prime location in the highly walkable and amenity‑rich Merriam Park neighborhood of Saint Paul, just five blocks from the University of St. Thomas.; Participation in the City of Saint Paul’s 4D Affordable Housing Incentive Program, offering property tax benefits with the flexibility to renew or allow the designation to expire.; Recent capital improvements including plumbing replacement (PEX), window replacement, insulation upgrades, roof drain replacement, and full exterior stucco replacement.