1847 Laurel Ave Saint Paul, MN 55104
17-unit apartment building near University of Saint Thomas.
Type:Multifamily
Lot size:
0.21 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 20
- 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
Listing agent Michael Jacobs License #MN: 40760249, CA: 01979550 (952) 852-9718
Listing office Minneapolis Office (952) 852-9718
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Saint Paul Multifamily Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.178315
- Latitude
- 44.9453115
Nearby Similar for Sale
FAQs
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.
