48-Unit Apartment
For Sale
Contact for pricing
Pending
1252 Hazelwood Street, Saint Paul, MN 55106
Well-maintained 48-unit, two-building apartment community with on-site management, leased laundry, and resident air conditioning.
Property Size45,200 SF
Days on Market78
Property Features for 1252 Hazelwood Street
General Information
Standard status
Pending
Size
45,200 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
48
Building Details
Year Built
1969
Buildings
2
Units
48
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Michael Jacobs · License #MN: 40760249 CA: 01979550
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Jul 25 at 7:11AM
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.
Phalen Manor Apartments is a 48-unit multifamily property built in 1969 and made up of two neighboring buildings with 24 one-bedroom units and 24 two-bedroom units. Average unit size is approximately 900 square feet. The property is market rate, with two units currently supported by public housing. Resident amenities include air conditioning, with two A/C units in each two-bedroom residence, as well as one storage locker per unit. On-site leased laundry is provided through CSC, and the community allows pets, including dogs and cats for a monthly fee. An on-site manager supports day-to-day operations.
The buildings are located in the Prosperity Heights neighborhood. The property sits next to Prosperity Heights Park, which includes community gardens, walking trails, baseball diamonds, and tennis courts. Lake Phalen is less than one mile away.
This apartment community offers a balanced mix of one- and two-bedroom layouts, along with practical on-site services that can support resident convenience. With a long ownership history of more than 45 years and documented capital improvements—including a new roof on the 1252 building in 2025, roof replacement on the 1260 building around 2006, water heaters installed in 2023, windows installed around 2000, and updated common area carpet completed approximately four years ago—the property presents as a well-cared-for option for qualified buyers or long-term operators.
The buildings are located in the Prosperity Heights neighborhood. The property sits next to Prosperity Heights Park, which includes community gardens, walking trails, baseball diamonds, and tennis courts. Lake Phalen is less than one mile away.
This apartment community offers a balanced mix of one- and two-bedroom layouts, along with practical on-site services that can support resident convenience. With a long ownership history of more than 45 years and documented capital improvements—including a new roof on the 1252 building in 2025, roof replacement on the 1260 building around 2006, water heaters installed in 2023, windows installed around 2000, and updated common area carpet completed approximately four years ago—the property presents as a well-cared-for option for qualified buyers or long-term operators.
Key Highlights
- 48‑unit multifamily property in two neighboring buildings (24 one‑bedroom and 24 two‑bedroom units), built in 1969.
- Average unit size is approximately 900 SF, with average rents of $1,088 per month (market rate; two units supported by public housing).
- Resident amenities include air conditioning (two A/C units in each two‑bedroom residence) and one storage locker per unit.
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
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 48-unit, two-building apartment community with on-site management, leased laundry, and resident air conditioning.
Where is this apartment building located?
The property is located at 1252 Hazelwood Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 48‑unit multifamily property in two neighboring buildings (24 one‑bedroom and 24 two‑bedroom units), built in 1969.; Average unit size is approximately 900 SF, with average rents of $1,088 per month (market rate; two units supported by public housing).; Resident amenities include air conditioning (two A/C units in each two‑bedroom residence) and one storage locker per unit.
