1530 Sherburne Avenue, St Paul, MN 55104

Building Details

Year Built

1911

Listing agent Nate Schammel License #40691605

Listing office MRG Realty Partners

Listing date May 27, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners

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Overview

This fully occupied 12-unit multifamily property features twelve 1BR/1BA apartments, each with a rear patio overlooking a private tenant courtyard. The building includes two coin-operated laundry sets on site for resident convenience. Recent work includes a complete basement cleanout, drywall repairs, and fresh paint in common area stairwells, along with unit updates throughout, including the completion of five heavy unit turns in 2025.

The property is located in St. Paul’s Midway neighborhood, just blocks from Allianz Field and the Green Line light rail.

As of 2026, the building participates in the St. Paul 4d Affordable Housing Incentive Program, which is reflected in the pro-forma and centered on a reduction in property taxes from $21,784 in 2025 to roughly $5,388 in 2026. With the units refreshed and the program in place, this is a straightforward multifamily option for buyers seeking a stabilized, residential income asset with documented recent improvements. For the full financial package and to schedule a tour, contact Luke Hermanson at 651-428-7814 or [email protected].

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

St Paul

County

Dakota

State

Minnesota

Longitude

-93.164999

Latitude

44.9564802

FAQs

What type of property is this?

Apartment building - Fully occupied 12-unit building offers private courtyard views and rear patios for each 1BR/1BA unit.

Where is this apartment building located?

The property is located at 1530 Sherburne Avenue St Paul, MN.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Fully occupied 12‑unit multifamily in St. Paul’s Midway neighborhood (12 x 1BR/1BA); Each unit includes a rear patio overlooking a private tenant courtyard; Two coin‑operated laundry sets on site