Twelve-Unit Multifamily with
1530 Sherburne Avenue Saint Paul, MN 55104
For Sale
Contact for pricing
Fully occupied 12-unit building offers private courtyard views and rear patios for each 1BR/1BA unit.
Property Size12,096 SF
Price / SF$86.81
Days on Market59
Property Features for 1530 Sherburne Avenue
General Information
- Standard status
- Active
- Size
- 12,096 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1911
Listing Agency:
MRG Realty Partners
Listed By:
Nate Schammel · License #40691605
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 23 at 2:20PM
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 MRG Realty Partners
Investment Insights
Based on property information with market context.
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].
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].
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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 Saint 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
