Twelve-Unit Multifamily with
For Sale
$975,000
1530 Sherburne Ave, Saint Paul, MN 55104
Fully occupied 12-unit building offers private courtyard views and rear patios for each 1BR/1BA unit.
Property SizeContact for details
Days on Market93
Property Features for 1530 Sherburne Ave
General Information
Standard status
Active
Occupancy
100%
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$4,335
Building Details
Tenancy
Multi
Listing Agency:
MRG Realty Partners, LLC
(651) 428-7814
Listed By:
Luke Hermanson · License #40934929
(651) 428-7814
Source:
Exprealty
Added: May 27
Changed: Aug 25
Last Checked: Aug 26 at 12:19PM
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, LLC
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 Luke@MRGRealtyPartners.com.
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 Luke@MRGRealtyPartners.com.
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
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $975,000.
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
