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Occupied 8-Unit Apartment Building
For Sale
$720,000

1562 Edmund Ave, Saint Paul, MN 55104

Fully occupied community with basement laundry and separately metered electric and gas service.

Property SizeContact for details
Days on Market15

Property Features for 1562 Edmund Ave

General Information

Standard status Active
Occupancy 100%

Additional Details

Asking Price $720,000
Multifamily Units 8

Amenities

on-site laundry

Building Details

Year Built 1913
Listing Agency: Financially Free, LLC
Listed By: Alexandra Haider
Source: Homesearchlive
Added: Aug 20 Changed: Aug 31 Last Checked: Sep 1 at 9:51PM

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 Financially Free, LLC

Investment Insights

Based on property information with market context.

This 8-unit apartment building in Saint Paul’s Hamline-Midway neighborhood was built in 1913 and is fully occupied. The property includes practical apartment layouts along with basement laundry equipped with coin-operated machines, supporting straightforward day-to-day operations.

Each apartment has separate electric and gas meters, creating a clearly defined utility structure for the building. The property is zoned Residential-Multi-Family and is located at 1562 Edmund Avenue in Saint Paul, Minnesota.

Key Highlights

  • 8‑unit apartment building built in 1913
  • Fully occupied at 1562 Edmund Avenue, Saint Paul, MN 55104
  • Located in Saint Paul’s Hamline‑Midway neighborhood

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Store Bakery Pet Store & Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,831
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied community with basement laundry and separately metered electric and gas service.
Where is this apartment building located?
The property is located at 1562 Edmund Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1913; Fully occupied at 1562 Edmund Avenue, Saint Paul, MN 55104; Located in Saint Paul’s Hamline‑Midway neighborhood
More about this property
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