9-Unit Multifamily
1619 Hubbard Avenue Saint Paul, MN 55104
For Sale
$1,099,000
Well-maintained 9-unit apartment building with remodeled kitchens and baths, updated electrical, and newer windows and roofs.
Property Size6,938 SF
Price / SF$158.40
Days on Market287
Property Features for 1619 Hubbard Avenue
General Information
- Standard status
- Active
- Size
- 6,938 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Apartment Cash Flow, Inc.
(651) 263-3653
Listed By:
Nathan P. Opatz · License ##40329256
(651) 263-3653
Source:
Juverealestate
Added: Oct 11, 2025
Changed: Jul 20
Last Checked: Jul 23 at 6:51AM
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 Apartment Cash Flow, Inc.
Investment Insights
Based on property information with market context.
1619 Hubbard Avenue is a 9-unit apartment building with updated major systems and unit-level improvements. The property features remodeled kitchens and bathrooms with newer tile, cabinets, plumbing and lighting fixtures, along with fresh paint in the units. Interior finishes described in the offering include quartz countertops, stainless steel appliances, refinished hardwood flooring, original French doors, and luxury vinyl plank in select units. Heating is supported by a newer hot water boiler serving all apartments, and electrical panels and breakers have been updated. The exterior includes maintenance-free siding and replaced windows, and the pitched roofs on the main building and detached garage are described as newer. A potential exists to add another unit in the lower level, for a possible 10-unit configuration.
The building sits on 0.34 acres and includes a detached five-car garage and a back parking lot for tenants, providing off-street parking. The property is described as being steps from Hamline University and about five blocks south of the Minnesota State Fairgrounds.
Additional on-site parking and a detached garage support tenant convenience, while the unit improvements and updated building systems are positioned to support ongoing rental operations.
The building sits on 0.34 acres and includes a detached five-car garage and a back parking lot for tenants, providing off-street parking. The property is described as being steps from Hamline University and about five blocks south of the Minnesota State Fairgrounds.
Additional on-site parking and a detached garage support tenant convenience, while the unit improvements and updated building systems are positioned to support ongoing rental operations.
Key Highlights
- 9‑unit apartment building built in 1900, currently 100% occupied
- Remodeled kitchens and bathrooms with newer tile, cabinets, plumbing and lighting fixtures, plus fresh paint
- New hot water boiler provides heat to all apartments; all electrical panels and breakers updated
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.7k | $26.04 |
| − Vacancy | −$11.4k | −$1.64 |
| EGI | $169.3k | $24.40 |
| − OpEx | −$76.2k | −$10.98 |
| NOI | $93.1k | $13.42 |
6,938 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,106 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.71M
$1.49M – $1.99M
NOI $119,514 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 9-unit apartment building with remodeled kitchens and baths, updated electrical, and newer windows and roofs.
Where is this apartment building located?
The property is located at 1619 Hubbard Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 9‑unit apartment building built in 1900, currently 100% occupied; Remodeled kitchens and bathrooms with newer tile, cabinets, plumbing and lighting fixtures, plus fresh paint; New hot water boiler provides heat to all apartments; all electrical panels and breakers updated
