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Renovated Multifamily Corner Apartments
For Sale
$1,550,000

1702 Laurel Ave, Saint Paul, MN 55104

13-unit apartment building in fantastic condition with bright laundry facilities and each unit featuring a large storage locker.

Property SizeContact for details
Days on Market49

Property Features for 1702 Laurel Ave

General Information

Standard status Active

Additional Details

Multifamily Units 13

Amenities

laundry room
storage lockers
off-street parking

Building Details

Tenancy Multi
Listing Agency: First Select
Listed By: Christopher D Johnson
Source: Exprealty
Added: Jun 25 Changed: Jul 28 Last Checked: Aug 11 at 10:17AM

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 First Select

Investment Insights

Based on property information with market context.

This is a 13-unit apartment building presented in fantastic condition. The property includes renovated corner apartments with refinished wood floors, updated bathroom tile, kitchen tile backsplash, new appliances, new countertops, new window shades, and three new ceiling fans. Each unit also includes three great closets and a large storage locker measuring 10 feet by 10 feet. The laundry room is exceptionally bright, with new floors, new bright lighting, glass block windows for security and privacy, and new laundry equipment.

The building is located about 3 blocks west of Snelling on Laurel, offering a short walk to Starbucks, restaurants, bars, other shops, and Whole Foods. Off-street parking is available and open to any tenant.

The property is described as being almost 100% occupied for 10 years, supporting its stability as a residential income asset.

Key Highlights

  • 13‑unit apartment building in fantastic condition with almost 100% occupancy for 10 years
  • Renovated corner apartments with refinished wood floors, new tile bathroom floors, and updated kitchen tile backsplash and countertops
  • New appliances, new window shades, and three new ceiling fans in the building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Florist Storage Facility Plumbing Service

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

13
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,188
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 - 13-unit apartment building in fantastic condition with bright laundry facilities and each unit featuring a large storage locker.
Where is this apartment building located?
The property is located at 1702 Laurel Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 13‑unit apartment building in fantastic condition with almost 100% occupancy for 10 years; Renovated corner apartments with refinished wood floors, new tile bathroom floors, and updated kitchen tile backsplash and countertops; New appliances, new window shades, and three new ceiling fans in the building
More about this property
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