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13-Unit Apartment Building
For Sale
$1,550,000

1702 Laurel Avenue, Saint Paul, MN 55104

Apartments feature updated interiors, on-site laundry and individual storage lockers.

Property Size15,000 SF
Price / SF$103.33
Days on Market123

Property Features for 1702 Laurel Avenue

General Information

Standard status Active
Size 15,000 SF
Property subtype Commercial
Zoning Residential-Multi-Family

Additional Details

Road Access Yes
Multifamily Units 13

Taxes and HOA fees

Annual Taxes $27,970

Amenities

laundry room
storage locker
off-street parking

Building Details

Building Size 15,000 SF
Year Built 1920
Stories 2
Units 13
Listing Agency: First Select
Listed By: Christopher D Johnson
Source: Driveresultsrealty
Added: Jun 25 Changed: Oct 23 Last Checked: Oct 23 at 5:13PM

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

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Investment Insights

Based on property information with market context.

This 13-unit apartment property, built in 1920, has renovated corner apartments with refinished wood floors, updated bathroom tile and kitchen backsplashes, new appliances and countertops, window shades, and ceiling fans. Each apartment includes a 10-foot-by-10-foot storage locker. The building also has a laundry room with new flooring, bright lighting, glass block windows, and new laundry equipment, along with some off-street parking.

The property is on Laurel Avenue, three blocks west of Snelling, within walking distance of Starbucks, Whole Foods, restaurants, bars, and other shops. Zoning is Residential-Multi-Family. Occupancy has been almost 100% for 10 years.

Key Highlights

  • 13 apartments in a building constructed in 1920
  • Almost 100% occupancy for 10 years
  • Renovated corner apartments with refinished wood floors and updated kitchens and bathrooms

Property Analytics

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Lease Details

13
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,276
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartments feature updated interiors, on-site laundry and individual storage lockers.
Where is this apartment building located?
The property is located at 1702 Laurel Avenue 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 apartments in a building constructed in 1920; Almost 100% occupancy for 10 years; Renovated corner apartments with refinished wood floors and updated kitchens and bathrooms
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