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

1702 Laurel Avenue, Saint Paul, MN 55104

Commercial Sale, Saint Paul, MN

Property SizeContact for details
Lot Size0.19 Acres
Days on Market108

Property Features for 1702 Laurel Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Basement, Bedroom 1
Parking features Covered
Appliances Dishwasher, Range, Refrigerator
Subdivision Schroeders Add To, The Circle
Lot features Corner Lot
High school district St. Paul
Directions Summit Ave to Aldine St North to Laurel
Standard status Active
APN 042823130001
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 27970

Utilities

Heating system Oil

Amenities

laundry room
storage lockers
off-street parking

Building Details

Year built 1920
Building materials Brick, Frame
Listing Agency: First Select · Keller Williams Realty
Listed By: Christopher D Johnson
Added: Jun 25 Changed: Oct 8 Last Checked: Oct 10 at 2:06PM
MLS# 7099030

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 13-unit apartment property includes renovated corner residences with refinished wood floors, updated bathroom tile, kitchen backsplashes, appliances, countertops, window shades, and ceiling fans. Each apartment has a 10-by-10-foot storage locker. Shared laundry facilities feature newer equipment, flooring, bright lighting, and glass block windows. The building dates to 1920 and is constructed of brick and frame materials.

The property sits three blocks west of Snelling Avenue on Laurel Avenue. Starbucks, Whole Foods, restaurants, bars, and shops are within walking distance. Off-street parking is available to tenants, and covered parking is listed among the property features.

Occupancy has remained almost 100% for 10 years. The site encompasses 0.186 acres.

Key Highlights

  • 13 apartment units with almost 100% occupancy for 10 years
  • Each apartment includes a 10‑foot‑by‑10‑foot storage locker
  • Renovated corner apartments feature refinished wood floors and updated kitchens and bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

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

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

1,276
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Updated apartment interiors, shared laundry facilities, and individual storage lockers serve the residents.
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 apartment units with almost 100% occupancy for 10 years; Each apartment includes a 10‑foot‑by‑10‑foot storage locker; Renovated corner apartments feature refinished wood floors and updated kitchens and bathrooms
More about this property
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