Two-Story Apartment
1952 Maryland Ave E Saint Paul, MN 55119
1952 Maryland Ave E, Saint Paul, MN, 55119
$1,365,786
Pending
For Sale
$1,365,786
Pending
Two-story multifamily property with 17 units, off-street parking, and shared laundry facilities on a nearly half-acre lot.
Property Size4,944 SF
Lot Size0.50 Acres
Days on Market120
Property Features for 1952 Maryland Ave E
General Information
- Standard status
- Pending
- Size
- 4,944 SF
- Lot size
- 0.50 Acres
Listing agency
Keller Williams Premier Realty
(612) 323-9332
Listed by
James Faillettaz · License #40879022
(612) 323-9332
Source
Exprealty
Added: Mar 25 Updated: Jul 21 at 8:37PM Checked: Jul 22 at 11:24AM
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 Keller Williams Premier Realty
Investment Insights
Based on property information with market context.
1952 Maryland Avenue East is a two-story multifamily community comprising 17 units. Built in the mid-1950s, the property offers a mix of one- and two-bedroom layouts. The community includes off-street parking and shared laundry facilities, and the building operates with a pet-friendly policy. The current unit mix includes upgraded units already achieving competitive rents, with additional opportunities for modernization and operational efficiencies.
The property is situated on a nearly half-acre lot and is presented for sale.
At roughly 4,944 square feet, the building provides a straightforward, repeatable residential income configuration with consistent demand referenced in the offering materials.
The property is situated on a nearly half-acre lot and is presented for sale.
At roughly 4,944 square feet, the building provides a straightforward, repeatable residential income configuration with consistent demand referenced in the offering materials.
Key Highlights
- Two‑story multifamily community with 17 units on a nearly half‑acre lot
- Approx. 4,944 SF building built in the mid‑1950s
- Unit mix includes one- and two‑bedroom layouts
Local 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 | $128.7k | $26.04 |
| − Vacancy | −$8.1k | −$1.64 |
| EGI | $120.6k | $24.40 |
| − OpEx | −$54.3k | −$10.98 |
| NOI | $66.3k | $13.42 |
4,944 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$947.8K
$829.3K – $1.11M
NOI $66,347 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.22M
$1.06M – $1.42M
NOI $85,165 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-story multifamily property with 17 units, off-street parking, and shared laundry facilities on a nearly half-acre lot.
Where is this apartment building located?
The property is located at 1952 Maryland Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,365,786.
What are key features of this property?
This property features: Two‑story multifamily community with 17 units on a nearly half‑acre lot; Approx. 4,944 SF building built in the mid‑1950s; Unit mix includes one- and two‑bedroom layouts
