17-Unit Multifamily
For Sale
$1,365,786
Pending
1952 Maryland Avenue E, Saint Paul, MN 55119
Two-story apartments offer one- and two-bedroom layouts, shared laundry, and off-street parking.
Property Size4,944 SF
Days on Market10
Property Features for 1952 Maryland Avenue E
General Information
Standard status
Pending
Size
4,944 SF
Zoning
Business/Commercial
Additional Details
Multifamily Units
17
Taxes and HOA fees
Annual Taxes
$25,083
Amenities
off-street parking
pet-friendly policies
shared laundry facilities
Natural Gas
No
1200
Building
City Water/Connected
20868
3296
Detached Garage,Parking Lot
City Street
Public Maintained Road
Building Details
Year Built
1954
Stories
2
Listing Agency:
(612) 656-1200
Listed By:
Shane Rink
Source:
Imetroproperty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:01PM
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 Shane Rink
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 17 units across approximately 4,944 square feet, with a mix of one- and two-bedroom floor plans. Built in 1954, the building sits on a nearly half-acre lot and has shared laundry facilities and off-street parking. The property also includes a detached garage and city water connection.
Zoning is Business/Commercial. The address is 1952 Maryland Avenue E in Saint Paul, Minnesota.
Zoning is Business/Commercial. The address is 1952 Maryland Avenue E in Saint Paul, Minnesota.
Key Highlights
- 17 units in a two‑story apartment building
- Approximately 4,944 square feet on a nearly half‑acre lot
- One- and two‑bedroom unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,347
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,940
$1.3M
Cap Rate 7%
$947,814
$947.8K
Cap Rate 9%
$737,189
$737.2K
Market Conditions
NOI Build-Up for 4,944 SF
Gross rent
$128.7K $26.04/SF
− Vacancy
−$8.1K −$1.64/SF
EGI
$120.6K $24.40/SF
− OpEx
−$54.3K −$10.98/SF
NOI
$66.3K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,326,940
Cap Rate 7%
$947,814
Cap Rate 9%
$737,189
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
Office A
$1.18M
$1.03M – $1.38M
NOI $82,567 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 55119, MN
43,010
Population
16,806
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
3,258
Density / Sq Mi
$77,870
Median Household Income
$42,860
Median Earnings
$1,351
Median Rent
$262,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story apartments offer one- and two-bedroom layouts, shared laundry, and off-street parking.
Where is this apartment building located?
The property is located at 1952 Maryland Avenue 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: 17 units in a two‑story apartment building; Approximately 4,944 square feet on a nearly half‑acre lot; One- and two‑bedroom unit mix
