17-Unit Apartment
For Sale
$1,365,786
Pending
1952 Maryland Avenue E, Saint Paul, MN 55119
Commercial Sale, Saint Paul, MN
Property Size4,944 SF
Lot Size0.48 Acres
Days on Market201
Property Features for 1952 Maryland Avenue E
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Parking features
Parking Lot, Garage - Detached
Subdivision
Kaufholds Add
High school district
St. Paul
Directions
Take White Bear Avenue and then right on Maryland Ave E
Standard status
Pending
APN
262922210021
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
25083
Utilities
Heating system
Oil
Amenities
off-street parking
pet-friendly policies
shared laundry facilities
Building Details
Year built
1954
Building materials
Brick
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-5252
Listed By:
James Faillettaz · License #40879022
(612) 323-9332
Added: Mar 24
Changed: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 7042838
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 two-story, 17-unit apartment property in Saint Paul was built in 1954 and has brick construction. Its unit mix includes one- and two-bedroom layouts, with shared laundry serving residents. Heating is oil-fired.
The 0.4791-acre site includes a parking lot and a detached garage. The property is located at 1952 Maryland Avenue E.
The 0.4791-acre site includes a parking lot and a detached garage. The property is located at 1952 Maryland Avenue E.
Key Highlights
- 17 apartment units with one- and two‑bedroom layouts
- 0.4791‑acre parcel
- Two‑story brick building constructed in 1954
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story brick property on a 0.4791-acre parcel with 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 apartment units with one- and two‑bedroom layouts; 0.4791‑acre parcel; Two‑story brick building constructed in 1954
