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Six-Unit Apartment Building
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247 2nd Ave S, South St Paul, MN 55075

Apartment property with five two-bedroom residences and a studio unit.

Property SizeContact for details
Days on Market144

Property Features for 247 2nd Ave S

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 5 x 2BR, 1 x studio
Multifamily Units 6

Amenities

laundry

Building Details

Year Renovated 2021
Listing Agency: Maxwell Blue Real Estate
Listed By: Tamara Kappauf · License #MN 20517427
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 9:32PM

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 Maxwell Blue Real Estate

Investment Insights

Based on property information with market context.

This six-unit apartment building includes five two-bedroom units and one studio. Two apartments were newly constructed in 2021, adding recent improvements to the unit mix. A roof replacement was completed in 2011, followed by a new water heater in 2021 and a repaved parking lot in 2022.

The property is located at 247 2nd Ave S in South St. Paul, within a tree-lined residential setting near schools, a library, bus service, major freeways, and major employers. Ownership currently covers heat, sewer, water, garbage, snow and lawn care, maintenance, insurance, property taxes, house electric, and utilities for the studio. Residents pay electricity, phone, cable, and internet. South St. Paul is not subject to rent control.

Key Highlights

  • Six total units with five two‑bedroom apartments and one studio
  • Two apartments constructed in 2021
  • New parking lot completed in 2022

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Dental Office Skin Care Clinic Gym & Fitness Center

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

6
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby

Demographics for 55075, MN

20,749
Population
8,460
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
3,705
Density / Sq Mi
$84,573
Median Household Income
$48,724
Median Earnings
$1,128
Median Rent
$267,000
Median Home Value

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 - Apartment property with five two-bedroom residences and a studio unit.
Where is this apartment building located?
The property is located at 247 2nd Ave S South St Paul, MN.
What are key features of this property?
This property features: Six total units with five two‑bedroom apartments and one studio; Two apartments constructed in 2021; New parking lot completed in 2022
More about this property
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