Two-to-Seven Unit Apartment
330 Magnolia Avenue East Saint Paul, MN 55130
For Sale
Contact for pricing
For-sale 14-unit multifamily property at 330 Magnolia Avenue East for investors seeking a small-balance apartment asset.
Property Size9,472 SF
Price / SF$163.74
Days on Market52
Property Features for 330 Magnolia Avenue East
General Information
- Standard status
- Active
- Size
- 9,472 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing Agency:
Creative Results
Listed By:
Steven Thao · License #40945880
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 1:33PM
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 Creative Results
Investment Insights
Based on property information with market context.
This property is a for-sale multifamily apartment building configured as a mix of two- to seven-unit apartment buildings, totaling 14 units overall. It is offered as a residential income property designed to house multiple tenants within one consolidated ownership structure.
The building is located at 330 Magnolia Avenue East in St Paul, Minnesota (55130). The listing represents a single 14-unit asset rather than separate scattered parcels, which can simplify ownership and operations for qualified buyers.
With 14 units in place, this offering may appeal to investors and operators looking for a medium-sized residential income property. As with any multifamily purchase, underwriting should account for the building’s unit mix, existing operating history, and ongoing maintenance and capital planning. Interested buyers should review the property details, tenancy information, and any available financials during their due diligence to confirm performance drivers and align with their investment criteria.
The building is located at 330 Magnolia Avenue East in St Paul, Minnesota (55130). The listing represents a single 14-unit asset rather than separate scattered parcels, which can simplify ownership and operations for qualified buyers.
With 14 units in place, this offering may appeal to investors and operators looking for a medium-sized residential income property. As with any multifamily purchase, underwriting should account for the building’s unit mix, existing operating history, and ongoing maintenance and capital planning. Interested buyers should review the property details, tenancy information, and any available financials during their due diligence to confirm performance drivers and align with their investment criteria.
Key Highlights
- 14‑unit multifamily apartment property
- Built in 1962
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 | $246.7k | $26.04 |
| − Vacancy | −$15.5k | −$1.64 |
| EGI | $231.1k | $24.40 |
| − OpEx | −$104.0k | −$10.98 |
| NOI | $127.1k | $13.42 |
9,472 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,112 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $163,165 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - For-sale 14-unit multifamily property at 330 Magnolia Avenue East for investors seeking a small-balance apartment asset.
Where is this apartment building located?
The property is located at 330 Magnolia Avenue East Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,550,900.
What are key features of this property?
This property features: 14‑unit multifamily apartment property; Built in 1962
