Two-to-Seven Unit Apartment
For Sale
Contact for pricing
330 Magnolia Avenue East, Saint Paul, MN 55130
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$147.90
Days on Market133
Property Features for 330 Magnolia Avenue East
General Information
Standard status
Active
Size
9,472 SF
Class
C
Total Parking Spaces
12
Property subtype
Retail
Zoning
Residential-Multi-Family
Occupancy
70%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$34,192
Additional Details
Multifamily Units
14
Building Details
Year Built
1962
Year Renovated
2021
Tenancy
Single
Listing Agency:
ScaleUp CRE
Listed By:
Steven Thao · License #MN 40154782
(651) 558-7308
Source:
Crexi
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 12 at 7:59PM
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 ScaleUp CRE
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
Estimated NOI and Cap Rate
NOI / Yr
$127,112
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,542,240
$2.5M
Cap Rate 7%
$1,815,886
$1.8M
Cap Rate 9%
$1,412,356
$1.4M
Market Conditions
NOI Build-Up for 9,472 SF
Gross rent
$246.7K $26.04/SF
− Vacancy
−$15.5K −$1.64/SF
EGI
$231.1K $24.40/SF
− OpEx
−$104.0K −$10.98/SF
NOI
$127.1K $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%
$2,542,240
Cap Rate 7%
$1,815,886
Cap Rate 9%
$1,412,356
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,112 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,188 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 $1,400,900.
What are key features of this property?
This property features: 14‑unit multifamily apartment property; Built in 1962
