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Restored 134-Unit Apartment Building
For Sale
Contact for pricing
Pending

345 Wabasha St N, Saint Paul, MN 55102

Historic multifamily property with retail space, updated residences, and resident-focused amenities in downtown Saint Paul.

Property SizeContact for details
Days on Market141

Property Features for 345 Wabasha St N

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Minneapolis
Listed By: Michael Jacobs · License #MN: 40760249 CA: 01979550
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 10:52PM

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 Marcus & Millichap - Minneapolis

Investment Insights

Based on property information with market context.

Lowry Apartments is an 11-story multifamily property containing 134 residential units and 2 retail spaces. Originally constructed in 1928, the building has been completely restored, with a renovated lobby and apartments that pair historic character with contemporary design. Resident amenities include lounge areas, fitness facilities, new appliances, and keyless entry systems.

Located at 345 Wabasha St N in downtown Saint Paul, the property places residents near parks, theaters, and local restaurants. The surrounding employment base includes more than 21,000 government jobs and 15,000 hospital employees. The property also includes retail space within the broader residential configuration, supporting a mixed-use downtown presence.

Key Highlights

  • 134 residential units plus 2 retail spaces
  • 11‑story building originally constructed in 1928
  • Complete restoration with renovated lobby and apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Electrical Service Furniture & Home Goods Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,647
Businesses Nearby

Demographics for 55102, MN

20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
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 - Historic multifamily property with retail space, updated residences, and resident-focused amenities in downtown Saint Paul.
Where is this apartment building located?
The property is located at 345 Wabasha St N Saint Paul, MN.
What are key features of this property?
This property features: 134 residential units plus 2 retail spaces; 11‑story building originally constructed in 1928; Complete restoration with renovated lobby and apartments
More about this property
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