Historic 5-Unit Multifamily
For Sale
$645,000
352 Bates Avenue, Saint Paul, MN 55106
Historic mansion converted into a 5-unit multifamily property with a carriage house, shared green space, and off-street parking.
Property Size4,990 SF
Price / SF$129.26
Days on Market87
Property Features for 352 Bates Avenue
General Information
Standard status
Active
Size
4,990 SF
Property subtype
Commercial
Zoning
Residential-Multi-Family
Taxes and HOA fees
Annual Taxes
$11,158
Building Details
Building Size
4,990 SF
Year Built
1904
Stories
2
Units
5
Listing Agency:
Gold Group Realty, LLC
(651) 207-9956
Listed By:
Luke Nilles
(651) 207-9956
Source:
Juverealestate
Added: May 16
Changed: Aug 8
Last Checked: Aug 10 at 10:58AM
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 Gold Group Realty, LLC
Investment Insights
Based on property information with market context.
This historic St. Paul mansion has been converted into a 5-unit multifamily property and includes a charming historic carriage house. The units are described as having spacious layouts with large living areas, along with private storage spaces for each tenant. The property also offers shared green space, off-street parking for all tenants, and on-site coin-operated laundry.
While no specific street-front details are provided, the property is noted as being located in a highly walkable neighborhood on the city’s East Side, with convenient access to nearby coffee shops, Mississippi Market Co-Op, East 7th Street amenities, and the Payne-Arcade commercial district.
Ownership is currently partially owner-paid for utilities, and a RUBS utility reimbursement program is planned to be implemented across the portfolio beginning Q3 2026. Future ownership would have an opportunity to improve utility cost recovery through this reimbursement structure.
While no specific street-front details are provided, the property is noted as being located in a highly walkable neighborhood on the city’s East Side, with convenient access to nearby coffee shops, Mississippi Market Co-Op, East 7th Street amenities, and the Payne-Arcade commercial district.
Ownership is currently partially owner-paid for utilities, and a RUBS utility reimbursement program is planned to be implemented across the portfolio beginning Q3 2026. Future ownership would have an opportunity to improve utility cost recovery through this reimbursement structure.
Key Highlights
- 1904‑built historic mansion converted into a 5‑unit multifamily property with a carriage house
- 5 residential units with spacious layouts and private storage space for each tenant
- Shared green space, off‑street parking for all tenants, and on‑site coin‑operated laundry
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic mansion converted into a 5-unit multifamily property with a carriage house, shared green space, and off-street parking.
Where is this apartment building located?
The property is located at 352 Bates Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1904‑built historic mansion converted into a 5‑unit multifamily property with a carriage house; 5 residential units with spacious layouts and private storage space for each tenant; Shared green space, off‑street parking for all tenants, and on‑site coin‑operated laundry
