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Five-Unit Multifamily Building

389 Maple Street, Saint Paul, MN 55106

For Sale
$400,000

Fully occupied, the property offers a mix of studio and one-bedroom residences.

Property Size3,354 SF
Price / SF$119.26
Days on Market167

Property Features for 389 Maple Street

General Information

Standard status Active
Size 3,354 SF
Property subtype Commercial
Zoning Residential-Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 5
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,085

Building Details

Building Size 3,354 SF
Year Built 1904
Stories 2
Units 5
Listing Agency: MRG Realty Partners, LLC
Listed By: Luke Hermanson · License #40934929
Source: Homecrownrealty
Added: May 27 Changed: Nov 7 Last Checked: Nov 8 at 4:58PM

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 MRG Realty Partners, LLC

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Investment Insights

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Built in 1904, this 3,354-square-foot multifamily property contains five occupied residences, with studio and one-bedroom layouts. Recent work includes roof replacement with new decking in April 2026, new carpet in Unit B, a basement cleanout, and landscaping cleanup. The property is enrolled in St. Paul’s 4d Affordable Housing Incentive Program, which provides a property tax reduction of up to 80%.

Located at 389 Maple Street in St. Paul, the property is zoned Residential-Multi-Family.

Key Highlights

  • Five occupied units with a mix of studios and one‑bedroom residences
  • 3,354 SF multifamily property built in 1904
  • New roof decking installed in April 2026

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

741
Businesses Nearby

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
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Market

Average Price Trend$/SF for Apartment buildings in Saint Paul, MN

$149 Jul
$152 Aug
$137 Sep
$146 Oct

Properties on Market for Apartment buildings in Saint Paul

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied, the property offers a mix of studio and one-bedroom residences.
Where is this apartment building located?
The property is located at 389 Maple Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five occupied units with a mix of studios and one‑bedroom residences; 3,354 SF multifamily property built in 1904; New roof decking installed in April 2026
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