8-Unit Apartment
New
For Sale
$795,000
524 Dayton Ave, Saint Paul, MN 55102
Fully occupied residences combine updated flooring and electrical panels with a studio and one-bedroom unit mix.
Property Size5,740 SF
Lot Size0.13 Acres
Days on Market3
Property Features for 524 Dayton Ave
General Information
Standard status
Active
Size
5,740 SF
Lot size
0.13 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
6.43%
Average Monthly Rent
$1,088
Units
Unit Mix
2 x studio, 6 x 1BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
Location: Located in the Centrally Located and Highly Desirable Cathedral Hill Neighborhood of Saint Paul Surrounded by Mostly Single-Family Homes
Updated Interiors: All Residences Include Updated Flooring, Granite Countertops, and Dishwashers. Select Units have Tile Backsplashes
Attractive Unit Mix Consisting of Two Studios and Six One-Bedroom Apartments with an Average Unit Size of Approximately 550 Square Feet
Stable Occupancy: The Property is Currently Fully Occupied and has Historically Performed Well. The Current Average Rent is $1,088 per Month, Providing Investors with a Strong In-Place Income Profile
Building Details
Building Size
5,740 SF
Year Built
1911
Units
8
Listed By:
Mike Jacobs · License #License(s): MN: 40760249, CA: 01979550
(952) 852-9718
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 5:37AM
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 Mike Jacobs
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Investment Insights
Based on property information with market context.
Built in 1911, this Saint Paul apartment property contains eight residences: two studios and six one-bedroom units. All units have updated flooring and dishwashers; six feature granite countertops, and four have tile backsplashes. The building’s electrical panels have also been updated. The property sits on a 0.13-acre site at 524 Dayton Avenue in the Cathedral Hill neighborhood.
The Martin Luther King Recreation Center is a few blocks away and includes a baseball diamond, tennis courts, and an indoor gym. Neighborhood dining, retail, public transportation, and employment centers throughout Saint Paul are also accessible from the property.
The Martin Luther King Recreation Center is a few blocks away and includes a baseball diamond, tennis courts, and an indoor gym. Neighborhood dining, retail, public transportation, and employment centers throughout Saint Paul are also accessible from the property.
Key Highlights
- Eight occupied apartments: two studios and six one‑bedroom units
- Built in 1911 on a 0.13‑acre site
- Updated flooring and dishwashers in all eight residences
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residences combine updated flooring and electrical panels with a studio and one-bedroom unit mix.
Where is this apartment building located?
The property is located at 524 Dayton Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Eight occupied apartments: two studios and six one‑bedroom units; Built in 1911 on a 0.13‑acre site; Updated flooring and dishwashers in all eight residences
