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Updated Multifamily Apartment Building
For Sale
$699,900

609 Portland Avenue, Saint Paul, MN 55102

Four apartments plus an efficiency unit offer off-street parking and basement laundry within a well-kept building.

Property Size7,500 SF
Price / SF$93.32
Days on Market144

Property Features for 609 Portland Avenue

General Information

Standard status Active
Size 7,500 SF
Total Parking Spaces 5
Property subtype Commercial
Zoning Residential-Multi-Family

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $14,522

Amenities

laundry

Building Details

Building Size 7,500 SF
Year Built 1915
Stories 2
Units 5
Listing Agency: Verve Realty
Listed By: Amy Sperling
Source: Juverealestate
Added: Mar 20 Changed: Aug 8 Last Checked: Aug 9 at 12:53PM

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 Verve Realty

Investment Insights

Based on property information with market context.

This multifamily apartment building offers four larger apartments and one efficiency unit on the lower level. The units have been updated over time, while the building maintains Old World charm alongside modern conveniences as surfaces have been touched. Off-street parking is provided for each unit in the back, and laundry is located in the basement.

The property is for sale and located at 609 Portland Avenue in Saint Paul, MN 55102. A 48-hour notice is required to schedule viewings. For the first viewing, one unit is available; for second showings, all units may be seen.

For additional detail on updates, the seller has provided a supplement with a list of improvements.

Key Highlights

  • 1915‑built building with 4 apartments plus 1 efficiency unit (lower level)
  • All units have been updated over time
  • Each unit includes 1 off‑street parking space in the back

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Tech Support Center Auto Parts Store Accounting Firm

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

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,510
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 - Four apartments plus an efficiency unit offer off-street parking and basement laundry within a well-kept building.
Where is this apartment building located?
The property is located at 609 Portland Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1915‑built building with 4 apartments plus 1 efficiency unit (lower level); All units have been updated over time; Each unit includes 1 off‑street parking space in the back
More about this property
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