7-Unit Apartment
New
For Sale
$679,900
616 Ivy Ave E, Saint Paul, MN 55101
Seven one-bedroom residences include shared laundry, basement storage, and rear off-street parking.
Property Size6,658 SF
Price / SF$102.12
Days on Market5
Property Features for 616 Ivy Ave E
General Information
Standard status
Active
Size
6,658 SF
Zoning
RM2
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Amenities
off-street parking
shared coin laundry
basement storage
exterior shed
Building Details
Year Built
1959
Buildings
1
Listing Agency:
RE/MAX Results
(651) 497-1666
Listed By:
Lars Anderson
Source:
Homesearchlive
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 25 at 5:40AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
Located at 616 Ivy Ave E in Saint Paul’s Payne-Phalen neighborhood, this apartment property was constructed in 1959 and contains approximately 4,800 SF. The seven units are configured as 1BR/1BA residences, with two apartments renovated by the current ownership.
Property features include shared coin laundry, basement storage, an exterior shed, and a rear off-street parking pad. A new 200 amp electrical panel serving the entire building was installed in the laundry room in April 2025, with all work permitted.
Unit #1 has approval for Section 8 housing. The remaining units may also be eligible for approval if pursued by a future owner.
Property features include shared coin laundry, basement storage, an exterior shed, and a rear off-street parking pad. A new 200 amp electrical panel serving the entire building was installed in the laundry room in April 2025, with all work permitted.
Unit #1 has approval for Section 8 housing. The remaining units may also be eligible for approval if pursued by a future owner.
Key Highlights
- Seven 1BR/1BA apartment units in approximately 4,800 SF
- Two units renovated by current ownership
- New 200 amp electrical panel installed in April 2025
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 55101, MN
7,788
Population
5,651
Households
1.4
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
0.8 sq mi
ZIP Area
9,735
Density / Sq Mi
$72,703
Median Household Income
$56,947
Median Earnings
$1,573
Median Rent
$252,700
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 - Seven one-bedroom residences include shared laundry, basement storage, and rear off-street parking.
Where is this apartment building located?
The property is located at 616 Ivy Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Seven 1BR/1BA apartment units in approximately 4,800 SF; Two units renovated by current ownership; New 200 amp electrical panel installed in April 2025
