Seven-Unit Apartment
For Sale
$649,900
616 Ivy Avenue E, Saint Paul, MN 55101
Commercial Sale, Saint Paul, MN
Property Size4,800 SF
Lot Size0.25 Acres
Price / SF$135.40
Days on Market48
Property Features for 616 Ivy Avenue E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 7, Bedroom 1, Bedroom 2, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 7, Bathroom 4
Parking features
Assigned, Driveway
Exterior features
Stucco
Fencing
Chain Link
Appliances
Exhaust Fan/Hood, Range, Refrigerator
Lot features
Public Transit (w/in 6 blks)
High school district
St. Paul
Directions
35N to Maryland E to Edgerton N to Ivy E to Building
Standard status
Active
APN
202922430022
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11758
Utilities
Heating system
Hot Water(Heating)
Amenities
shared coin laundry
basement storage
exterior shed
Building Details
Year built
1959
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Lars Anderson
(952) 829-2900
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 7 at 12:06PM
MLS# 7127470
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This seven-unit apartment building in Saint Paul’s Payne-Phalen neighborhood was built in 1959 and sits on a 0.25-acre RM2 lot. Each residence is configured as a one-bedroom, one-bath unit, with two apartments renovated by the current ownership. The property includes a shared coin laundry area, basement storage, an exterior shed, and a rear off-street parking pad. Exterior construction is stucco with a shingle roof, and heating is provided by a hot-water system.
Building systems include a new 200-amp electrical panel installed in the laundry room in April 2025, serving the entire property; the work was permitted. Unit 1 has an approved Section 8 tenant scheduled to move in 10/31/26, while the remaining apartments may pursue Section 8 approval at the next owner’s discretion. Unit 3 is vacant and available for lease.
Building systems include a new 200-amp electrical panel installed in the laundry room in April 2025, serving the entire property; the work was permitted. Unit 1 has an approved Section 8 tenant scheduled to move in 10/31/26, while the remaining apartments may pursue Section 8 approval at the next owner’s discretion. Unit 3 is vacant and available for lease.
Key Highlights
- Seven‑unit apartment building with all units configured as 1BR/1BA
- 0.25‑acre RM2 lot in Saint Paul’s Payne‑Phalen neighborhood
- Two units renovated by current ownership
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily property with renovated residences, shared laundry, basement storage, and off-street parking.
Where is this apartment building located?
The property is located at 616 Ivy Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Seven‑unit apartment building with all units configured as 1BR/1BA; 0.25‑acre RM2 lot in Saint Paul’s Payne‑Phalen neighborhood; Two units renovated by current ownership
