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Two-Building Apartment Complex
For Sale
$1,595,000

881-889 Maryland Ave E, Saint Paul, MN 55106

Sixteen units across two brick buildings with off-street parking and transit access at the property.

Property Size12,792 SF
Price / SF$124.69
Days on Market15

Property Features for 881-889 Maryland Ave E

General Information

Standard status Active
Size 12,792 SF

Units

Unit Mix 5 x 2R, 10 x 1BR, 1 x 2BR
Multifamily Units 16

Additional Details

Public Transit Yes

Amenities

off-street parking

Building Details

Year Built 1958
Buildings 2
Construction brick
Listing Agency: RE/MAX Results
Listed By: Christopher J Ames · License #710057
Source: Vibemn
Added: Aug 15 Changed: Aug 28 Last Checked: Aug 25 at 5:48AM

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.

This 16-unit apartment property comprises two all-brick buildings constructed in 1958, with 12,792 square feet of total property size. The smaller building contains six units, including five 2 R units and one 1BR. The second building has 10 units, consisting of nine 1BR units and one 2BR. Off-street parking serves the complex.

Located at 881-889 Maryland Ave E in Saint Paul, the property is a few blocks from Lake Phalen, with public transit immediately outside the door. Johnson High School and Farnsworth Elementary are nearby, along with shipping and dining options. The unit mix and two-building layout provide a range of apartment configurations within an established East St. Paul setting.

Key Highlights

  • 16‑unit apartment complex in two all‑brick buildings
  • 12,792 square feet; built in 1958
  • 6‑unit building with five 2 R units and one 1BR

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Electrical Service (Bike/Boat/Book/etc) Store

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

864
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

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 - Sixteen units across two brick buildings with off-street parking and transit access at the property.
Where is this apartment building located?
The property is located at 881-889 Maryland Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 16‑unit apartment complex in two all‑brick buildings; 12,792 square feet; built in 1958; 6‑unit building with five 2 R units and one 1BR
More about this property
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