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940 3rd St E, Saint Paul, MN, 55106
Fully Occupied 7-Unit Multifamily

940 3rd St E Saint Paul, MN 55106

For Sale
$525,000

Seven-unit apartment building is currently fully occupied with studio, 1-bedroom, and 2-bedroom units.

Days on Market88

Property Features for 940 3rd St E

General Information

Standard status
Active
Listing Agency: MRG Realty Partners, LLC
Listed By: Luke Hermanson · License #40934929
Source: Exprealty
Added: Apr 28 Changed: Jul 23 Last Checked: Jul 23 at 2:41AM

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 MRG Realty Partners, LLC


Investment Insights

Based on property information with market context.

940 3rd St E is a 7-unit multifamily property in St. Paul, MN, currently fully occupied. The unit mix includes studio, 1-bedroom, and 2-bedroom apartments. The building is enrolled in the St. Paul 4d Affordable Housing Incentive Program, which can reduce property taxes by up to 80%.

Recent improvements include a new hot water heater installed in 2025, along with complete basement workshop area cleanout. Additional work includes drywall repairs in the stairwells and unit updates throughout the property.

Key Highlights

  • 7‑unit multifamily property in St. Paul, MN, currently fully occupied
  • Unit mix includes studio, 1‑bedroom, and 2‑bedroom units
  • Enrolled in the St. Paul 4d Affordable Housing Incentive Program to reduce property taxes by up to 80%

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Law Firm HVAC Service Parking Lot & Garage Locksmith Pharmacy Cafe & Coffee Shop Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building is currently fully occupied with studio, 1-bedroom, and 2-bedroom units.
Where is this apartment building located?
The property is located at 940 3rd St E Saint Paul, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 7‑unit multifamily property in St. Paul, MN, currently fully occupied; Unit mix includes studio, 1‑bedroom, and 2‑bedroom units; Enrolled in the St. Paul 4d Affordable Housing Incentive Program to reduce property taxes by up to 80%
More about this property
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