Fully Occupied 7-Unit
940 3rd Street East Saint Paul, MN 55106
For Sale
Contact for pricing
Fully occupied 7-unit property with a mix of studios and one- and two-bedroom units.
Days on Market89
Property Features for 940 3rd Street East
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1897
Listing Agency:
MRG Realty Partners
(651) 428-7814
Listed By:
Nate Schammel · License #40691605
Source:
Crexi
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 11:07AM
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
Investment Insights
Based on property information with market context.
940 3rd St E is a fully occupied 7-unit multifamily property featuring a mix of 2-bedroom, 1-bedroom, and studio units. Recent improvements include a new hot water heater (2025), unit updates throughout, dry wall repairs in stairwells, and a complete basement workshop area cleanout.
The property is enrolled in the 4D tax program, which reduces property taxes by up to 80%. More information and private viewing arrangements are available by calling Luke at 651-428-7814.
The property is enrolled in the 4D tax program, which reduces property taxes by up to 80%. More information and private viewing arrangements are available by calling Luke at 651-428-7814.
Key Highlights
- Fully occupied 7‑unit multifamily in St. Paul, MN, built in 1897
- Unit mix includes studios, 1‑bedroom, and 2‑bedroom units
- Pro forma NOI of $46,767 with a pro forma cap rate of 8.91%
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully occupied 7-unit property with a mix of studios and one- and two-bedroom units.
Where is this apartment building located?
The property is located at 940 3rd Street East 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: Fully occupied 7‑unit multifamily in St. Paul, MN, built in 1897; Unit mix includes studios, 1‑bedroom, and 2‑bedroom units; Pro forma NOI of $46,767 with a pro forma cap rate of 8.91%
