53-Unit Apartment
For Sale
Contact for pricing
985 Ivy Avenue East, Saint Paul, MN 55106
RM2-zoned multifamily property with concrete, masonry, and brick construction near park amenities and neighborhood retail.
Property Size42,629 SF
Price / SF$134.88
Days on Market8
Property Features for 985 Ivy Avenue East
General Information
Standard status
Active
Size
42,629 SF
Total Parking Spaces
53
Property subtype
Multifamily
Zoning
RM2
Net Operating Income
$464,848
Additional Details
Multifamily Units
53
Building Details
Year Built
1987
Buildings
1
Stories
5
Units
53
Tenancy
Multi
Construction
concrete, masonry, brick
Listing Agency:
MRG Realty Partners
Listed By:
David Dirkers · License #40585691
(619) 756-5718
Source:
Crexi
Added: Aug 31
Changed: Sep 4
Last Checked: Sep 7 at 12:52AM
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.
The property at 985 Ivy Avenue East is a 53-unit apartment building completed in 1987. Its construction incorporates concrete, masonry, and brick, providing a substantial physical profile for a multifamily asset. The property is zoned RM2.
The building directly borders Phalen Regional Park, a nearly 500-acre recreational area that includes Phalen Lake and Beach, a Recreation Center, and a golf course. Phalen Village retail is also nearby at the Phalen Boulevard and Maryland Avenue intersection, placing everyday shopping and services within the surrounding area.
The building directly borders Phalen Regional Park, a nearly 500-acre recreational area that includes Phalen Lake and Beach, a Recreation Center, and a golf course. Phalen Village retail is also nearby at the Phalen Boulevard and Maryland Avenue intersection, placing everyday shopping and services within the surrounding area.
Key Highlights
- 53‑unit apartment building constructed in 1987
- Concrete, masonry, and brick construction
- Immediately adjacent to nearly 500 acres of Phalen Regional Park
Property Analytics
Current Use
Lease Details
53
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - RM2-zoned multifamily property with concrete, masonry, and brick construction near park amenities and neighborhood retail.
Where is this apartment building located?
The property is located at 985 Ivy Avenue East Saint Paul, MN.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 53‑unit apartment building constructed in 1987; Concrete, masonry, and brick construction; Immediately adjacent to nearly 500 acres of Phalen Regional Park
