1179 7Th St Saint Paul, MN 55106
- Commercial real estate
- 11,447 SF
- 0.23 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1179 7Th St
- Year built
- 1889
- Lot size
- 0.23 lot acres
- Property size
- 11,447 SF
- Property type
- Commercial real estate
- APN
- 28-29-22-41-0068
Description
This fully occupied, six-unit apartment building in Saint Paul, Minnesota presents a compelling investment opportunity. Originally constructed in 1889 and extensively renovated in 2022, the property boasts 11,447 square feet across three stories, situated on a 0.23-acre lot. The building features a mix of spacious one to four-bedroom units, each updated with modern amenities including stainless steel appliances, granite countertops, in-unit laundry, and self-controlled HVAC systems. Residents enjoy ample closet space, tall ceilings, and newer windows. Building features include controlled access entry, security cameras, and off-street parking (12 spaces total). The property benefits from a prime location in Saint Paul, offering easy access to Highways 94 and 494, and proximity to downtown Saint Paul, as well as the suburbs of Oakdale, Woodbury, and Maplewood. Numerous shopping, school, and entertainment options are nearby. The property currently generates a net operating income (NOI) of $88,604, representing a 7.09% capitalization rate. The asking price is $1,250,000, or $208,333.33 per unit, and the property is zoned for multi-family use. This stabilized, value-add investment is in turnkey condition and is ideally suited for a 1031 exchange. The property is professionally managed, with the option to retain current management. The APN is 28-29-22-41-0068.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.050799083972
- Latitude
- 44.966698634539
