Property profile

394 Cleveland N Ave Saint Paul, MN 55104

OFF-MARKET
Other apartment buildings
Property ID
US46-0945219
8,316 SF 0.14 ac lot Built 1926
Individually Owned 3-yr Hold
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Property summary

AI-generated overview

The property at 394 Cleveland Avenue N in Saint Paul is a 10-unit multi-family apartment building constructed in 1926. It is a solid brick structure totaling over 8,300 square feet, situated on an approximately 6,000-square-foot lot in the Merriam Park West neighborhood. The building is described as well-maintained and includes numerous updates, while retaining historic character associated with its construction era. The surrounding area offers walkability and bikeability and provides access to shopping, restaurants, transit, and parks, with multiple nearby colleges and universities including the University of St. Thomas, Macalester College, Hamline University, St. Catherine University, Concordia University–St. Paul, Metropolitan State University, Augsburg University, and the University of Minnesota St. Paul campus. The property’s location also provides convenient access to both downtown Minneapolis and downtown Saint Paul.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1926
Construction FRAME
Total area 8,316 SF
Lot 0.14 ac (5,968 SF)
Zoning code H
APN 33-29-23-32-0022
UPID US46-0945219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

394 Cleveland N Ave Saint Paul, MN 55104-5113
Saint Paul metro Census 33300 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$973k
Blend (final) Blend
$920k

Owner & transaction history

since 2023
Last sale
$1.2M
5 recorded transactions
2023
$1.2M
2013
$550,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

H · Saint Paul, MN
Top alternative use upside
Neighborhood: shopping center $1.4M +68.9%
Medical building $1.2M +48.3%
Warehouse, storage $960,000 +16.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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