1024 Ross Ave - Apartments FOR SALE


Saint Paul, MN 55106- Dayton's Bluff
$619,000 USD
612-802-7696
1024 Ross Ave, Saint Paul, MN for Sale
$619,000 USD
Apartments - FOR SALE
1/4
null | 8% Cap Rate

1024 Ross Ave
Saint Paul, MN 55106
Dayton's Bluff


OVERVIEW

A rare chance to acquire a modern, fully occupied multifamily building (built 2004) in Saint Paul with strong, immediate positive cash flow and built-in upside potential. Price includes adjacent, vacant lot at 1020 Ross Ave, which currently serves as tenant green space and garden. 5 rented units currently generating income — all units are leased with long-term, reliable tenants in place, providing stable monthly cash flow from day one. Proven performer: The building is in excellent condition for its age, with identical or near-identical layouts (most units ~1,000 sq ft, 2 bed/1 bath), minimizing maintenance surprises and appealing to a wide tenant pool. Significant value-add opportunity: Configure and add a sixth unit to boost rental income and overall NOI substantially — ideal for an investor looking to increase returns through light renovations or reconfiguration (buyer to verify feasibility with city permitting). Modern construction advantages: Built in 2004 (6,048 sq ft total), offering lower capex compared to older properties, better energy efficiency, and stronger tenant retention. Prime East Side location: Convenient access to amenities, employment centers, transit, and downtown Saint Paul, supporting consistent occupancy and rent growth potential in a steadily appreciating market. This property delivers immediate positive cash flow from 5 occupied units while offering clear upside to add a sixth unit for enhanced yields. Fully turnkey with tenants in place — perfect for portfolio expansion.

FOR SALE DETAILS

PRICE

$619,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

6

PRICE/UNIT

$103,167

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,790 SF

ZONING

-

APN/PARCEL ID

28-29-22-34-0019

ASK ABOUT THIS PROPERTY

Ryan BromenschenkelMinnesota Realty Guide, LlcMore Info
612-802-7696

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Ryan BromenschenkelMinnesota Realty Guide, LlcMore Info
612-802-7696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.