1232 Marshall Ave - Apartments FOR SALE


Saint Paul, MN 55104- Lexington-Hamline South
$799,900 USD
612-423-1841
1232 Marshall Ave, Saint Paul, MN for Sale
$799,900 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

1232 Marshall Ave
Saint Paul, MN 55104
Lexington-Hamline South


OVERVIEW

Exceptionally located across the street from Concordia University offering strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors. Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building —an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas. Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they’re just minutes from Trader Joe’s, Whole Foods, and an exciting local dining scene. A rare opportunity in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$80 USD /SF

# OF UNITS

21

PRICE/UNIT

$38,090

CAP RATE

Request Cap Rate

% 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

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,438 SF

ZONING

-

APN/PARCEL ID

03-28-23-12-0003

ASK ABOUT THIS PROPERTY

Dylan MaitlandRe/max ResultsMore Info
612-423-1841

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Dylan MaitlandRe/max ResultsMore Info
612-423-1841

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