1530 Sherburne Ave - Apartments FOR SALE


Saint Paul, MN 55104- Hamline-Midway
$1,300,000 USD
651-900-4386
1530 Sherburne Ave, Saint Paul, MN for Sale
$1,300,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1530 Sherburne Ave
Saint Paul, MN 55104
Hamline-Midway


HIGHLIGHTS

  • Fully occupied 1-bedroom units with strong tenant retention
  • Storage lockers available for each unit
  • On-site laundry facility
  • Future property tax reduction via 4D program (starting 2026)
  • Prime location near light rail and major transit lines
  • One of the best walk scores in the Twin Cities

OVERVIEW

12-unit apartment building in Saint Paul, Minnesota, for sale! Turnkey property, fully-occupied 1-bedroom apartment building located in the heart of St. Paul. Each spacious unit features back patios and residents enjoy access to a shared courtyard, laundry facilities, and individual storage lockers. Tenants pay electricity, creating a low-expense operating structure for ownership. The property is scheduled to enter the 4D Affordable Housing Program in 2026, offering a significant future reduction in property taxes. Reach out to Luke at 651-428-7814 for more information and to set up a private showing.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Snelling Station Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

T2

APN/PARCEL ID

34-29-23-23-0125

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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