1530 Sherburne Ave - Apartments FOR SALE


Saint Paul, MN 55104- Hamline-Midway
$1,050,000 USD
651-428-7814
1530 Sherburne Ave, Saint Paul, MN for Sale
$1,050,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1530 Sherburne Ave
Saint Paul, MN 55104
Hamline-Midway


HIGHLIGHTS

  • Enrolled in 4D Tax Program
  • ?100% Occupied
  • ?$87,500/Unit
  • ?$81,735 Proforma NOI
  • ?Laundry On-Site
  • ?Unit Storage Lockers

OVERVIEW

1530 Sherburne Ave is a fully occupied 12-unit multifamily in St.? Paul's Midway neighborhood, just blocks from Allianz Field and the Green Line light rail. The building is made up of twelve 1BR/1BA units, each with a rear patio overlooking a private tenant courtyard, and includes two coin-operated laundry sets on site. Recent improvements include a complete basement cleanout, drywall repairs and fresh paint in common area stairwells, and unit updates throughout. The property entered the St. Paul 4d Affordable Housing Incentive Program in 2026, cutting property taxes from $21,784 in 2025 to roughly $5,388 in 2026, which is the centerpiece of the pro-forma along with the completion of five heavy unit turns in 2025. Contact Luke Hermanson at 651-428-7814 or Luke@MRGRealtyPartners.?com for the full financial package and to schedule a tour.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

12

PRICE/UNIT

$87,500

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

Luke HermansonMRG Realty PartnersMore Info
651-428-7814

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Luke HermansonMRG Realty PartnersMore Info
651-428-7814

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