Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale Boulevard 100 Apartments, a meticulously maintained multifamily property located in Saint Louis Park, MN. Offered for the first time in over 60 years by the original owner and developer, Boulevard 100 represents a rare generational opportunity to acquire a true legacy asset.
The property features 62 thoughtfully designed residences, consisting of 46 one-bedroom, 13 two-bedroom, and 3 three-bedroom units along with a 750 SF office space. Originally built in 1962, the building blends timeless charm with modern updates. Each unit averages 815 square feet, with monthly rents averaging $1,206. Interior highlights include stylish cabinetry, stainless steel appliances, dishwashers, and ceramic-tiled bathrooms, creating comfortable and functional living spaces for residents.
The property offers an array of premium community amenities, including a rooftop sun deck and club room, a 24-hour fitness center, a solarium, an elevator, and a BBQ area. Additionally, there are 53 surface parking spaces, a 40-space heated underground garage, a highly coveted asset for MN residents.
Boulevard 100 Apartments provides convenient access to Highway 100, ensuring seamless connectivity to the Twin Cities. Nearby employment hubs, including the West End Office Park and Park Place East, and major employers such as Target, General Mills, Cargill, Medtronic, and Park Nicollet Health Services, make this location highly desirable for professionals.
Combining modern living spaces, exceptional amenities, and an unbeatable location, Boulevard 100 Apartments represents a compelling investment opportunity in the multifamily market. Boulevard 100 also presents a strong value-add opportunity through strategic in-unit and common area improvements. While the property has been well maintained, many units and shared spaces offer significant upside through targeted cosmetic upgrades. These enhancements position the asset to capitalize on strong renter demand and anticipated rent growth in the supply-constrained, high-demand market of Saint Louis Park.