583 Holly Ave - Apartments FOR SALE


Saint Paul, MN 55102- Summit-University
$1,097,000 USD
651-900-4386
583 Holly Ave, Saint Paul, MN for Sale
$1,097,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

583 Holly Ave
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • Separate utility meters for Gas/Heat & Electric
  • Preserved Original Woodwork & Wood floors, Tall - 10ft Ceilings
  • Mostly MTM leases
  • Split entrances for enhanced security

OVERVIEW

CONTRACT FOR DEED AVAILABLE Nate Schammel: (651)955-4255 — nate@mrgrealtypartners.com Dave Dirkers: (651) 998-9380 — david@mrgrealtypartners.com Luke Hermanson: (651) 428-7814 — luke@mrgrealtypartners.com —————————-—————————-—————————-—————- MRG Realty Partners is pleased to present 583 Holly Avenue, an 8-unit multifamily investment opportunity located in the historic Summit-University neighborhood of St. Paul. The property is comprised of seven two-bedroom units and one one-bedroom unit, with most layouts offering additional bonus space often utilized as a third bedroom, office, or den. The units feature classic architectural character including high ceilings, original woodwork, built-in cabinetry, and front and back balconies—elements that enhance tenant appeal and provide flexible living options. Current rents remain below market, and the majority of leases are month-to-month, giving new ownership immediate flexibility to adjust rents, implement lease renewals, and reposition the property to modern standards. Operationally, tenants pay their own gas and electric. There is near-term opportunity to further reduce owner exposure by billing tenants for water, sewer, and trash. Off-street parking is available and has the potential to generate additional income as leases turn over. Positioned in a highly walkable and bikeable location near shops, restaurants, and neighborhood amenities, 583 Holly Avenue offers stable occupancy today with multiple avenues to increase revenue and maximize long-term cash flow.

FOR SALE DETAILS

PRICE

$1,097,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

8

PRICE/UNIT

$137,125

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Avenue Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Multi-Family

APN/PARCEL ID

01-28-23-23-0093

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 Notice.