1. Minnesota
  2. Saint Paul
  3. 1232 Marshall Avenue
$810,000

1232 Marshall Avenue, Saint Paul, MN 55104

  • 6,120 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1917
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $132/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

Exceptionally located across the street from Concordia University, this fully occupied 6-unit apartment building offers 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.

Listing Status:
Active
Listing Office:
RE/MAX Results : 763-591-6000
MLS ID:
6709632
  • Appliances: RangeRefrigerator
  • Basement: BlockFullUnfinished
  • A/C: Window Unit(s)
  • Heating: BaseboardBoiler

This listing courtesy of RE/MAX Results

Location

Schools Nearby

J

Jj Hill Montessori

998 Selby Ave, Saint Paul, MN, 55104

Grades PK-5

0.50 miles away

G

Gordon Parks High School

1212 University Ave W, Saint Paul, MN, 55104

Grades 7-12

0.49 miles away

C

Central High School

275 Lexington Pkwy N, Saint Paul, MN, 55104

Grades 9-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.