1232 Marshall AVE new Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55104
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,206 sqft
Price per Sqft $155
Subdivision Anna E Ramsey Add
MLS Listing ID 6709632
Bedrooms 12
Year Built 1917
Annual Tax Amount $14,914
Lot Size 5,206 Sqft
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.
Location
State MN
County Ramsey
Community Anna E Ramsey Add
Interior
Heating Baseboard,Boiler
Cooling Window
Exterior
Parking Features Parking Lot,Gravel Lot
Utilities Available Electric Separate,Hot Water Common
Roof Type Age Over 8 Years,Flat
Building
Water City Water/Connected
Structure Type Concrete,Frame