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108 Pierce St
Saint Paul, MN 55104
The Walker Apartments · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Highly desirable Merriam Park East location near universities, employment centers, transit, dining, and retail amenities.
- Attractive 10-unit mix consisting of one efficiency, one studio, and eight one-bedroom apartments.
- Recent capital improvements include 2025 soffit and gutters, 2018 windows and exhaust fans, and 2011 boiler replacement.
- Well-maintained asset with attentive ownership, professional management, and consistent reinvestment over time.
- Functional units with classic charm, hardwood flooring, tall ceilings, natural light, updated kitchens, storage, and on-site laundry.
- Near Concordia University, Macalester College, and University of St. Thomas, supporting stable tenant demand.
Executive Summary
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire The Walker Apartments.
The Walker Apartments is situated in the desirable Merriam Park East neighborhood of Saint Paul. Originally constructed in 1921, the property features a unit mix of one efficiency, one studio, and eight one-bedroom units, offering a practical and versatile layout that appeals to a broad tenant base. The property has benefited from long-term ownership and attentive management that has taken pride in maintaining and improving the asset over time, creating a strong sense of care and stability throughout
the property.
Units average approximately 643 square feet, with current rents averaging $1,099 per month. The apartments blend classic architectural character with functional living spaces, featuring tall ceilings, strong natural light, hardwood flooring, ample closet space, and updated kitchen finishes. Additional highlights include gas ranges, on-site laundry, and tenant storage, enhancing overall resident convenience and appeal.
Ownership has completed several meaningful capital improvements, including new soffit and gutters installed in 2025, replacement windows throughout the property in 2018, the addition of bathroom exhaust fans in all units in 2018, and a boiler replacement completed in 2011. These upgrades reflect the quality management and ongoing investment that have contributed to the property’s strong physical condition.
The Walker Apartments benefits from close proximity to major educational institutions, including Concordia University, St. Paul, Macalester College, and University of St. Thomas. The location offers convenient access to neighborhood amenities, employment hubs, and public transit, supporting consistent rental demand. With its attractive unit mix, desirable in-unit features, history of quality ownership, and strong location within Merriam Park East, The Walker Apartments represents a compelling investment opportunity in the Saint Paul multifamily market.
The Walker Apartments is situated in the desirable Merriam Park East neighborhood of Saint Paul. Originally constructed in 1921, the property features a unit mix of one efficiency, one studio, and eight one-bedroom units, offering a practical and versatile layout that appeals to a broad tenant base. The property has benefited from long-term ownership and attentive management that has taken pride in maintaining and improving the asset over time, creating a strong sense of care and stability throughout
the property.
Units average approximately 643 square feet, with current rents averaging $1,099 per month. The apartments blend classic architectural character with functional living spaces, featuring tall ceilings, strong natural light, hardwood flooring, ample closet space, and updated kitchen finishes. Additional highlights include gas ranges, on-site laundry, and tenant storage, enhancing overall resident convenience and appeal.
Ownership has completed several meaningful capital improvements, including new soffit and gutters installed in 2025, replacement windows throughout the property in 2018, the addition of bathroom exhaust fans in all units in 2018, and a boiler replacement completed in 2011. These upgrades reflect the quality management and ongoing investment that have contributed to the property’s strong physical condition.
The Walker Apartments benefits from close proximity to major educational institutions, including Concordia University, St. Paul, Macalester College, and University of St. Thomas. The location offers convenient access to neighborhood amenities, employment hubs, and public transit, supporting consistent rental demand. With its attractive unit mix, desirable in-unit features, history of quality ownership, and strong location within Merriam Park East, The Walker Apartments represents a compelling investment opportunity in the Saint Paul multifamily market.
Property Facts
| Price Per Unit | $132,076 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 10 | Building Size | 7,020 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1921 |
| Price Per Unit | $132,076 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,020 SF |
| No. Stories | 3 |
| Year Built | 1921 |
Amenities
Unit Amenities
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 300 - 500 |
| 1+1 | 8 | - | 643 |
Property Taxes
| Parcel Number | 04-28-23-14-0063 | Improvements Assessment | $1,321,869 CAD |
| Land Assessment | $278,054 CAD | Total Assessment | $1,599,923 CAD |
Property Taxes
Parcel Number
04-28-23-14-0063
Land Assessment
$278,054 CAD
Improvements Assessment
$1,321,869 CAD
Total Assessment
$1,599,923 CAD
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