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1232 Marshall Ave 21 Unit Apartment Building $1,112,325 CAD ($52,968 CAD/Unit) Saint Paul, MN 55104
Executive Summary
Exceptionally located across the street from Concordia University offering 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.
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.
Property Facts
| Price | $1,112,325 CAD | Building Class | C |
| Price Per Unit | $52,968 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1917 |
| Apartment Style | Low-Rise |
| Price | $1,112,325 CAD |
| Price Per Unit | $52,968 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1917 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,016 CAD | 1,000 |
| 2+1 | 2 | $2,086 CAD | 1,000 |
| 2+1 | 3 | $2,176 CAD | 1,000 |
| 2+1 | 4 | $2,086 CAD | 1,000 |
| 2+1 | 5 | $1,877 CAD | 1,000 |
| 2+1 | 6 | $2,114 CAD | 1,000 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03-28-23-12-0003 | Improvements Assessment | $929,824 CAD |
| Land Assessment | $165,744 CAD | Total Assessment | $1,095,568 CAD |
Property Taxes
Parcel Number
03-28-23-12-0003
Land Assessment
$165,744 CAD
Improvements Assessment
$929,824 CAD
Total Assessment
$1,095,568 CAD
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1232 Marshall Ave
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