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1940 Marshall Ave
Saint Paul, MN 55104
Autumn Manor Apartments · Multifamily Property For Sale
·
32 Units
Investment Highlights
- Merriam Park Location– Positioned in one of Saint Paul’s well-known residential neighborhoods near Macalester College and the University of St. Thomas
- Balanced Unit Mix – Comprised of 16 one-bedroom and 16 two-bedroom residences, appealing to a broad renter base.
- Long-Term Family Ownership – Same family ownership for more than 45 years, reflecting a long history of consistent stewardship.
- Spacious Floor Plans – Residences average approximately 950 square feet, offering larger layouts than many competing rental options.
- On-Site Parking – Features 35 surface parking spaces and 5 garage spaces, providing convenient parking for residents.
Executive Summary
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Autumn Manor Apartments.
Located at 1940 Marshall Avenue in Saint Paul’s Merriam Park neighborhood, Autumn Manor Apartments offers investors the opportunity to acquire a well-positioned multifamily asset in an established residential area with close proximity to neighborhood conveniences and a variety of drivers supporting long-term renter demand. Built in 1967, Autumn Manor Apartments is comprised of 32 total residences, including 16 one-bedroom and 16 two-bedroom units. The residences average approximately 950 square feet in size, offering spacious floor plans that compare favorably to many competing rental options in the area. With average rents of approximately $1,148 per month, the property provides investors with a stable in-place income profile and the opportunity to evaluate future rent growth based on market conditions and unit positioning.
Autumn Manor Apartments has been under long-term ownership for more than 45 years, reflecting a long history of family ownership and consistent stewardship. Select property features include updated countertops in most units, owner-owned laundry, electric stoves, and on-site caretaker support. The property is primarily market rate,
with two residences subsidized by MHR. Leases are structured annually and roll over to month-to-month after the initial term.
Situated on a 0.76-acre lot, the property features 30 surface parking spaces and 5 garage spaces, providing convenient on-site parking for residents. Autumn Manor Apartments also benefits from its location near Macalester College and the University of St. Thomas, supporting steady renter demand within the Merriam Park neighborhood. The property’s combination of spacious floor plans, established location, long-term ownership, and on-site parking provides investors with a well-positioned multifamily opportunity in Saint Paul.
Located at 1940 Marshall Avenue in Saint Paul’s Merriam Park neighborhood, Autumn Manor Apartments offers investors the opportunity to acquire a well-positioned multifamily asset in an established residential area with close proximity to neighborhood conveniences and a variety of drivers supporting long-term renter demand. Built in 1967, Autumn Manor Apartments is comprised of 32 total residences, including 16 one-bedroom and 16 two-bedroom units. The residences average approximately 950 square feet in size, offering spacious floor plans that compare favorably to many competing rental options in the area. With average rents of approximately $1,148 per month, the property provides investors with a stable in-place income profile and the opportunity to evaluate future rent growth based on market conditions and unit positioning.
Autumn Manor Apartments has been under long-term ownership for more than 45 years, reflecting a long history of family ownership and consistent stewardship. Select property features include updated countertops in most units, owner-owned laundry, electric stoves, and on-site caretaker support. The property is primarily market rate,
with two residences subsidized by MHR. Leases are structured annually and roll over to month-to-month after the initial term.
Situated on a 0.76-acre lot, the property features 30 surface parking spaces and 5 garage spaces, providing convenient on-site parking for residents. Autumn Manor Apartments also benefits from its location near Macalester College and the University of St. Thomas, supporting steady renter demand within the Merriam Park neighborhood. The property’s combination of spacious floor plans, established location, long-term ownership, and on-site parking provides investors with a well-positioned multifamily opportunity in Saint Paul.
Property Facts
| Sale Type | Investment | Lot Size | 0.76 AC |
| No. Units | 32 | Building Size | 36,048 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 0.97/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 36,048 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 0.97/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
| 2+1 | 16 | - | 1,150 |
Property Taxes
| Parcel Number | 04-28-23-21-0005 | Improvements Assessment | $3,688,108 CAD |
| Land Assessment | $889,773 CAD | Total Assessment | $4,577,881 CAD |
Property Taxes
Parcel Number
04-28-23-21-0005
Land Assessment
$889,773 CAD
Improvements Assessment
$3,688,108 CAD
Total Assessment
$4,577,881 CAD
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