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352 Bates Ave
Saint Paul, MN 55106
Multifamily Property For Sale
·
5 Units
Executive Summary
Rare opportunity to own a historic St Paul mansion thoughtfully converted into a 5-unit multifamily property complete with a charming historic carriage house. Located in a highly walkable neighborhood on the citys East Side, the property offers convenient access to coffee shops, Mississippi Market Co-Op, East 7th Street amenities, and the Payne-Arcade commercial district. Units feature spacious layouts with large living areas and private storage spaces for each tenant. Residents also enjoy shared green space, off-street parking for all tenants, and on-site coin-operated laundry. Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026. Future ownership will have the opportunity to improve NOI through utility cost recovery and operational efficiencies. Strong long-term upside potential in a distinctive historic asset with excellent neighborhood fundamentals.
Property Facts
| Price Per Unit | $181,503 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| No. Units | 5 | Building Size | 4,990 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1904 |
| Price Per Unit | $181,503 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 4,990 SF |
| No. Stories | 2 |
| Year Built | 1904 |
Property Taxes
| Parcel Number | 32-29-22-14-0070 | Improvements Assessment | $607,824 CAD |
| Land Assessment | $140,700 CAD | Total Assessment | $748,524 CAD |
Property Taxes
Parcel Number
32-29-22-14-0070
Land Assessment
$140,700 CAD
Improvements Assessment
$607,824 CAD
Total Assessment
$748,524 CAD
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