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Executive Summary

Rare opportunity to acquire one of the largest multifamily properties in the portfolio consisting of two joined and nearly identical brick buildings totaling 8 residential units. Unit mix includes four 1-bedroom units, two 3-bedroom units, and two exceptionally large 4-bedroom multi-level units, creating strong tenant demand across multiple renter profiles. Situated on a corner lot in a highly accessible St Paul location, the property features off-street parking, detached garage space for parking or storage, and spacious unit layouts uncommon for traditional multifamily properties. Strong brick exterior construction, stable rental history, and proximity to public transportation, shopping, restaurants, and major transportation corridors support long-term investment stability. Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies.

Property Facts

Price $1,490,580 CAD
Price Per Unit $186,323 CAD
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 15,405 SF
No. Stories 2
Year Built 1888
Zoning R - Residential

Amenities

Unit Amenities

  • Balcony
  • Kitchen

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - -
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
02-28-23-11-0032
Land Assessment
$227,306 CAD
Improvements Assessment
$1,040,633 CAD
Total Assessment
$1,267,939 CAD
  • Listing ID: 41093855

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 732 Marshall Ave, Saint Paul, MN 55104

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