108 Pierce St
Saint Paul, MN 55104
The Walker Apartments · Immeuble residentiel Propriété À vendre · 10 Unités

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.