$2,600,000
Saint Paul, MN 55107
MLS# 6815535
1 / 34
Property Description
This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,600,000
Contingency: None
ListPrice: 2600000
List Date: 2025-11-07
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 200 x 110
Acres: 0.51
Foundation Size: 6600
Garage Stalls: 10
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: THE W ST PAUL REIMP SYND 1 VAC ALLEY ACCRUING AND FOL LOTS 1 2 3 4 AND LOT 5 BLK 5
Listing City: Saint Paul
Map Page: 122
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 3059
Property ID Number: 082822310139
Tax Year: 2025
Tax Amount: 43226
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota.
Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94
729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.
Directions: Oakdale avenue to property
Accessible
None: 1
Air Conditioning
Wall Unit(s): 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 43226
Assumable Loan
Not Assumable: 1
Basement
Egress Windows: 1
Full: 1
Building Information
Building Finished SqFt: 19800
Building SqFt: 19800
Ceiling Height: 8-10
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Brick/Stone: 1
Fencing
None: 1
Flooring
Carpet: 1
Luxury Vinyl Plank: 1
Tile: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Hot Water: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Lot Description
Corner Lot: 1
Miscellaneous Information
Homestead: No
Owner Pays
Gas: 1
Hot Water: 1
Lawn: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Pool Description
None: 1
Public Survey Info
Range#: 22
Section#: 08
Township#: 28
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age Over 8 Years: 1
Flat: 1
Rubber: 1
Sale Options
Sale Includes: Building, Land, Rental License
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Topography
Level: 1
Unit 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 23
Wall Description
Drywall: 1
Water
City Water/Connected: 1
Window Features
Double Pane Windows: 1
Income and Expenses
Annual Caretaker Expense: 15618
Annual Electric Expense: 2100
Annual Fuel Expense: 120000
Annual Gross Expenses: 125889
Annual Gross Income: 312366
Annual Insurance Expense: 14250
Annual Maintenance Expense: 7475
Annual Net Income: 186477
Annual Water/Sewer Expense: 20300
Total Annual Expenses: 125889
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Broadband: 1
Electricity: 1
Unit 2
No. of 2 Bedroom Units: 12
On Site Utilities
Electric Separate: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Income: 1
Rent Rate per Foot
Per Month: 1
Location Tax and Other Information
House Number: 729
Street Name: Oakdale
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55107
Complex/Dev/Subdivision: The W St Paul Re&Imp Synd 1
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Egress Windows; Full
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone
Fencing: None
Flooring: Carpet; Luxury Vinyl Plank; Tile
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Hot Water
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Corner Lot
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Hot Water; Lawn; Lawn; Trash Collection; Water
Parking Characteristics: Parking Lot
Pool Description: None
Potential Use: Income
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Flat; Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Broadband; Electricity
Topography: Level
Wall Description: Drywall
Water: City Water/Connected
Window Features: Double Pane Windows
Listing Office: Apartment Cash Flow, Inc.
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.