1232 Marshall AVE new Save Request In-Person Tour Request Virtual Tour
Saint Paul,MN 55104
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Anna E Ramsey Add
MLS Listing ID 6709632
Year Built 1917
Annual Tax Amount $14,203
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
Exceptionally located across the street from Concordia University, this fully occupied 6-unit apartment building offers strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors.
Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building—an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas.
Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they're just minutes from Trader Joe's, Whole Foods, and an exciting local dining scene.
A rare opportunity in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.
Location
State MN
County Ramsey
Zoning Business/Commercial,Other
Interior
Heating Baseboard,Boiler
Cooling Window Unit(s)
Inclusions Building
Exterior
Parking Features Gravel,Parking Lot
Utilities Available Electric Separate,Hot Water Common
Roof Type Age Over 8 Years,Flat
Building
Story Three Or More
Foundation 2040
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District St. Paul