Home › 149 Morton Street E, Saint Paul, MN 55107 (MLS# 7022196)

149 Morton Street E, Saint Paul, MN 55107 (MLS# 7022196)

$1,295,000
149 Morton Street E
Saint Paul, MN 55107
MLS# 7022196
7800 sqft
149 Morton Street E, Saint Paul, MN 55107
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149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107 149 Morton Street E, Saint Paul, MN 55107

Property Description
Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.

Details
Maps
Contract Information
Status: Active
Current Price: 1295000
Contingency: None
ListPrice: 1295000
List Date: 2026-02-16
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2600
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.39
Lot Dimensions: 90 x 180
Assessment Pending: No
Location Tax and Other Information
House Number: 149
Street Name: Morton
Street Suffix: Street
Street Direction Suffix: E
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55107
Complex/Dev/Subdivision: The W St Paul Re&Imp Synd 1
Assessments
Tax With Assessments: 19036
Building Information
Building Finished SqFt: 7800
Building SqFt: 7800
Ceiling Height: 8-10
Income and Expenses
Annual Caretaker Expense: 7427
Annual Electric Expense: 1000
Annual Fuel Expense: 5393
Annual Gross Expenses: 53396
Annual Gross Income: 148552
Annual Insurance Expense: 5000
Annual Net Income: 95156
Annual Repair Expense: 4800
Annual Trash Expense: 2940
Total Annual Expenses: 53396
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 08
Township#: 28
Sale Options
Sale Includes: Building, Land, Rental License
Unit 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 12
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Security Building
Amenities Unit: Cable; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Tile Floors; Walk-In Closet
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Concrete Block; Full
CMU Style: Apartments/Multi Family
Construction Materials: Block; Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Stucco
Flooring: Luxury Vinyl Plank; Tile; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; 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: Fuel; Lawn; Lawn; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Paved 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; Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Broadband; Electricity
Topography: Hilly
Water: City Water/Connected

Listing Office: Apartment Cash Flow, Inc.

Last Updated: August - 04 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 24th of October 2026 11:00 AM

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