Home › 195 Lexington Parkway N, Saint Paul, MN 55104 (MLS# 7028626)

195 Lexington Parkway N, Saint Paul, MN 55104 (MLS# 7028626)

$1,300,000
195 Lexington Parkway N
Saint Paul, MN 55104
MLS# 7028626

195 Lexington Parkway N, Saint Paul, MN 55104
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195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104 195 Lexington Parkway N, Saint Paul, MN 55104

Property Description
This is a unique opportunity to acquire thirteen well-appointed apartments located in the heart of the Summit University and Union Park neighborhoods of Saint Paul, Minnesota. Stunning curb appeal, featuring 100% all brick and stone exterior. All the roofs have recently been replaced in 2021. The unit mix is all one bedroom, one bath with original oak hardwood floors and trim. Newer hot water boiler system and water heaters. Large double corner lot with over 0.35+ acres, twelve detached garages and a patio area for residents. This asset is the perfect property to buy in your 1031 IRC Tax Exchange!! The neighborhood is centrally located and offers numerous restaurants, coffee shops, and parks, such as Linwood, Merriam, Iris, Cathedral Hill, and Western Sculpture Parks. Highly walkable with great access to public transportation along Lexington and the University METRO Green Line light rail. Just north of the historic Summit avenue with affluent mansions, churches, and colleges.

Details
Maps
Documents
Contract Information
Status: Active
Current Price: 1300000
Contingency: None
ListPrice: 1300000
List Date: 2026-03-02
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Self-Managed
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront Present: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3000
Garage Stalls: 12
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.35
Lot Dimensions: 119 x 130
Assessment Pending: No
Location Tax and Other Information
House Number: 195
Street Name: Lexington
Street Suffix: Parkway
Street Direction Suffix: N
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Anna E Ramsey Add
Assessments
Tax With Assessments: 28058
Building Information
Building Finished SqFt: 12000
Building SqFt: 12000
Ceiling Height: 8-10
Income and Expenses
Annual Electric Expense: 1200
Annual Fuel Expense: 3100
Annual Gross Expenses: 52862
Annual Gross Income: 155929
Annual Insurance Expense: 6500
Annual Maintenance Expense: 3000
Annual Net Income: 103067
Annual Trash Expense: 2004
Annual Water/Sewer Expense: 5200
Total Annual Expenses: 52862
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 03
Township#: 28
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Unit 1
No. of 1 Bedroom Units: 13
Unit Details
Total Units: 13
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Coin-op Laundry Owned; Patio; Security Building
Amenities Unit: Cable; Ceiling Fan(s); Hardwood Floors; Patio; Security System; Tile Floors
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Concrete Block; Full
CMU Style: Apartments/Multi Family
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Free and Clear
Exterior: Brick/Stone
Fencing: None
Flooring: Tile; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Hot Water
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Corner Lot; Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Insurance; Lawn; Lawn; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Pool Description: None
Potential Use: Income
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Flat; Pitched; Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity
Topography: Level
Wall Description: Plaster
Water: City Water/Connected

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.

Wednesday 3rd of June 2026 08:31 AM

218-998-4400

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