Home › 394 Pierce Street N, Saint Paul, MN 55104 (MLS# 7104912)

394 Pierce Street N, Saint Paul, MN 55104 (MLS# 7104912)

$565,000
394 Pierce Street N
Saint Paul, MN 55104
MLS# 7104912
Status: Closed
7 beds  |  7 baths  |  8544 sqft
394 Pierce Street N, Saint Paul, MN 55104
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394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104 394 Pierce Street N, Saint Paul, MN 55104

Property Description
Investors who have been looking for a clean, cashflowing property, this may be just what you've been looking for! This well maintained 7 unit building is an easy to operate, easy to manage investment at a price that is hard to find in today's market. All seven one bedroom units are occupied, six of the seven residents have been in place for more than two years, and there has been no turnover in the past twelve months. The seller has invested thousands in upgrades, including a new boiler in 2024 and an updated water heater in 2022. Leases already include utility chargebacks for water, sewer, and trash, putting roughly $3,000 per year back on the bottom line. There is also untapped income sitting on the table. Parking and storage are currently offered at no charge, and rents average under $900 against a market in the $970 to $1,050 range. A buyer willing to put in a little work on marketing and presentation, professional photos and floor plans are already on file, has real income upside waiting to be captured. The location could not be more convenient. Centrally positioned between the downtowns, roughly 10 minutes to downtown St Paul and 15 minutes to downtown Minneapolis, just north of I-94, and about a 5 minute walk (0.3 miles) to the Green Line's Snelling Avenue Station. The A Line rapid bus and local routes on Snelling and University are a short walk away, and Allianz Field, Hamline University, and the Midway's shopping and restaurants are all close by. A cared for building with dependable income today and real upside for the buyer ready to roll up their sleeves and capture it.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-09-28
Current Price: 583000
Closed Date: 2026-09-30
Sales Close Price: 583000
Contingency: None
ListPrice: 565000
List Date: 2026-07-30
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront YN: No
Year Built: 1958
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Bedrooms: 7
Baths Total: 7
Foundation Size: 3500
For Sale or Lease: For Sale
Acres: 0.16
Lot Dimensions: 120 x 60
Assessment Pending: No
Location Tax and Other Information
House Number: 394
Street Name: Pierce
Street Suffix: Street
Street Direction Suffix: N
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Milham Park, Ramsey Co, , Minn
Assessments
Assessment Balance: 613.84
Tax With Assessments: 14112
Building Information
Building Finished SqFt: 5696
Building SqFt: 8544
Income and Expenses
Annual Electric Expense: 371
Annual Fuel Expense: 2730.15
Annual Gross Income: 74920
Annual Insurance Expense: 4374.36
Annual Trash Expense: 1968.94
Annual Water/Sewer Expense: 3152.27
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 33
Township#: 29
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Unit 1
Unit Number: 1
Monthly Rent: 973
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Level: Main Level
Unit Total SqFt: 575
Leased?: Yes
Lease Expiration Date: 2027-05-31
No. of 1 Bedroom Units: 7
Unit 2
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 835
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 2
Unit Total SqFt: 575
Unit 3
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 784
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 3
Unit Total SqFt: 500
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 831
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 4
Unit Total SqFt: 585
Unit 5
Full Baths: 1
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 895
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 5
Unit Total SqFt: 575
Unit 6
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 811
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 6
Unit Total SqFt: 575
Unit 7
Full Baths: 1
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1003
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 7
Unit Total SqFt: 875
Unit Details
Total Units: 7
Property Features
Accessible: None
Air Conditioning: Wall Unit(s); Window Unit(s)
Amenities Shared: Coin-op Laundry Leased
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Aluminum Siding
Financing Terms: Conventional
Flooring: Carpet; Luxury Vinyl Plank; Tile
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Lock Box Type: Combo
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Taxes
Parking Characteristics: Parking Lot
Rental License Type: Standard
Roof: Age Over 8 Years
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Heat; Hot Water; Insurance; Sewer; Trash Collection; Water
Water: City Water/Connected

Listing Office: MRG Realty Partners, LLC

Last Updated: September - 30 - 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.

Thursday 1st of October 2026 04:16 AM

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