Home › 503 Ohio Street, Saint Paul, MN 55107 (MLS# 6800418)

503 Ohio Street, Saint Paul, MN 55107 (MLS# 6800418)

$1,695,000
503 Ohio Street
Saint Paul, MN 55107
MLS# 6800418
Status: Closed

503 Ohio Street, Saint Paul, MN 55107
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503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107 Screenshot 2025-09-11 at 10.07.35 AM.png 503 Ohio Street, Saint Paul, MN 55107 503 Ohio Street, Saint Paul, MN 55107

Property Description
Ohio Apartments offers a new owner a turn-key investment opportunity with 15 well-appointed units plus 8 garages. The unit mix consists of 8 two-bedroom, 1 bath and 7 one-bedroom, 1 bath apartments spread out over three full stories built in 1968. Charming curb appeal with the brick exterior in great condition, newer vinyl double pane windows, newer gutter downspouts and roof facia, plus a decorative black front entrance awning. This apartment complex is resting on almost a half acre and nicely landscaped with a newer asphalt parking lot and an attractive retaining wall. All but one of the apartments has been renovated with luxury vinyl plank flooring, new kitchen cabinets and hardware, quartz countertops, stainless steel energy efficient appliance package including dishwashers, carpet in bedrooms, and ceiling fans. The building has received newer vinyl replacement windows throughout and the common spaces were recently carpeted and freshly painted. The laundry room has been remodeled and offers tenants coin-operated speed queen washers and dryers with credit card readers. This asset is definately in above average condition and would make the perfect 1031 tax exchange purchase or syndication. Very low historical vacancy and super easy to rent being close to downtown Saint Paul, MN, West St.Paul and Mendota Heights, MN. Two blocks from Cherokee Park and the high bridge.

Details
Maps
Documents
Contract Information
Status: Closed
Off Market Date: 2025-11-14
Current Price: 1650000
Closed Date: 2026-02-09
Sales Close Price: 1650000
Contingency: None
ListPrice: 1695000
List Date: 2025-10-07
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 15
Owner Occupied: No
Waterfront Present: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4500
Garage Stalls: 8
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.41
Lot Dimensions: 100 x 200
Location Tax and Other Information
House Number: 503
Street Name: Ohio
Street Suffix: Street
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55107
Complex/Dev/Subdivision: Dawsons Add
Assessments
Tax With Assessments: 30606
Building Information
Building Finished SqFt: 14000
Building SqFt: 14000
Ceiling Height: 8-10
Income and Expenses
Annual Electric Expense: 2397
Annual Fuel Expense: 6950
Annual Gross Expenses: 83062
Annual Gross Income: 208074
Annual Insurance Expense: 8500
Annual Net Income: 125011
Annual Repair Expense: 7500
Annual Trash Expense: 7387
Annual Water/Sewer Expense: 5222
Total Annual Expenses: 83062
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 07
Township#: 28
Sale Options
Sale Includes: Building, Land, Leases, Rental License
Unit 1
No. of 1 Bedroom Units: 7
Unit 2
No. of 2 Bedroom Units: 8
Unit Details
Total Units: 15
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Unit: Ceiling Fan(s); Walk-In Closet
Appliances: Dishwasher; Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Full
CMU Style: Apartments/Multi Family
Construction Materials: Block; Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone
Fencing: None
Financing Terms: Conventional
Flooring: Carpet; Luxury Vinyl Plank; Tile
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Lot Description: Corner Lot; Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Parking Lot
Pool Description: None
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
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Electricity
Topography: Hilly
Wall Description: Plaster
Water: City Water/Connected
Window Features: Double Pane Windows

Listing Office: Apartment Cash Flow, Inc.

Last Updated: February - 09 - 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.

Saturday 30th of May 2026 05:06 PM

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