Home › , Saint Paul, MN 55104 (MLS# 7105205)

, Saint Paul, MN 55104 (MLS# 7105205)

$720,000
Saint Paul, MN 55104
MLS# 7105205
8 beds  |  8 baths
Saint Paul, MN 55104
  1 / 5  
Saint Paul, MN 55104 Saint Paul, MN 55104 Saint Paul, MN 55104 Saint Paul, MN 55104 Saint Paul, MN 55104

Property Description
1562 Edmund Avenue presents a premier opportunity to acquire a fully occupied, turnkey 8-unit apartment community situated in the heart of St. Paul's vibrant Hamline-Midway neighborhood. Offered at an accessible price point of $720,000 ($90,000/unit), this classic asset delivers immediate, stable cash flow from day one, serving as an ideal vehicle for both private capital investors seeking reliable yield and seasoned operators looking to expand their Twin Cities footprint. This building features highly functional, easy-to-manage layouts that are perpetually in high demand. Tenants benefit from on-site, coin-operated laundry infrastructure located in the basement, while landlord expenses are streamlined by efficient utility structures. Each tenant has their own electric and gas meters.

Details
Contract Information
Status: Active
Current Price: 720000
Contingency: None
ListPrice: 720000
List Date: 2026-07-07
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1913
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 8
Foundation Size: 1456
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 60x122x57x118
Assessment Pending: No
Location Tax and Other Information
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Hamline Syndicate Add, No3
Assessments
Tax With Assessments: 12016
Building Information
Building Finished SqFt: 4370
Income and Expenses
Annual Electric Expense: 1000
Annual Gross Expenses: 39996
Annual Gross Income: 67284
Annual Insurance Expense: 8163.25
Annual Maintenance Expense: 2781
Annual Net Income: 28197
Annual Repair Expense: 4537
Annual Trash Expense: 5400
Annual Water/Sewer Expense: 3523
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 29
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Total SqFt: 600
Leased?: No
No. of 1 Bedroom Units: 8
Unit 2
Full Baths: 1
Lease Expiration Date: 2027-06-30
Leased?: Yes
Monthly Rent: 995
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 2
Unit Total SqFt: 600
Unit 3
Full Baths: 1
Lease Expiration Date: 2027-06-30
Leased?: Yes
Monthly Rent: 950
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 3
Unit Total SqFt: 600
Unit 4
Full Baths: 1
Lease Expiration Date: 2027-01-31
Leased?: Yes
Monthly Rent: 927
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 4
Unit Total SqFt: 675
Unit 5
Full Baths: 1
Lease Expiration Date: 2027-05-31
Leased?: Yes
Monthly Rent: 1100
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 5
Unit Total SqFt: 600
Unit 6
Full Baths: 1
Lease Expiration Date: 2026-08-31
Leased?: Yes
Monthly Rent: 890
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 6
Unit Total SqFt: 600
Unit 7
Full Baths: 1
Lease Expiration Date: 2027-01-31
Leased?: Yes
Monthly Rent: 772
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 7
Unit Total SqFt: 600
Unit 8
Full Baths: 1
Leased?: No
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 8
Unit Total SqFt: 410
Unit Details
Total Units: 8
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Stucco
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Boiler; Other
On Site Utilities: Electric Common
Owner Pays: Trash Collection; Water
Roof: Asphalt Shingles; Flat; Pitched
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas
Water: City Water/Connected

Listing Office: Financially Free, LLC

Last Updated: July - 08 - 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.

Friday 10th of July 2026 06:42 PM

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