Property for Sale in Saint Paul
1232 Marshall Avenue
Saint Paul, MN 55104
Property Details
Year Built
1917
Square Feet
6,120
Parking Features
Gravel,Parking Lot
Zoning
Business/Commercial, Other
2025 Property Taxes
$14,203
School District
St. Paul
County
Ramsey
Exceptionally located across the street from Concordia University, this fully occupied 6-unit apartment building offers strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors. Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building—an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas. Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they’re just minutes from Trader Joe’s, Whole Foods, and an exciting local dining scene. A rare opportunity in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.
Features
Utilities
Electric Separate,Hot Water Common
Cooling
Window Unit(s)
Heating
Baseboard,Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Range,Refrigerator
Listed By
Dylan Maitland of RE/MAX Results
Listed
05/07/25 and last updated 06/05/25

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