Property for Sale in Saint Paul
1024 Ross Avenue
Saint Paul, MN 55106
Property Details
Year Built
2004
Square Feet
4,048
Parking Features
Asphalt,Unassigned
Zoning
Residential-Multi-Family
2025 Property Taxes
$10,100
School District
St. Paul
County
Ramsey
A rare chance to acquire a modern, fully occupied multifamily building (built 2004) in Saint Paul with strong, immediate positive cash flow and built-in upside potential. Price includes adjacent, vacant lot at 1020 Ross Ave, which currently serves as tenant green space and garden. 5 rented units currently generating income — all units are leased with long-term, reliable tenants in place, providing stable monthly cash flow from day one. Proven performer: The building is in excellent condition for its age, with identical or near-identical layouts (most units ~1,000 sq ft, 2 bed/1 bath), minimizing maintenance surprises and appealing to a wide tenant pool. Significant value-add opportunity: Configure and add a sixth unit to boost rental income and overall NOI substantially — ideal for an investor looking to increase returns through light renovations or reconfiguration (buyer to verify feasibility with city permitting). Modern construction advantages: Built in 2004 (6,048 sq ft total), offering lower capex compared to older properties, better energy efficiency, and stronger tenant retention. Prime East Side location: Convenient access to amenities, employment centers, transit, and downtown Saint Paul, supporting consistent occupancy and rent growth potential in a steadily appreciating market. This property delivers immediate positive cash flow from 5 occupied units while offering clear upside to add a sixth unit for enhanced yields. Fully turnkey with tenants in place — perfect for portfolio expansion.
Keep right at United States Highway 52 E/I-94 E/US-52 E/US-12 E about 0.8 mi, less than 1 min Take exit 243 on the left onto 6th St E about 0.3 mi, less than 1 min Keep straight on at 6th St E toward Metro State Univ 0.5 mi, about 2 min Bear left at
Features
Utilities
Heating Separate
Cooling
Central Air
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Dishwasher,Microwave,Refrigerator
Listed By
James Bromenschenkel of Minnesota Realty Guide, LLC
Listed
03/12/26 and last updated 03/13/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
