1945 OAKDALE AVE Saint Paul MN 55118-4610

Marcus & Millichap is pleased to present the exclusive offering of Country Club Manor, a truly unique 105-unit multifamily community located in the heart of West Saint Paul, Minnesota. Nestled along the scenic Southview Country Club and adjacent to Southview Park, the property offers unparalleled views and direct access to tennis courts, basketball courts, and expansive green space.

Originally constructed by the owner of the country club for his daughter, Country Club Manor is a legacy asset currently operating as a senior 55+ community. The serene, community-focused environment and suburban setting make it a sought-after residence for active seniors.

The property spans 5.10 acres and features an ideal unit mix of 30 one-bedroom, 60 two-bedroom, and 15 three-bedroom apartments, with oversized floor plans averaging 1,146 square feet. Residences include large closets, private patios or balconies, dishwashers, and individually controlled central air conditioning.

Community amenities are extensive and include heated underground and surface parking, elevators, an indoor pool with sauna and hot tub, a fitness center, and newly renovated common areas completed in 2025. An outdoor BBQ area overlooking the golf course adds to the property’s lifestyle appeal.

Country Club Manor has benefited from significant capital improvements, including a new roof, 72 replaced balconies, new high-efficiency boilers (installed in 2020 and 2025), updated flooring in approximately 65% of the units, and comprehensive common area upgrades.

In-place assumable financing adds further investment appeal, featuring an accretive interest rate of 3.74% with approximately six years remaining on the term and an outstanding balance of $10.9 million.

With average scheduled rents of $1,472 per month and a thoughtfully curated amenity package tailored to its resident demographic, Country Club Manor presents a rare opportunity to acquire a stabilized, pride-of-ownership asset with attractive in-place cash flow in one of the Twin Cities’ most desirable suburban submarkets.

• Premier location along Southview Country Club and Southview Park, with scenic views and direct access to the golf course, tennis courts and basketball courts

• Attractive assumable financing in place at a 3.74% interest rate with approximately six years remaining and a $10.9 million loan balance, offering immediate cash flow accretion and favorable leverage in today’s high-rate environment.

• Oversized units- Averaging 1,146 SF — significantly larger than typical multifamily units

• Extensive amenities - Including underground parking, indoor pool with sauna and hot tub, fitness center, elevators, and BBQ area overlooking the golf course

• Recent capital improvements include new roof, 72 balcony replacements, new boilers (2020 & 2025), and renovated common areas

• Strong in-place rents averaging $1,472/month with a stable, lifestyle-oriented tenant base and limited comparable supply in the submarket