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30019155
30019164

195 Lexington Pkwy N, Saint Paul, MN 55104

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.
Unpriced
121 days on market
Updated 0 days ago
Under Contract

The Lexington

Details
APN 03-28-23-11-0083
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,560
Net Rentable (SqFt) 10,560
Units 13
Occupancy 100%
Broker Co-Op Yes
Class C
Year Built 1921
Year Renovated 2000
Buildings 2
Stories 4
Acreage 0.350
Zoning Multi-Family
Parking Spaces 13 per unit
Investment Type Value Add
Ownership 100%
Sale Condition 1031 exchange

Newer Roofs & Heating System / Solid 8% Cap

Marketing description

Introducing The Lexington at 195 Lexington Pkwy N, a captivating investment opportunity with thirteen meticulously crafted one-bedroom apartments in Saint Paul, MN. Boasting a charming all-brick exterior and recent roof replacements, this four-story property exudes timeless appeal. Situated on a spacious 0.35-acre double corner lot, the asset includes twelve detached garages and a welcoming patio area for residents. Each unit features original oak hardwood floors and trim, complemented by a new hot water boiler system. With tenant-owned window A/C units and on-site coin-operated laundry facilities, the property offers convenience and comfort. The meticulous attention to detail extends to the financials, with a steady rental income and attractive cap rate. Don't miss this ideal opportunity for a 1031 IRC Tax Exchange, where historic charm meets modern-day convenience at The Lexington.

Investment highlights

This is a unique opportunity to acquire thirteen well-appointed apartments located in the heart of the Summit University and Union Park neighborhoods of Saint Paul, Minnesota. Stunning curb appeal, featuring 100% all brick and stone exterior. All the roofs have recently been replaced in 2021. The unit mix is all one bedroom, one bath with original oak hardwood floors and trim. Newer hot water boiler system and water heaters. Large double corner lot with over 0.35+ acres, twelve detached garages and a patio area for residents. This asset is the perfect property to buy in your 1031 IRC Tax Exchange!!

The neighborhood is centrally located and offers numerous restaurants, coffee shops, and parks, such as Linwood, Merriam, Iris, Cathedral Hill, and Western Sculpture Parks. Highly walkable with great access to public transportation along Lexington and the University METRO Green Line light rail. Just north of the historic Summit avenue with affluent mansions, churches, and colleges.

Listing Contacts

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.

Valuation Calculator

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Loan Amount
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Annual Cash Flow
$103,067.00
$8,588.92/mo

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Map

Zoning

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RM2 ResidentialMulti FamilyMedium Density Multiple Family Residential
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Nathan Opatz
License
MN #40329256
Brokerage
Apartment Cash Flow Inc.
Brokerage Phone
651-263-3653
Title
Real Estate Broker
Brokerage Address
1303 River Ridge Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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