Listed by MRG Realty Partners
$400,000
Maple Suites
Details
APN 322922140007
Property Type Multifamily
Sub Type Apartment Building
Units 5
Occupancy 100%
Pro-Forma Cap Rate 7.57%
Pro-Forma NOI $30,291
Class C
Year Built 1904
Stories 2
Acreage 0.126
Zoning H2
Investment Type Value Add
Ownership Individual
5-Unit Multifamily - St. Paul, MN - New Roof (2026)
Marketing description
389 Maple St is a fully occupied 5-unit multifamily property located in St. Paul, MN. A brand new roof with roof decking was installed in April 2026. Other improvements include new carpet in unit B (2026), full basement clean out, and general landscaping cleanup. The property features a mix of 1-bedroom and studio units and is currently enrolled in the 4D tax program that reduces property taxes by up to 80%, providing significant tax savings.
Call Luke at 651-428-7814 for more information and to schedule a private viewing.
Investment highlights
- Brand new roof and roof decking: April 2026
- $80,000 per unit
- Mix of 1-bed and studio units
- The property is enrolled in the 4D tax program that reduced property taxes by up to 80%
- Value-Add opportunity
Listing Contacts
Listed by MRG Realty Partners
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Zoning
H2 ResidentialMulti FamilyResidential
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View all 41 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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