1530 Sherburne Avenue
12-Units - Multifamily in St. Paul, MN
Marketing description
1530 Sherburne Ave is a fully occupied 12-unit multifamily in St. Paul's Midway neighborhood, just blocks from Allianz Field and the Green Line light rail. The building is made up of twelve 1BR/1BA units, each with a rear patio overlooking a private tenant courtyard, and includes two coin-operated laundry sets on site. Recent improvements include a complete basement cleanout, drywall repairs and fresh paint in common area stairwells, and unit updates throughout. The property entered the St. Paul 4d Affordable Housing Incentive Program in 2026, cutting property taxes from $21,784 in 2025 to roughly $5,388 in 2026, which is the centerpiece of the pro-forma along with the completion of five heavy unit turns in 2025.
Contact Luke Hermanson at 651-428-7814 or [email protected] for the full financial package and to schedule a tour.
Investment highlights
- 12 large 1-bedroom units
- 100% Occupied
- $87,500/Unit
- $81,735 Proforma NOI
- Laundry On-Site
- Unit Storage Lockers
- Enrolled in 4D Tax Program
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