WilliamRobert Apartment Advisors
Listed by WilliamRobert Apartment Advisors
$1,550,000
1702 Laurel Ave, St Paul MN
Details
APN 04-28-23-13-0001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,528
Net Rentable (SqFt) 15,000
Units 13
Cap Rate 6.25%
NOI $96,880
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $105,753
Class B
Year Built 1920
Year Renovated 2019,2020
Buildings 1
Stories 2
Lot Size (SqFt) 8,276
Zoning R-4
Parking Spaces 2 spaces
Parking Per SqFt 0.16
Fantastic Merriam Park 13 Unit
Marketing description
Residents of Merriam Park East find abundant shopping opportunities at local stores up and down Marshall Boulevard and Summit Avenue, while the Town and Country Club to the west beckons golfers. The winding Mississippi River and St Thomas University, less than a mile away, provide beautiful walking and jogging opportunities. Fantastic opportunity to own a quality asset in an excellent location.
Investment highlights
Near perfect 13 unit with the pride of long term ownership. 12 - 1 bedroom units and 1 - 2 bedroom unit with significant upgrades. Immaculate Kitchens and baths, all renovated since 2019. The roof and boiler are new in 2020. Many long term residents and almost zero vacancy.
Listing Contacts
WilliamRobert Apartment Advisors
Listed by WilliamRobert Apartment Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,880.00
$8,073.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
H1 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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