USAMNSaint PaulMilham Park, Ramsey Co, , Minn394 Pierce Street N
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$565,000

For Sale

11 hours ago

394 Pierce Street N, Saint Paul, MN

House

MLS® 7104912

7 Bed

7 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $13,498
Days Active 1
Lot Size 0.162 Acres
Approx. Age 1958
MLS® Number 7104912

Property Address: 394 Pierce Street N, Saint Paul, MN, 55104

Average square foot calculated using Size range provided by listing agent.

Description

Investors who have been looking for a clean, cashflowing property, this may be just what you've been looking for! This well maintained 7 unit building is an easy to operate, easy to manage investment at a price that is hard to find in today's market. All seven one bedroom units are occupied, six of the seven residents have been in place for more than two years, and there has been no turnover in the past twelve months. The seller has invested thousands in upgrades, including a new boiler in 2024 and an updated water heater in 2022. Leases already include utility chargebacks for water, sewer, and trash, putting roughly $3, 000 per year back on the bottom line. There is also untapped income sitting on the table. Parking and storage are currently offered at no charge, and rents average under $900 against a market in the $970 to $1, 050 range. A buyer willing to put in a little work on marketing and presentation, professional photos and floor plans are already on file, has real income upside waiting to be captured. The location could not be more convenient. Centrally positioned between the downtowns, roughly 10 minutes to downtown St Paul and 15 minutes to downtown Minneapolis, just north of I-94, and about a 5 minute walk (0.3 miles) to the Green Line's Snelling Avenue Station. The A Line rapid bus and local routes on Snelling and University are a short walk away, and Allianz Field, Hamline University, and the Midway's shopping and restaurants are all close by. A cared for building with dependable income today and real upside for the buyer ready to roll up their sleeves and capture it.
MLS® Number7104912
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayParking Lot
Garage Spaces
HeatBoiler
A/CWall Unit(s), Window Unit(s)

Extras

Building, Land, Leases, Rental License

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$565,000List Price
  • Commute

Commute

Starting Address
Destination Address
394 Pierce Street N, Saint Paul, MN

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