Property Description

Strong multifamily investment opportunity in St Pauls highly desirable Cathedral Hill / Selby-Dale neighborhood. This 6-unit apartment building offers stable occupancy, strong long-term rental demand, and significant value-add potential in one of the citys most established and consistently sought-after neighborhoods. The property is currently 100 percent occupied and located within walking distance of Mississippi Market Co-Op, Selby and Dale restaurants, cafes, bars, shopping, and public transportation. Residents benefit from the neighborhoods historic character, walkability, and convenient access to both downtown St Paul and major transit corridors. Additional features include on-site coin-operated laundry in the basement. Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026. Future ownership will have the opportunity to improve NOI through utility cost recovery and operational efficiencies. Excellent opportunity to acquire a stable, cash-flowing asset in one of St Pauls premier multifamily neighborhoods.