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$1,500,000

0 Beds 0 Baths 10,828 SQFT 0.16 Acres
Type: Commercial

399 Ashland Avenue
Saint Paul, MN 55102

MLS#: 7133951
Leanda Andrade
Leanda Andrade
The Real Estate Advantage
Realtor
Phone: 612.222.0159
Office: 763.755.1100
Presented by: Apartment Cash Flow, Inc.

Property Description

 

This stately 19-unit investment property is over 10,500+ square feet with loads of charm and historic character. Originally built in 1890 as a side-by-side duplex it now offers nineteen one-bedroom and studio apartments. Three units are full one bedroom, one bathroom units. Sixteen of the units share 6 common area bathrooms. All the units have either a full-size kitchen or a kitchenette. The exterior is all brick and stone and features a newer roof. Tall ceiling heights and skylights!! Located in one of the most sought after neighborhoods in Saint Paul, Minnesota. Cathedral Hill or Summit Hill is the cities most historic and charming neighborhoods! From its stunning architecture and beautiful real estate to its rich history and vibrant community, this area offers an unforgettable experience for residents and visitors alike. Breathtaking historic homes, iconic landmarks, and some of the best restaurants in the state—including local favorites like WA Frost, known for its incredible ambiance and elevated dining experience. PROPERTY FACTS Year Built: 1890 Units: 19 garden style apartments Square Footage: Building total 10,828 sqft Zoning: Multiple-dwelling Parking: 4 off-street parking spots Exterior: All-brick and stone exterior Heating: Two hot water boilers / caravan slant fin Air Conditioning: Window air conditioners / tenants provide Roof: A combination of newer pitched asphalt roofing and flat rubber roofing Patios: The front offers two smaller patios for residents to enjoy Laundry: Two sets of coin laundry machines / seller owned Storage: Basement has plenty of extra storage areas UNIT DESCRIPTION 16 - Studio with Kitchenette - Approx. 275+ Sqft. / Average rent $738.53 3 - One Bedroom, One Bath - Approx. 600+ Sqft / Average rent $1,221.67


 

Interior Features

Other Interior Features

BasementFull
Basement (Y/N)Yes
Ceiling Height11-15
FuelNatural Gas
Garage Square Feet0

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CitySaint Paul
Construction MaterialsBrick, Stone
ContingencyNone
CoolingWindow Unit(s)
CountyRamsey
Current UseResidential
DirectionsFrom the corner of Selby and Western / go south two blocks to Ashland / go west 4 properties and then you are there
Electric Expense1500
Fuel Expense8000
Garage Spaces0
Gross Income188785
HeatingBoiler, Hot Water
High School DistrictSt. Paul
Insurance Expense12000
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense6000
Net Operating Income102950
New ConstructionNo
Number Of Units Total19
Operating Expense85835
OwnerPaysElectricity, Gas, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Possible UseOffice, Other, Professional Service, Income
PostalCitySaint Paul
Property TypeCommercial Sale
RoofAge 8 Years or Less, Asphalt, Flat, Pitched, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWoodland Park Addition, To St
Tax Annual Amount$24,446
Tax Year2026
TopographyHilly
Trash Expense3000
UtilitiesElectric Common, Heating Common, Hot Water Common
Water Sewer Expense9000
Year Built1890
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total10,828 sqft
Foundation Area3,600 sqft
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions50 x 144
Lot FeaturesTree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesParking Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$1,500,000

0 Beds 0 Baths 10,828 SQFT 0.16 Acres
Type: Commercial

399 Ashland Avenue
Saint Paul, MN 55102

MLS#: 7133951
Leanda Andrade
Leanda Andrade
The Real Estate Advantage
Realtor
Phone: 612.222.0159
Office: 763.755.1100