1041 Osceola Avenue, Saint Paul, MN 55105

$732,000
Property Type: Commercial Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $732,000 List Date: 4/02/2026 Last Modified: 4/09/2026

Overview

Description

This is a unique opportunity to acquire a well-maintained six-unit apartment building located in the highly desirable Summit Hill neighborhood of Saint Paul, Minnesota. Strong in-place income of approximately $86,000 annually with a 7.8% cap rate, featuring two newly built units and major recent capital improvements including a brand-new roof and boiler system. The property is ideally positioned near Grand Avenue with convenient access to I-94 and 35W, offering strong rents, low vacancy, and proximity to major retail, restaurants, and transportation corridors. This asset presents an excellent opportunity for both turnkey and long-term value-add investors seeking stable cash flow and long-term appreciation in one of Saint Paul’s most established rental markets.

Listing Details MLS# 7048283

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Waterfront Present
No
Year Built
1921
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3294
For Sale or Lease
For Sale
Acres
0.14
Lot Dimensions
6940
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: Partially Wheelchair CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Common Parking Characteristics: Unassigned Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
732000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1041
Street Name
Osceola
Street Suffix
Avenue
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55105
Complex/Dev/Subdivision
Bryants Park Addition, No 4,

Assessments

Tax With Assessments
14114
Assessment Balance
0

Building Information

Building Finished SqFt
5918

More Information

Income and Expenses

Annual Gross Expenses
33347
Annual Gross Income
90504
Annual Insurance Expense
4948
Annual Net Income
57157
Total Annual Expenses
33347

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
02
Township#
28

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

Unit Number
Yes

Unit Details

Total Units
6

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BRYANTS PARK ADDITION NO 4 EX N 2O FT LOT 1 BLK 1
Listing City
Saint Paul
Map Page
121
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Zip Plus 4
1922
Property ID Number
022823330126
Tax Year
2025
Tax Amount
14114
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This is a unique opportunity to acquire a well-maintained six-unit apartment building located in the highly desirable Summit Hill neighborhood of Saint Paul, Minnesota. Strong in-place income of approximately $86,000 annually with a 7.8% cap rate, featuring two newly built units and major recent capital improvements including a brand-new roof and boiler system. The property is ideally positioned near Grand Avenue with convenient access to I-94 and 35W, offering strong rents, low vacancy, and proximity to major retail, restaurants, and transportation corridors. This asset presents an excellent opportunity for both turnkey and long-term value-add investors seeking stable cash flow and long-term appreciation in one of Saint Paul’s most established rental markets.
Directions
Located at the the intersection of Osceola Ave and S Oxford ST, across the Street from Global Arts Plus-Lower Campus and West of the Saint Paul Tennis Club.

Accessible

Partially Wheelchair
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Parking Characteristics

Unassigned
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes
Listing Office: Matthews Real Estate Investment Solutions
IDX
Last Updated: April - 09 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.