412, 418, 422 Pierce Street N, Saint Paul, MN 55104

Overview

Description

412, 418 & 422 Pierce Street is a 3 building, 15 unit complex near the new Allianz Field in the Snelling / Midway neighborhood of St. Paul. Each unit includes 2 bedrooms and 1 bathroom. The buildings were both completely renovated approximately 6 years ago, featuring granite countertops & stainless appliances. The roof of 418 was recently replaced. This is a 1 property of a portfolio. See 184 Saratoga MLS #6702604, / 382 Fry St - MLS #6702960 / 386 Fry St - MLS #6702957 / 423 Fry St - MLS# 6702947 / 429 Fry St - MLS #6702936. Seller prefers to sell these as a package. Willing to look at individual offers on each property. They offer immediate cash flow and long-term upside potential. Creating a rare chance to acquire largely renovated, stabilized assets in a prime urban location.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 14
Owner Occupied: No
Waterfront Present: No
Year Built: 1926
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4752
For Sale or Lease: For Sale
Acres: 0.14
Lot Dimensions: 120 x 111
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Window Unit(s) CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Stucco Foundation: Other Fuel: Natural Gas Heating: Boiler; Steam On Site Utilities: Electric Separate Parking Characteristics: Parking Lot; Assigned; Paved Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2025-11-24
Contingency: None
ListPrice: 1449000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 412, 418, 422
Street Name: Pierce
Street Suffix: Street
Street Direction Suffix: N
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Milham Park, Ramsey Co, , Minn

Assessments

Tax With Assessments: 12364
Assessment Balance: 0

Building Information

Building Finished SqFt: 14937
Building SqFt: 14937

More Information

Income and Expenses

Annual Fuel Expense: 11000
Annual Gross Expenses: 51073
Annual Gross Income: 201492
Annual Insurance Expense: 20396
Annual Maintenance Expense: 8000
Annual Repair Expense: 5077
Annual Trash Expense: 3600
Annual Water/Sewer Expense: 3000
Total Annual Expenses: 50172
Annual Caretaker Expense: 0
Annual Electric Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 33
Township#: 29

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Leased?: Yes
Lease Expiration Date: 2025-08-31

Unit 2

No. of 2 Bedroom Units: 15

Unit Details

Total Units: 15

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: MILHAM PARK RAMSEY CO MINN S 35 FT OF LOT 26 AND N 2O FT OF LOT 25 BLK 3
Listing City: Saint Paul
Map Page: 107
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Zip Plus 4: 3
Property ID Number: 332923410111
Tax Year: 2024
Tax Amount: 34451
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 412, 418 & 422 Pierce Street is a 3 building, 15 unit complex near the new Allianz Field in the Snelling / Midway neighborhood of St. Paul. Each unit includes 2 bedrooms and 1 bathroom. The buildings were both completely renovated approximately 6 years ago, featuring granite countertops & stainless appliances. The roof of 418 was recently replaced. This is a 1 property of a portfolio. See 184 Saratoga MLS #6702604, / 382 Fry St - MLS #6702960 / 386 Fry St - MLS #6702957 / 423 Fry St - MLS# 6702947 / 429 Fry St - MLS #6702936. Seller prefers to sell these as a package. Willing to look at individual offers on each property. They offer immediate cash flow and long-term upside potential. Creating a rare chance to acquire largely renovated, stabilized assets in a prime urban location.
Directions: Highway 94 to Snelling north to shields west to Pierce

Accessible

None: Yes

Air Conditioning

Window Unit(s): Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Steam: Yes

Parking Characteristics

Parking Lot: Yes
Assigned: Yes
Paved Lot: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes