394 Pierce ST N Saint Paul, MN 55104
7 Beds
7 Baths
7,056 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Milham Park, Ramsey Co, , Minn
MLS Listing ID 7104912
Bedrooms 7
Year Built 1958
Annual Tax Amount $13,498
Tax Year 2026
Contingent None
Lot Size 7,056 Sqft
Lot Dimensions 120 x 60
Property Description
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.
Location
State MN
County Ramsey
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Boiler
Cooling Wall Unit(s), Window Unit(s)
Flooring Carpet, Luxury Vinyl Plank, Tile
Inclusions Building, Land, Leases, Rental License
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age Over 8 Years
Present Use Residential
Building
Story Two
Foundation 3500
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District St. Paul
NEARBY SCHOOLS & PROPERTIES