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For sale by owner
  • $780,000

    1232 Marshall Ave, Saint Paul, MN 55104

    12beds
    6,120sqft
    : 
    $5,040/mo
    Get pre-qualified
    MultiFamily
    Built in 1917
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    Overview

    Turnkey 6-Unit Apartment Building in St. Paul – Strong Cash Flow & High Demand Potential. Closely Located to Concordia University Price: $ 780,000.00 Property Type: Multi-Family (6-Unit Apartment Building) Unit Mix: Six 2-Bedroom / 1-Bathroom Units Location: Lexington-Hamline / Midway Area (Near Concordia University), St. Paul, MN Contact: Danika at 612-470-6092 or email Marshallave6units@gmail.com
    What the owner loves about this home
    Incredible, high-demand investment opportunity to own a fully leased 6-unit apartment building positioned blocks from Concordia University St. Paul. This stable, cash-flowing asset consists entirely of spacious 2-bedroom, 1-bathroom units, making it highly desirable for students, professionals, and small families. With low-maintenance and an unbeatable location, this property offers an immediate return on investment with excellent long-term appreciation potential. Perfect for an investor looking for immediate, stable cash flow with additional value-add potential. Property selling as is. Unit & Building Features Spacious Layouts: Each unit features large living areas, functional kitchens, and ample closet space. On-Site Amenities: 4 off-street parking spaces, on street parking and coin-operated laundry for extra income. Storage: Clean basement with potential for additional storage options. Location Benefits University Hub: Located steps from Concordia University St. Paul, ensuring a consistent, built-in tenant pool year after year. Excellent Transit: Walking distance to the METRO Green Line light rail and major bus lines on University Ave and Marshall Ave. Quick access to I-94. High Walkability: Minutes from local favorites, grocery stores, Allianz Field, and the bustling dining and retail districts of the Midway and Merriam Park neighborhoods. Terms & Showing Information Sale Type: For Sale By Owner (FSBO). As Is Showings: Available by appointment only to qualified buyers. Please do not disturb the tenants. Proof of Funds: Financial verification or a bank pre-approval letter is required prior to scheduling a tour. Don't miss out on this exceptional multi-family asset! Contact the owner today to schedule your private viewing.
    15 days
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    233
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    11
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    Listed by:

    Property Owner (612) 470-6092

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Interior area
      • Total interior livable area: 6,120 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Off-street, On-street
      Lot
      • Size: 5,184 Square Feet
      Details
      • Parcel number: 032823120002

      Construction

      Type & style
      • Home type: MultiFamily
      Condition
      • New construction: No
      • Year built: 1917

      Community & HOA

      Location
      • Region: Saint Paul

      Financial & listing details

      • Price per square foot: $127/sqft
      • Tax assessed value: $52,300
      • Annual tax amount: $1,248
      • Date on market: 7/9/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,086/mo

        Price history

        DateEventPrice
        7/9/2026Listed for sale$780,000-3.7%$127/sqft
        Source: Owner Report a problem
        7/1/2026Listing removed$1,500
        Source: Zillow Rentals Report a problem
        6/15/2026Listed for rent$1,500+3.4%
        Source: Zillow Rentals Report a problem
        3/27/2026Listing removed$1,450
        Source: Zillow Rentals Report a problem
        3/10/2026Listed for rent$1,450-3.3%
        Source: Zillow Rentals Report a problem
        2/3/2026Listing removed$1,500
        Source: Zillow Rentals Report a problem
        1/12/2026Listed for rent$1,500+3.4%
        Source: Zillow Rentals Report a problem
        12/12/2025Listing removed$1,450
        Source: Zillow Rentals Report a problem
        9/30/2025Listed for rent$1,450
        Source: Zillow Rentals Report a problem
        5/7/2025Listing removed$810,000$132/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6711458 Report a problem
        4/28/2025Listed for sale$810,000$132/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6711458 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,248 +26.6%$52,300
        2024$986 +0.4%$52,300
        2023$982 -3.7%$52,300
        2022$1,020 +3.7%$52,300
        2021$984 -7.3%$52,300
        2020$1,062 +1.5%$52,300 +0.4%
        2019$1,046 $52,100
        2018$1,046 $52,100
        2017$1,046 $52,100
        2016$1,046 --
        2015-- $41,700
        2014-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Merriam Park

        Getting around

        71 / 100
        Very Walkable
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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