Anand Prashad, Broker
Property Description
Classic Cathedral Hill 8-unit apartment building consisting entirely of 1BR/1BA units (675 SF each) in one of St Pauls most desirable historic neighborhoods. Property is currently 100 percent occupied with strong in-place cash flow and monthly gross rents of $7,733. Residents enjoy walkable access to restaurants, cafes, shops, and neighborhood amenities along the Selby and Western corridor.Features include coin-operated laundry and separately metered gas and electric currently paid directly by tenants. Ownership is implementing a RUBS utility reimbursement system across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies. Excellent opportunity for investors seeking long-term value-add potential in a highly stable rental location.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: None
Fuel Type: Natural Gas
Heating: Boiler, Hot Water, Radiator
Lot Size: 0.16 Acres
Roof Type: Age Over 8 Years, Flat, Rubber
Stories: 2.0
Taxes: $15,694
Year Built: 1911
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Block, Full, Owner Access, Shared Access, Storage/Locker, Storage Space
Current Use: Residential
Days on Site: 111
Exterior: Block, Brick, Concrete, Frame
Foundation Size: 2695
Handicap Accessible: Doors 36+, Hallways 42+
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 120 x 60
Owners Expense: Electricity, Gas, Heat, Hot Water, Sewer, See Remarks, Taxes, Trash Collection, Water
Parcel#: 012823120016
Parking: Gravel, On-Street Parking Only
Road Frontage: City Street
Sale Includes: Building, Fixture/Equipment, Leases, Rental License
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Electricity, Gas, See Remarks
Units: 8
Utilities: Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Listed By
Agency Name: Gold Group Realty, LLC
Agency Phone: 612-382-4774
Shown By
Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty
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293 Dayton Avenue | MLS# 7075005
This commercial property located at 293 Dayton Avenue, Saint Paul, MN 55102 is currently listed for sale with an asking price of $745,750. Dayton Avenue is located within the St. Paul school district. Search Saint Paul real estate on aprashad.counselorrealty.com today.