Michael Hunstad - Managing Broker
Real Estate is moving...and so are my clients!
REALTOR®, ABR, e-Pro, SFR, CRS & Broker
(612) 840-1224
Property Description
Rare opportunity to acquire one of the largest multifamily properties in the portfolio consisting of two joined and nearly identical brick buildings totaling 8 residential units. Unit mix includes four 1-bedroom units, two 3-bedroom units, and two exceptionally large 4-bedroom multi-level units, creating strong tenant demand across multiple renter profiles.Situated on a corner lot in a highly accessible St Paul location, the property features off-street parking, detached garage space for parking or storage, and spacious unit layouts uncommon for traditional multifamily properties. Strong brick exterior construction, stable rental history, and proximity to public transportation, shopping, restaurants, and major transportation corridors support long-term investment stability.Utilities are currently partially owner-paid with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026, creating additional NOI upside potential through utility cost recovery and operational efficiencies.
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: None
Fuel Type: Electric, Natural Gas
Garage: 2
Heating: Boiler, Hot Water, Radiator
Lot Size: 0.22 Acres
Roof Type: Age Over 8 Years, Asphalt, Pitched
Stories: 2.0
Taxes: $18,719
Year Built: 1888
Feature Descriptions
Appliances: Gas Water Heater, Range, Refrigerator
Basement: Block, Daylight/Lookout Windows, Egress Window(s), Full, Owner Access, Partially Finished, Shared Access, Storage Space
Current Use: Residential
Days on Site: 108
Exterior: Block, Brick, Concrete, Frame
Foundation Size: 4835
Handicap Accessible: Doors 36+, Hallways 42+
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 80 x 120
Owners Expense: Electricity, Gas, See Remarks, Trash Collection, Water
Parcel#: 022823110032
Parking: Detached Garage, Gravel, Unassigned
Road Frontage: City Street, Curbs, Paved Streets
Sale Includes: Building, Fixture/Equipment, Leases, Rental License
Sewer: City Sewer/Connected
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: Michael Hunstad - Managing Broker
Agent Phone: (612) 840-1224
Agency Title: Counselor Realty
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732 Marshall Avenue | MLS# 7074753
This commercial property located at 732 Marshall Avenue, Saint Paul, MN 55104 is currently listed for sale with an asking price of $997,500. Marshall Avenue is located within the St. Paul school district. Search Saint Paul real estate on www.homesbyhunstad.com today.