For Sale Commercial MLS# 7074753

732 Marshall Avenue

Saint Paul, MN 55104

$997,500

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About 732 Marshall Avenue

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 details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1888
Stories
Two
Living area
15,405 sqft
Price / sqft
$65
Lot
0.223
Original price
$1,247,350
MLS #
7074753

Interior

Features
Boiler, Hot Water, Radiator, Block, Daylight/Lookout Windows, Egress Window(s), Full, Owner Access, Partially Finished, Shared Access, Storage Space, Carpet, Tile, Vinyl, Wood, Gas Water Heater, Range, Refrigerator
Appliances
Gas Water Heater, Range, Refrigerator
Flooring
Carpet, Tile, Vinyl, Wood
Heating
Boiler, Hot Water, Radiator

Exterior & lot

Features
Stone, Wood, Detached Garage, Gravel, Unassigned
Construction
Two, Block, Age Over 8 Years, Asphalt, Pitched
Roof
Age Over 8 Years, Asphalt, Pitched
Foundation
Block
Lot
022823110032, Level, Residential
Parking
Detached Garage, Gravel, Unassigned
Garage spaces
2

Schools

District
St. Paul Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$18,719
Tax year
2026
Parcel
022823110032

Location

Subdivision
Holcombes Add To, Saint P
County
Ramsey
Neighborhood
Summit-University
Community
Ramsey, City Street, Curbs, Paved Streets, northstar, St. Paul
Directions
From I-94, take Dale St south to Marshall Ave, west to property.

Location

Neighborhood
Summit-University
Subdivision
Holcombes Add To, Saint P
School district
St. Paul Public School District

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Listed by Luke Nilles, Gold Group Realty, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.