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About This Home

This 12-bedroom, 0-bathroom commercial at 1232 Marshall Avenue in Saint Paul, MN is listed for $799,900. Built in 1917, on a 0.12 acres lot.

Agent Description

Exceptionally located across the street from Concordia University offering strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors.

Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building—an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas.

Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they’re just minutes from Trader Joe’s, Whole Foods, and an exciting local dining scene.

A rare opportunity in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.

Key Features

  • Built in 1917
  • 0.12 acre lot

Property Details

1917

Monthly Cost Estimate

$4,278/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,466
Insurance$233

Estimates only. Actual payments may vary.

Location

1232 Marshall Avenue

Saint Paul, MN 55104

Anna E Ramsey Add

Features & Amenities

Exterior Features

Stucco

Property Details

Flooring

CarpetTileVinyl

Construction

ConcreteFrame

Parking

Parking Lot

Heating

Baseboard

Appliances

RangeRefrigerator

Questions & Answers

This 12-bedroom, 0-bathroom commercial at 1232 Marshall Avenue is listed at $799,900. The estimated monthly payment is $3,466 based on 20% down at 6.5% interest.

Key features include: Built in 1917, 0.12 acre lot. Exterior Features: Stucco.

This property is listed by Dylan A Maitland and can be reached at 6124231841 or dylan@dylanmaitland.com.

DM

Dylan A Maitland

Agent at RE/MAX Results

(612) 423-1841

Listed by RE/MAX Results · View on Broker Site

MLS# 6709632· Source: listhub· Updated 337 days ago

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1232 Marshall Avenue, Saint Paul, MN 55104

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