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197 Kent 197 Kent St 4 Unit Apartment Building $995,000 ($248,750/Unit) Saint Paul, MN 55102
Investment Highlights
- Tenants pay individual gas and electric utilities.
- New exterior decks were installed in 2023.
- Recent updates include kitchens, baths, HVAC systems, and roof improvements.
- Assigned garage parking is provided for each unit.
Executive Summary
197 Kent Street presents the opportunity to acquire a multifamily asset in Saint Paul’s Cathedral Hill neighborhood. Positioned near Grand Avenue’s established dining, retail, and service amenities and within close proximity to Summit Avenue, the property benefits from one of the city’s most recognized historic residential districts. The location offers convenient access to downtown Saint Paul, regional employment centers, and neighborhood amenities that support long-term tenant demand.?
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Building Size | 6,000 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1889 |
| Zoning | Residential- Multi-family - Residential - Multi-family | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1889 |
| Zoning | Residential- Multi-family - Residential - Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | $1,813 | 980 - 1,280 |
| 2+1 | 3 | $1,795 | 1,208 |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,009,300 | |
| Land Assessment | $4,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,005,300 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$4,000
Improvements Assessment
$1,005,300
Total Assessment
$1,009,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
197 Kent | 197 Kent St