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Exeter Place Apartments 235 Exeter Pl 17 Unit Apartment Building $1,575,000 ($92,647/Unit) Saint Paul, MN 55104
EXECUTIVE SUMMARY
Exeter Place Apartments is a compelling investment in one of Saint Paul’s most desirable neighborhoods. Just blocks from the Mississippi River and the University of St. Thomas, the property enjoys steady rental demand. The area combines residential charm with walkable access to coffee shops, restaurants, and urban amenities. Built in 1949, Exeter Place features 17 units (5 studios, 12 one-bedrooms) averaging 544 sq. ft., with current rents of $881/month. Situated on a 0.39-acre lot, the property also features eight garages for added tenant convenience and owner income. With stable occupancy, value-add potential, and a prime location, Exeter Place combines reliable cash flow with long-term upside.
PROPERTY FACTS
| Price | $1,575,000 | Building Class | C |
| Price Per Unit | $92,647 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 11,457 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C | ||
| Price | $1,575,000 |
| Price Per Unit | $92,647 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 11,457 SF |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Grill
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 450 |
| 1+1 | 12 | - | 600 |
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 05-28-23-12-0067 | Improvements Assessment | $1,374,300 |
| Land Assessment | $340,000 | Total Assessment | $1,714,300 |
PROPERTY TAXES
Parcel Number
05-28-23-12-0067
Land Assessment
$340,000
Improvements Assessment
$1,374,300
Total Assessment
$1,714,300
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Exeter Place Apartments | 235 Exeter Pl
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