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337 7th St W
Saint Paul, MN 55102
Alvera · Multifamily Property For Sale
·
193 Units
EXECUTIVE SUMMARY
Marcus & Millichap and Institutional Property Advisors is pleased to present the exclusive listing of Alvera Apartments, a 193-unit, premier Class-A apartment community located in Saint Paul, Minnesota. To view the Confidentiality Agreement and to gain access to the deal room, please contact broker.
Alvera Apartments boasts a prime location in the heart of St. Paul, offering unparalleled convenience for professionals and urban dwellers alike. Situated just steps from Ecolab’s headquarters, where over 1,300 employees work, residents enjoy effortless commutes to one of the city’s major corporate hubs. Additionally, the property is within close proximity to St. Joseph’s Hospital, Regions Hospital, and United Hospital, which collectively employ thousands of healthcare professionals, making it an ideal home for those in the medical field. Beyond healthcare, Alvera Apartments is surrounded by several Fortune 500 companies, including Travelers, with over 2,000 employees in downtown St. Paul, Securian Financial, which has nearly 2,500 employees, and 3M, a global powerhouse with over 90,000 employees worldwide and a significant presence in the Twin Cities. Sports and entertainment enthusiasts will also appreciate being just minutes from the Xcel Energy Center, home of the Minnesota Wild, where they can catch NHL games, concerts, and major events. With easy access to downtown dining, entertainment, and public transportation, Alvera Apartments provides the perfect balance of work-life convenience in one of St. Paul's most vibrant neighborhoods.
The property features contemporary architectural design and high-end finishes that appeal to discerning renters. Residents enjoy upscale amenities, including a state-of-the-art fitness center, a clubroom, co-working spaces, a rooftop deck with stunning city views, and a podium parking garage.
Alvera Apartments boasts a prime location in the heart of St. Paul, offering unparalleled convenience for professionals and urban dwellers alike. Situated just steps from Ecolab’s headquarters, where over 1,300 employees work, residents enjoy effortless commutes to one of the city’s major corporate hubs. Additionally, the property is within close proximity to St. Joseph’s Hospital, Regions Hospital, and United Hospital, which collectively employ thousands of healthcare professionals, making it an ideal home for those in the medical field. Beyond healthcare, Alvera Apartments is surrounded by several Fortune 500 companies, including Travelers, with over 2,000 employees in downtown St. Paul, Securian Financial, which has nearly 2,500 employees, and 3M, a global powerhouse with over 90,000 employees worldwide and a significant presence in the Twin Cities. Sports and entertainment enthusiasts will also appreciate being just minutes from the Xcel Energy Center, home of the Minnesota Wild, where they can catch NHL games, concerts, and major events. With easy access to downtown dining, entertainment, and public transportation, Alvera Apartments provides the perfect balance of work-life convenience in one of St. Paul's most vibrant neighborhoods.
The property features contemporary architectural design and high-end finishes that appeal to discerning renters. Residents enjoy upscale amenities, including a state-of-the-art fitness center, a clubroom, co-working spaces, a rooftop deck with stunning city views, and a podium parking garage.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.61 AC |
| No. Units | 193 | Building Size | 129,389 SF |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 11/1,000 SF |
| Building Class | B | ||
| Zoning | T-3 - Traditional Neighborhood | ||
| Sale Type | Investment |
| No. Units | 193 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.61 AC |
| Building Size | 129,389 SF |
| No. Stories | 7 |
| Year Built | 2022 |
| Parking Ratio | 11/1,000 SF |
| Zoning | T-3 - Traditional Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Gameroom
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 139 | - | 359 - 699 |
| 1+1 | 47 | - | 555 - 702 |
| 2+1 | 1 | - | 921 |
| 2+2 | 6 | - | 990 - 1,190 |
PROPERTY TAXES
| Parcel Number | 01-28-23-41-0189 | Improvements Assessment | $19,669,900 |
| Land Assessment | $3,840,000 | Total Assessment | $23,509,900 |
PROPERTY TAXES
Parcel Number
01-28-23-41-0189
Land Assessment
$3,840,000
Improvements Assessment
$19,669,900
Total Assessment
$23,509,900
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