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Maple Suites 389 Maple St 5 Unit Apartment Building $400,000 ($80,000/Unit) Saint Paul, MN 55106
Investment Highlights
- Brand new roof and roof decking: April 2026
- Mix of 1-bed and studio units
- Value-Add Opportunity
- $80,000 per unit
- The property is enrolled in the 4D tax program that reduced property taxes by up to 80%
Executive Summary
389 Maple St is a fully occupied 5-unit multifamily property located in St. Paul, MN. A brand new roof with roof decking was installed in April 2026. Other improvements include new carpet in unit B (2026), full basement clean out, and general landscaping cleanup. The property features a mix of 1-bedroom and studio units and is currently enrolled in the 4D tax program that reduces property taxes by up to 80%, providing significant tax savings.
Call Luke at 651-428-7814 for more information and to schedule a private viewing.
Call Luke at 651-428-7814 for more information and to schedule a private viewing.
Property Facts
| Price | $400,000 | Building Class | C |
| Price Per Unit | $80,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,354 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1904/1969 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | H-2 - Residential District | ||
| Price | $400,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,354 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1904/1969 |
| Opportunity Zone |
Yes |
| Zoning | H-2 - Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 500 - 550 |
| 1+1 | 3 | - | 550 - 650 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 32-29-22-14-0007 | Improvements Assessment | $381,100 |
| Land Assessment | $100,000 | Total Assessment | $481,100 |
Property Taxes
Parcel Number
32-29-22-14-0007
Land Assessment
$100,000
Improvements Assessment
$381,100
Total Assessment
$481,100
Contacts
-
Luke Hermanson -
Nate Schammel -
Zach Burnside -
Doug McNicoll -
MRG Realty Partners
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Maple Suites | 389 Maple St
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