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953 Desoto St 6 Unit Apartment Building $544,900 ($90,817/Unit) 9.52% Cap Rate Saint Paul, MN 55130
Investment Highlights
- Fully occupied six-unit building with strong 2-bedroom mix.
- Large lot and garage offering value-add potential, including future unit additions.
- Owner pays gas, water, and trash with utilities recaptured through tenant charge-backs.
- Reliable cash-flowing investment with stable tenancy.
- Part of the city’s 4D program providing tax-advantaged affordability structure.
Executive Summary
Fully occupied 6-plex on the Eastside with (5) 2-bed & (1) 1-bed units, plus a garage and large lot. Great investment opportunity already producing positive cashflow, with value-add opportunities including adding additional unit(s). This property is a part of the 4D program with the city. Owner pays for gas, water and trash. Tenants currently pay all utilities through a charge-back fee. Questions call Dan O'Brien @ 612-562-3773
Property Facts
| Price | $544,900 | Apartment Style | Low-Rise |
| Price Per Unit | $90,817 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9.52% | Building Size | 6,352 SF |
| Gross Rent Multiplier | 8.46 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1969 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Multi-Family | ||
| Price | $544,900 |
| Price Per Unit | $90,817 |
| Sale Type | Investment |
| Cap Rate | 9.52% |
| Gross Rent Multiplier | 8.46 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,352 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 5 | - | 650 - 745 |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 29-29-22-32-0018 | Improvements Assessment | $507,900 |
| Land Assessment | $120,000 | Total Assessment | $627,900 |
Property Taxes
Parcel Number
29-29-22-32-0018
Land Assessment
$120,000
Improvements Assessment
$507,900
Total Assessment
$627,900
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953 Desoto St
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