49 Manitoba Ave
Saint Paul, MN 55117
South of Maryland
$6,113,300 USD
Apartments For Sale • 36,960 SF
Property Details
- Property Type Apartments
- Total Building Size 36,960 SF
- Lot Size 0.11 AC
- Building Class C
- Year Built 1900
- Zoning Residential
0
Transit Score
62
Walk Score
Highlights
| Stabilized 17-property portfolio with 35 residential units in St. Paul. |
| Predictable income tied to HUD AMI guidelines, insulated from market volatility. |
| Opportunity for rent growth with transition from 50% to 60% AMI post-2028. |
| Reduced property taxes under 4D Affordable classification and rent control exemption. |
| Projected 2026 NOI of $188,452 with strong operating history and City-backed program continuity. |
Public Transportation
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 7 min | - | 2.0 mi | |
| Airport | Drive | Walk | Distance |
| Minneapolis-St Paul International/Wold-Chamberlain | 24 min | - | 11.1 mi |
Ronald Becker
Exit Realty Nexus
Ronald Becker
Exit Realty Nexus