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$634,000

  • For Sale
  • Active
  • Commercial
  • 4,048 Sq. Ft.
  • 0.11 Acres
  • Updated 13 days ago
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A rare chance to acquire a modern, fully occupied multifamily building (built 2004) in Saint Paul with strong, immediate positive cash flow and built-in upside potential. Price includes adjacent, vacant lot at 1020 Ross Ave, which currently serves as tenant green space and garden. 5 rented units currently generating income - all units are leased with long-term, reliable tenants in place, providing stable monthly cash flow from day one. Proven performer: The building is in excellent condition for its age, with identical or near-identical layouts (most units ~1,000 sq ft, 2 bed/1 bath), minimizing maintenance surprises and appealing to a wide tenant pool. Significant value-add opportunity: Configure and add a sixth unit to boost rental income and overall NOI substantially - ideal for an investor looking to increase returns through light renovations or reconfiguration (buyer to verify feasibility with city permitting). Modern construction advantages: Built in 2004 (6,048 sq ft total), offering lower capex compared to older properties, better energy efficiency, and stronger tenant retention. Prime East Side location: Convenient access to amenities, employment centers, transit, and downtown Saint Paul, supporting consistent occupancy and rent growth potential in a steadily appreciating market. This property delivers immediate positive cash flow from 5 occupied units while offering clear upside to add a sixth unit for enhanced yields. Fully turnkey with tenants in place - perfect for portfolio expansion.

Full Property Details for 1024 Ross Ave

General

  • Price: $634,000
  • Taxes: $10,100 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7036265
  • Updated: 3/13/2026
  • Added to Site: 14 day(s) ago

Interior

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Amenities: Balcony

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Asphalt, Unassigned

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Terrys Add
  • Neighborhood: 90
  • Driving Directions: Keep right at United States Highway 52 E/I-94 E/US-52 E/US-12 E about 0.8 mi, less than 1 min Take exit 243 on the left onto 6th St E about 0.3 mi, less than 1 min Keep straight on at 6th St E toward Metro State Univ 0.5 mi, about 2 min Bear left at Arcade St Turn right

School Information

  • School District: 2102 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Heating Separate

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Drainage System, Concrete, Partially Finished, Single Tenant Access, Storage Space, Walk-Out
  • Foundation Size: 2000
  • Roof: Age 8 Years or Less, Asphalt
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 4,048
  • Finished Down/Base.: 4,048 Sq. Ft.
  • Current Bldg. Use: Other
  • Year Built: 2004

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 38 x 172 x 38 x 172
  • Frontage: City Street
  • Potential Use: None
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Operating Expenses: $10,150
  • Tax Amount: $10,100
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash, Rural Development, Special Funding, USDA
  • Owner Pays: Repairs, Trash Collection, Water
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: TERRYS ADDITION W 12 5O/1OO FT OF LOT 7 AND E 25 FT OF LOT 8 BLK 13
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 282922340019

Listed by Minnesota Realty Guide, LLC

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— 1024 Ross Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1024 Ross Ave

School District:St. Paul Public School District
NameGradesDistance
Hazel Park Preparatory Academy
1140 White Bear Avenue, Saint Paul, MN 55106
PK-51.8 mi
Battle Creek Middle School
2121 North Park Drive, Saint Paul, MN 55119
6-82.6 mi
Johnson Senior High School
1349 Arcade Street, Saint Paul, MN 55106
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1024 Ross Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Listed
$634,000
17.63%
MLS
10/01/2021
Sold
$539,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1024 Ross Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,100
6%
$451,000
-4%
2024
$9,524
4%
$469,500
-9%
2023
$9,118
24%
$514,100
37%
2021
$7,358
-18%
$374,900
-23%
2023
$8,967
22%
$485,000
30%
2021
$7,358
1%
$374,000
9%
2020
$7,254
13%
$342,300
14%
2019
$6,398
3%
$300,300
—
2018
$6,210
9%
$300,300
17%
2017
$5,686
12%
$257,400
17%
2016
$5,068
—
$219,600
—
2015
$5,090
-5%
$219,600
—
2014
$5,384
—
$219,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1024 Ross Avenue, Saint Paul, MN 55106 (MLS# 7036265) is a Commercial property. 1024 Ross Avenue is currently listed for $634,000 and was received on March 12, 2026. Want to learn more about 1024 Ross Avenue? Do you have questions about finding other Commercial real estate for sale in Dayton's Buff? You can browse all Dayton's Buff real estate or contact a Coldwell Banker agent to request more information.

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