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$1,295,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 7,800 Sq. Ft.
  • 0.39 Acres
  • Updated 4 days ago
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Morton Street Apartments is a very attractive and well maintained 12-unit apartment building located within walking distance to both the Belvidere and Bluff Parks in Saint Paul, Minnesota. This property offers an exceptional opportunity to acquire a solid, fully-occupied investment in a desirable neighborhood of St. Paul. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Morton Apartments is super clean and provides immediate cash flow. The main and upper floor units feature refinished original hardwood flooring. The property includes on-site coin-operated laundry, updated vinyl replacement windows and a 10-car off-street parking lot. Unit mix is ten one-bedroom, one bath and one Studio, one bath. The average 1-bd rent is $1,060 and average studio is $890. Built in 1963 and perfectly situated on a 0.39 acre corner lot. This makes for a great 1031 option coming out of a smaller rental property. Close to the Minneapolis International Airport, plenty of employment and downtown Saint Paul.

Full Property Details for 149 Morton Street E

General

  • Price: $1,295,000
  • Taxes: $19,036 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7022196
  • Updated: 2/16/2026
  • Added to Site: 5 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Luxury Vinyl Plank, Tile, Wood

Additional Information

  • Amenities: Cable, Ceiling Fan(s), Hardwood Floors, Kitchen Window, Natural Woodwork, Tile Floors, Walk-In Closet

Parking

  • Parking Features: Asphalt, Parking Lot, Paved Lot

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: The W St Paul Re&Imp Synd 1
  • Neighborhood: 104
  • Driving Directions: On the Corner of State & East Morton Street

School Information

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

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Finished, Full
  • Foundation Size: 2600
  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 7,800
  • Finished Down/Base.: 7,800 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1963

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.39
  • Lot Dimensions: 90 x 180
  • Frontage: City Street
  • Potential Use: Income
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Operating Expenses: $53,396
  • Tax Amount: $19,036
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Fuel, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Electricity
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: THE W ST PAUL REIMP SYND 1 LOTS 14 15 AND LOT 18 BLK 1
  • Inclusions: Building, Land, Rental License
  • Property ID: 82822310101

Listed by Apartment Cash Flow, Inc.

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— 149 Morton Street E —

  • Apartment Cash Flow, Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

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

Schools serving 149 Morton Street E

School District:St. Paul Public School District
NameGradesDistance
Cherokee Heights Elementary School
694 South Charlton Street, Saint Paul, MN 55107
PK-50.2 mi
Humboldt Secondary School
30 Baker Street East, Saint Paul, MN 55107
6-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 149 Morton Street E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/16/2026
Listed
$1,295,000
76.91%
MLS
8/19/2013
Sold
$732,000
—
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 149 Morton Street E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,932
-1%
$968,200
-5%
2024
$21,216
2%
$1,019,900
-10%
2023
$20,894
5%
$1,128,100
12%
2021
$19,940
-5%
$1,002,800
-8%
2023
$20,894
5%
$1,091,700
8%
2021
$19,940
10%
$1,008,300
16%
2020
$18,066
7%
$866,100
6%
2019
$16,916
19%
$817,100
17%
2018
$14,194
9%
$697,000
7%
2017
$12,988
17%
$650,500
21%
2016
$11,138
—
$537,400
1%
2015
$11,178
-6%
$534,000
4%
2014
$11,896
—
$513,900
—
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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Listed by Apartment Cash Flow, Inc.

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149 Morton Street E, Saint Paul, MN 55107 (MLS# 7022196) is a Commercial property. 149 Morton Street E is currently listed for $1,295,000 and was received on February 16, 2026. Want to learn more about 149 Morton Street E? Do you have questions about finding other Commercial real estate for sale in West Side? You can browse all West Side real estate or contact a Coldwell Banker agent to request more information.

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