503 Ohio Street, St Paul, MN

$1,695,000

14,000

Square feet

0.41

Acres

About 503 Ohio Street

Ohio Apartments offers a new owner a turn-key investment opportunity with 15 well-appointed units plus 8 garages. The unit mix consists of 8 two-bedroom, 1 bath and 7 one-bedroom, 1 bath apartments spread out over three full stories built in 1968. Charming curb appeal with the brick exterior in great condition, newer vinyl double pane windows, newer gutter downspouts and roof facia, plus a decorative black front entrance awning. This apartment complex is resting on almost a half acre and nicely landscaped with a newer asphalt parking lot and an attractive retaining wall. All but one of the apartments has been renovated with luxury vinyl plank flooring, new kitchen cabinets and hardware, quartz countertops, stainless steel energy efficient appliance package including dishwashers, carpet in bedrooms, and ceiling fans. The building has received newer vinyl replacement windows throughout and the common spaces were recently carpeted and freshly painted. The laundry room has been remodeled and offers tenants coin-operated speed queen washers and dryers with credit card readers. This asset is definately in above average condition and would make the perfect 1031 tax exchange purchase or syndication. Very low historical vacancy and super easy to rent being close to downtown Saint Paul, MN, West St.Paul and Mendota Heights, MN. Two blocks from Cherokee Park and the high bridge.

Features of 503 Ohio Street

MLS® # 6800418
Price $1,695,000
Square Footage 14,000
Acres 0.41
Year Built 1968
Type Commercial
Sub-Type Apartment Building
Style Apartment
Status Active
Contingency Type None

Community Information

Address 503 Ohio Street
Area West Side
Subdivision Dawsons Add
City St Paul
County Ramsey
State MN
Zip Code 55107

Amenities

# of Garages 8
Garages Parking Lot
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Range, Refrigerator
Heating Boiler
Cooling Wall Unit(s)
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Lot Description Corner Lot, Some Trees
Roof Age Over 8 Years, Flat
Construction Brick/Stone

School Information

District St. Paul

Additional Information

Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $30,606
Tax Year 2025
Office Apartment Cash Flow, Inc.

Listing Details

OfficeApartment Cash Flow, Inc.

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