149 Morton Street E, Saint Paul, MN 55107 (MLS# 7022196)

149 Morton Street E, Saint Paul, MN 55107

$1,295,000
Property Type: Commercial Square Footage: 7,800 Lot Size (sq. ft.): 16,988 Status: Active
Current Price: $1,295,000 List Date: 2/16/2026 Last Modified: 8/04/2026

Overview

Description

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 Internatio ...

Listing Details MLS# 7022196

General Property Information

Lot Measurement
Acres
Management Company Name
Self Managed
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
1963
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
2600
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.39
Lot Dimensions
90 x 180
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned; Security Building Amenities Unit: Cable; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Natural Woodwork; Tile Floors; Walk-In Closet Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Full CMU Style: Apartments/Multi Family Construction Materials: Block; Frame Construction Status: Previously Owned Current Use: Residential Existing Financing: Conventional Exterior: Stucco Flooring: Luxury Vinyl Plank; Tile; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Fuel; Lawn; Lawn; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Paved Lot Pool Description: None Potential Use: Income Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Broadband; Electricity Topography: Hilly Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1295000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
149
Street Name
Morton
Street Suffix
Street
Street Direction Suffix
E
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55107
Complex/Dev/Subdivision
The W St Paul Re&Imp Synd 1

Assessments

Tax With Assessments
19036

Building Information

Building Finished SqFt
7800
Building SqFt
7800
Ceiling Height
8-10

More Information

Income and Expenses

Annual Caretaker Expense
7427
Annual Electric Expense
1000
Annual Fuel Expense
5393
Annual Gross Expenses
53396
Annual Gross Income
148552
Annual Insurance Expense
5000
Annual Net Income
95156
Annual Repair Expense
4800
Annual Trash Expense
2940
Total Annual Expenses
53396

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
08
Township#
28

Sale Options

Sale Includes
Building, Land, Rental License

Unit 1

No. of 1 Bedroom Units
11

Unit Details

Total Units
12

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: Apartment Cash Flow, Inc.
Last Updated: August - 04 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.