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
...
(Read more)
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.
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
Listing Office:
Apartment Cash Flow, Inc.
Last Updated: August - 04 - 2026
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