MLS# 6815535 - 729 Oakdale Avenue Saint Paul, MN 55107

This is an amazing opportunity to acquire a solid well-built 23-unit apartment building close to the Cherokee Park neighborhood of Saint Paul and near West Saint Paul & South St. Paul cities in Minnesota. Built in 1963 the unit make-up is twelve 2-bedroom and eleven 1-bedroom apartments all with one full bathroom. Beautiful all-brick exterior with three stories and spread across an oversized 0.52-acre corner lot. Fully rented, on-site coin laundry and a newer hot water heater! Average two-bedroom rents are at $1,184 and one-bedroom rents at $1,049. There are five two-car double garages that are 100% occupied and bring in extra cash flow. Located on a bus route and near highways 52, 494, and 94 729 Oakdale Ave is the perfect investment property to buy with doing a 1031 IRC tax exchange from the sale of your smaller 4-10 units. Increase your monthly cash flow and take advantage of your tax benefits with new depreciation.

Apartment Cash Flow, Inc. is the brokerage office representing the owner for this listing.
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Move It Real Estate - Grand Rapids is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - Grand Rapids, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Nov 8 2025 10:56PM.