Updated Sep 15, 2026
7th Avenue Apartments Sold For $4.15M In North Saint Paul With Heidi Addo As The Broker
2050 7th Avenue
$4,150,000
Units
36
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The 36-unit 7th Avenue Apartments located at 2050 7th Avenue in North Saint Paul, MN was sold for $4,150,000. This multifamily asset has a price per unit of $115,278, reflecting the market characterized by its durable structures and long-standing ownership.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Units: 36
- Price Per Unit: $115,278
- Broker: Heidi Addo - Michel Commercial
- Date of Sale: 09/11/2026
- Market: North Saint Paul, MN
The longtime owner of the property accepted a preemptive offer and retired after over 40 years of ownership, facilitating this transaction. Additionally, Hornig Cos. has purchased a separate portfolio of 50-unit Cleveland Avenue Apartments in St. Paul from At Home Apartments for $4.5 million.
On the Map
$4,150,000
MultiFamily
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Players
Saint Paul MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93