475 Dayton Avenue, Saint Paul, MN 55102

Property Description

Impressive historic fourplex located in the heart of St Pauls highly sought-after Cathedral Hill neighborhood. This renovated mansion property features large residential units, off-street parking, and exceptional outdoor space rarely found in urban multifamily properties. Situated on a double-wide lot, the property offers both immediate tenant appeal and long-term redevelopment potential.Residents enjoy a quiet, walkable neighborhood just steps from the Blair Arcade area at Selby and Western, with easy access to restaurants, cafes, shopping, and public transportation. The expansive yard space is currently utilized by tenants for grilling, outdoor gathering, and recreation. Additional amenities include coin-operated laundry and large unit layouts with strong long-term rental appeal.Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026. Future ownership will have the opportunity to improve NOI through utility cost recovery and operational efficiencies. Exceptional value-add opportunity in one of St Pauls premier multifamily neighborhoods.