651-900-4386
5 7th St W, Saint Paul, MN for Sale
Apartments - FOR SALE
1/17
null | Request Cap Rate

5 7th St W
Saint Paul, MN 55102
Arts District


HIGHLIGHTS

  • Trophy Asset in Downtown St. Paul – Historic elegance and modern refinement
  • Fully Leased Commercial Space – Secure, long-term tenant with lease through 2028
  • Flawless Attention to Detail – No element overlooked in this timeless renovation
  • Best-in-Class Amenities – Fitness center, Restoration Hardware furnished common areas, in-building laundry, and package concierge
  • Refined Interiors – Every detail masterfully curated for a timeless, high-end aesthetic
  • Value-Add Potential- No RUBS in place, ability to increase NOI

OVERVIEW

The Fitz Flats, a unique trophy mixed-use asset in Downtown St. Paul, is now offered for sale—an exceptional opportunity to own a piece of history. Originally built in 1890 by developer Thomas Fitzpatrick, this four-story Victorian Queen Anne building underwent a full-scale renovation in 2022, where every inch was meticulously restored. The property features high-end apartment units/ amenities, and a long term leased commercial space. 33 Fully Renovated Units: Every inch of the property has been meticulously renovated No RUBS in place, ability to increase NOI Mix of studios and one bedrooms Commercial Lease Info: Secure long-term lease in place until 2028 with renewal options 4% minimum annual rent escalations Well-established thriving bridal tenant Modified Gross lease with Double-Net (NN) characteristics For Pricing Guidance, Financials, & to set up a tour please contact Listing Team.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

33

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fitz Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1892

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,607 SF

ZONING

B4

APN/PARCEL ID

06-28-22-21-0005

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.