$1,100,000
Off-Market Date: 06/08/20261010 Lafond Avenue Saint Paul, MN 55104
Pending MLS# 7020224
9,240 sq ft Commercial
Details for 1010 Lafond Avenue
MLS# 7020224
Description for 1010 Lafond Avenue, Saint Paul, MN, 55104
Built in 1964 and positioned near the Lexington Parkway and University Avenue corridor, the property features a strong unit mix of seven 2-bedroom and four 1-bedroom apartments totaling approximately 7,850 rentable square feet across two stories. Parking and storage are not currently being billed, presenting immediate upside for investors looking to grow gross income from day one.Capital improvements over the past decade include vinyl double-pane windows, a white EPDM flat roof, a newer water heater, and a resurfaced parking lot (2019) with 10 surface spots and dedicated space for trash and recycling service.Almost all units are market-rate, meaning investors have the option to enroll in the robust affordable housing programs offered by Saint Paul and Ramsey County, including the 4-D Tax Program, which can reduce property taxes by up to 80%. The current expense structure of owner-paid water, sewer, trash, and heat also makes the property an ideal candidate for a Ratio Utility Billing System (RUBS) to recapture a significant portion of utility costs and hedge against rising expenses.Situated near public transit, major highway access, neighborhood retail, and the employment and development activity along University Avenue, the property benefits from a deep and growing renter pool in one of Saint Paul's most active corridors.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Pending
Bedrooms: 18
Bathrooms: 11
Lot Size: 0.26 Acres
Square Feet: 9,240 sq ft
Year Built: 1964
Foundation: 3,080 sq ft
Stories: 2 Stories
Subdivision: D W Moores Add
Number Of Units Total: 11
Current Use: Commercial,Residential
County: Ramsey
Days On Market: 65
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Electric Separate,Heating Common,Hot Water Common
Cooling: Wall
Heating: Boiler, Natural Gas
Exterior / Lot Features
Open Parking: 10
Parking Description: Paved Lot
Exterior: Brick/Stone
Roof: Flat, Age Over 8 Years
Lot Dimensions: 85x135
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Rental License
Unit Information
Unit 1 Actual Rent: 1200
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Actual Rent: 1000
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 4
Unit 3 Actual Rent: 1350
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 5
Unit 4 Actual Rent: 1100
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 4 Rooms Total: 4
Unit 5 Actual Rent: 1189
Unit 5 Baths Total: 1
Unit 5 Beds Total: 2
Unit 5 Rooms Total: 5
Unit 6 Actual Rent: 1175
Unit 6 Baths Total: 1
Unit 6 Beds Total: 1
Unit 6 Rooms Total: 4
Driving Directions
Highway 94 east to (north) on Lexington Ave, to (East) on Lafond Ave, property is on the right.
Financial Considerations
Other Annual Tax: $1,403
Tenant Pays: Electric
Owner Pays: Electric,Exterior Maintenance,Gas,Insurance,Management,Sewer,Taxes,Trash,Water
Gross Income: 159888
Tax/Property ID: 352923220070
Tax Amount: 20005.4
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: MRG Realty Partners, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for 1010 Lafond Avenue
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1010 Lafond Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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