Ramsey County Multifamily Buyer
Sell Your Commercial Property In Ramsey County, MN
Ramsey County is home to St. Paul, the state capital, along with first-ring suburbs like Roseville, Maplewood, and White Bear Lake. State government, health care, and several private colleges drive steady demand for its older walk-ups and mid-century apartment buildings.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Cities We Cover: Minneapolis–St. Paul · Maplewood · Roseville · Shoreview · St. Paul — County seat: St. Paul
Ramsey County
Where We Buy In Ramsey County
We evaluate apartment buildings of 5+ units across Ramsey County — in each city below, plus smaller towns and unincorporated areas countywide.
Local Market Data
Ramsey County Apartment Market
Figures gathered October 2026 from public market data.
If you plan to sell commercial property in Ramsey County, MN, start with the renter base. Ramsey County counts 87,185 renter households, a 39.4% share of the 221,327 occupied homes, per the Census Bureau's 2020-2024 American Community Survey. St. Paul alone holds 67.7% of that renter base, with 59,045 renter households inside Ramsey County, well above the 29.3% renter share for the wider Minneapolis-St. Paul metro area.
Apartment buildings carry much of that demand. Some 76,763 Ramsey County housing units, 32.8% of the stock, sit in buildings with five or more units, up 13.1% from the 2015-2019 survey. Median gross rent reached $1,329, a 32.0% gain over the same span, and rental vacancy stands at 6.1%. Rent and renter share still shift sharply from St. Paul to the Ramsey County suburbs covered below.
3M's global headquarters campus
3M's corporate campus sits in Maplewood, within Ramsey County, anchoring one of the county's largest employers.Household income up 26.1%
Median household income in Ramsey County rose from $64,660 to $81,568 between the 2015-2019 and 2020-2024 ACS surveys.8,888 more apartment units
Units in 5+ unit buildings in Ramsey County grew 13.1% over five years, adding 8,888 units to the rental stock.Who rents in Ramsey County
Renters head 87,185 of the 221,327 occupied households in Ramsey County, a 39.4% share in the 2020-2024 ACS. Owners hold the other 134,142 households. St. Paul carries most of that renter base, with 59,045 renter households, 67.7% of the Ramsey County total.
Suburban cities split the rest. Maplewood counts 4,292 renter households and Roseville 5,224, while Shoreview runs lower at 2,246. The wider Minneapolis-St. Paul metro area, which includes Ramsey County, posts a 29.3% renter share, well below the county figure. Ramsey County's dense apartment stock, concentrated in and around St. Paul, helps explain that gap.
Rents, growth and affordability
Ramsey County's median gross rent rose 32.0%, from $1,007 to $1,329, between the 2015-2019 and 2020-2024 ACS surveys, a gain of $322. Renter households in Ramsey County grew only 2.8% over the same span, adding 2,396 households, while population slipped 0.3% to 542,945 residents.
Housing supply moved with rent. Units in 5+ unit buildings in Ramsey County rose 13.1%, up 8,888 units to 76,763, now 32.8% of all housing units. Rental vacancy sits at 6.1%, and 51.0% of Ramsey County renters paid 30% or more of income on gross rent in the 2020-2024 ACS.
HUD's FY2027 two-bedroom Fair Market Rent for the Minneapolis-St. Paul-Bloomington area is $1,734, effective October 1, 2026. That benchmark runs $405 above Ramsey County's median gross rent, a gap landlords and buyers both watch closely when they underwrite a Ramsey County purchase.
City-by-city comparison
Rent and renter share swing widely across Ramsey County cities. St. Paul's $1,281 median gross rent sits below the county figure, yet its 47.1% renter share and 36.9% apartment-building share lead the table below.
| City | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| St. Paul | $1,281 | 47.1% | 36.9% | 6.4% |
| Maplewood | $1,406 | 28.2% | 24.6% | 11.8% |
| Roseville | $1,374 | 33.6% | 36.3% | 4.4% |
| Shoreview | $1,661 | 19.8% | 17.2% | 3.5% |
| Minneapolis-St. Paul metro | $1,440 | 29.3% | 23.7% | 5.2% |
Maplewood pairs the highest suburban rent among these cities, $1,406, with the highest vacancy rate, 11.8%. Shoreview runs the opposite pattern: $1,661 rent against a tight 3.5% vacancy rate and the smallest renter share on the table. Roseville sits closest to the Ramsey County average on renter share and apartment-building share alike.
Property taxes and assessment in Ramsey County
Ramsey County assesses apartment buildings at market value each January 2 under Minnesota Statutes Section 273.11, with notices mailed in March and appeals running through the local board, county board, or Tax Court. There is no sale-triggered reassessment or value cap in Ramsey County; a recent sale price is simply one input the assessor weighs.
Residential rental property with four or more units falls in class 4a, taxed at 1.25% of estimated market value under Minnesota Statutes Section 273.13, subdivision 25. For taxes payable in 2026, Ramsey County's final rate schedule puts St. Paul's total local rate between 142.679% and 145.465% of tax capacity, and Roseville between 136.8% and 138.1%, depending on the applicable school and watershed district.
What this means if you sell in Ramsey County
When you sell commercial property in Ramsey County, MN, you are selling into a market where renters already outnumber owners in St. Paul and hold close to 40% of households countywide. A 6.1% rental vacancy rate and 32.8% apartment-building share give buyers a baseline to underwrite against your current rent roll and occupancy history.
Minnesota's deed tax runs 0.34% of net consideration in Ramsey County, per Minnesota Statutes Section 287.21, so a $2,000,000 sale carries roughly $6,800 in deed tax due when the deed is recorded. St. Paul also layers in rent stabilization: a 3% rent-increase cap in any 12-month period, with exceptions a landlord must self-certify or justify to the city before closing.
As a multifamily buyer in Ramsey County, we look at 5+ unit buildings from St. Paul to Shoreview as they stand today. Send a current rent roll, a T-12 and your latest tax statement, and we will price the Ramsey County building on those numbers rather than on what the next appraisal might bring.
Local Knowledge
Selling Multifamily In Minnesota
What we factor into every Ramsey County offer:
More about Minnesota →- Class 4a rental property (4+ units) is taxed at 1.25% of market value under Minnesota Statutes Section 273.13.
- St. Paul caps rent increases at 3% per 12 months under its rent stabilization ordinance; confirm any exceptions filed.
- Security deposits draw 1% simple interest a year and must be returned or itemized within three weeks of move-out.
- Minnesota's deed tax runs 0.34% of net consideration in Ramsey County, due when the deed is recorded.
Property Tax
Property Tax In Ramsey County For Apartment Owners
Homeowners in Ramsey County pay a median of $3,966 a year in property tax on a median home value of $326,600, an effective rate of about 1.21%, according to the Census Bureau’s 2020-2024 American Community Survey. That is above the Minnesota statewide average of 1%.
How property tax works in Minnesota: classes, assessment and appeals →Estimate a building’s tax bill with the property tax calculator →
- Those figures describe owner-occupied homes. An apartment building can be assessed on a different basis or in a different class, so its bill as a share of value may differ.
- A sale can reset the assessed value. Before you price a Ramsey County building, check how Minnesota reassesses property after a transfer and model the buyer’s new tax bill.
- Pull the actual tax bill from the Ramsey County assessor or tax collector. City, school and special-district levies stack on top of the county rate.
Seller Guides
Selling In Ramsey County? Common Situations We Handle
Learn More
Taxes & Rules For Ramsey County Property
The Minnesota rules that shape any deal in Ramsey County: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Our Buy Box
What We Buy In Ramsey County
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Ramsey County Seller FAQ
Does Ramsey County have rent control?
St. Paul, inside Ramsey County, adopted voter-approved rent stabilization effective May 2022: a 3% cap on rent increases in any 12-month period, with a self-certification process for larger increases. Minneapolis has only the authority to consider an ordinance, not an active one. Rules vary by city within Ramsey County.
How are apartment buildings assessed for property tax in Ramsey County?
Ramsey County assessors value apartment buildings at market value as of January 2 each year under Minnesota Statutes Section 273.11. Class 4a rental property (4+ units) is then taxed at 1.25% of that value. Notices go out in March, with appeals through the county board or Tax Court.
How much have rents risen in Ramsey County?
Median gross rent in Ramsey County rose from $1,007 in the 2015-2019 survey to $1,329 in 2020-2024, a 32.0% gain, per the Census Bureau. HUD's FY2027 two-bedroom Fair Market Rent for the Minneapolis-St. Paul area is $1,734, well above that median.
What should I know before I sell an apartment building in Ramsey County?
Check the deed tax, 0.34% of net consideration in Ramsey County, and confirm whether the property sits in St. Paul's rent-stabilized zone. Renters hold 39.4% of Ramsey County households, so buyers will weigh your rent roll against the county's 6.1% rental vacancy rate.
How do I sell commercial property in Ramsey County, MN?
Send the address, unit count, and any financials. We review Ramsey County apartment buildings of 5+ units, give feedback typically within 48 hours, and follow with a written letter of intent if it fits.
Do you buy apartment buildings throughout Ramsey County?
Yes. We evaluate multifamily properties across Ramsey County, including Minneapolis–St. Paul, Maplewood, Roseville, Shoreview, and St. Paul, as well as smaller towns and unincorporated areas. Every property is reviewed on its own fundamentals.
What size Ramsey County properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Will you buy a property that needs work or has high vacancy?
Yes. We underwrite value-add, mismanaged, and distressed properties as they are today — no repairs or lease-up required before selling.
Is it possible to sell rental property in Ramsey County without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Ramsey County?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
How do property taxes factor into a Ramsey County offer?
Property is assessed at the county level (the county seat is St. Paul), within Minnesota rules. Minnesota classifies rental property separately from homesteads, and qualifying low-income units may receive a reduced 4d rate. We also review local rules such as St. Paul’s rent stabilization ordinance.
Submit A Deal
Have A Property In Ramsey County?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
