Ramsey County · St. Paul
Sell Your Commercial Property In St. Paul, MN
Own a commercial apartment building of five or more units in St. Paul? We purchase multifamily properties around Highland Park, Midway, and the rest of Ramsey County, and we review every deal against a clear buy box.
- 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
Areas We Target: Highland Park · Midway · Cathedral Hill · Lowertown — Ramsey County, MN
Why St. Paul
Why We Buy Multifamily In St. Paul
St. Paul, Minnesota is 47.1% renter: 59,045 of its 125,249 occupied homes are rented, and 36.9% of housing units sit in buildings of five or more units (ACS 2020-2024). Owners who want to sell commercial property in St. Paul, MN face a 3% rent limit under the city's Rent Stabilization Ordinance, a 1.25% class 4a rate and Ramsey County local tax rates above 142%. This profile sets out those numbers, HUD's FY2027 rents and the landlord rules that shape what a buyer will pay.
Ecolab headquarters
Ecolab is headquartered at 1 Ecolab Place in St. Paul and reports about 48,000 associates worldwide on its company page.Securian Financial
Securian Financial lists its headquarters as St. Paul and about 5,500 employees in its February 2024 results release.University of St. Thomas
The University of St. Thomas reported 9,876 students across undergraduate and graduate programs in fall 2025.Our Buy Box
What We Buy In St. Paul
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.
Local Market Data
St. Paul Apartment Market
Figures gathered October 2026 from public market data.
Who rents in St. Paul
St. Paul is 47.1% renter, with 59,045 of 125,249 occupied homes rented, per ACS 2020-2024 table B25003. Homes in buildings of five or more units make up 36.9% of the city's 133,051 housing units, per table B25024.
Older stock dominates. St. Paul reports 77.6% of homes built before 1980 and a median build year of 1952, per table B25034.
Rents and affordability
St. Paul median gross rent is $1,281 a month, per ACS table B25064. Minnesota's median is $1,280 and Ramsey County's is $1,329. Renters paying 30% or more of income total 47.7%, per table B25070.
Under HUD FY2027 fair market rents for the Minneapolis-St. Paul-Bloomington metro area, a two-bedroom is $1,734.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,265 |
| One-bedroom | $1,427 |
| Two-bedroom | $1,734 |
| Three-bedroom | $2,264 |
| Four-bedroom | $2,538 |
Owners who want to sell commercial real estate in St. Paul, MN are pricing against that rent base.
Property taxes in Ramsey County
Apartment buildings with four or more units are class 4a, taxed at a 1.25% classification rate under Minnesota Statutes 273.13. That converts market value into net tax capacity.
Ramsey County's payable 2026 final tax rates give St. Paul total local rates of 142.678788% to 145.464938%, depending on watershed district. The county sets a separate 0.279092% market rate on referendum market value.
On a $2,000,000 building, net tax capacity is $25,000. At the 145.464938% rate, tax capacity tax is $36,366.
The lowest St. Paul rate produces $35,670. Adding the market rate, $5,582, brings the high case to $41,948.
Owners planning to sell commercial property in St. Paul, MN also owe Minnesota's deed tax, set at 0.33% of net consideration under Minnesota Statutes 287.21, which is $6,600 on $2,000,000.
Landlord rules
St. Paul limits rent increases to 3% in a 12-month period, with exceptions, per the city's Rent Stabilization Ordinance page. Voters approved it in November 2021, and the council amended it in 2022 and May 2025.
Minnesota bars local rent control unless voters approve it at a general election, per Statute 471.9996.
Landlords must return deposits or itemize withholdings within three weeks of tenancy ending, per Statute 504B.178.
The city's Fire Certificate of Occupancy program inspects residential buildings every one, two, four or six years by class.
What it means for an owner
St. Paul owners hold older buildings, high property taxes and a 3% rent limit that shapes underwriting. Run your numbers in the cap rate calculator before you sell your apartment building in St. Paul.
Owners ready to sell commercial property in St. Paul, MN can start with our apartment building sale page. Skyline Capital Investments buys buildings of five or more units.
Seller Notes
St. Paul Seller Checklist
More about selling in Minnesota →Investing in St. Paul? See apartment syndications in St. Paul →
- Owners who sell commercial real estate in St. Paul, MN price the 3% rent limit into buyer underwriting.
- Ramsey County's payable 2026 final rates run 142.68% to 145.46% of tax capacity for St. Paul districts.
- Selling commercial property in St. Paul means comparing HUD's FY2027 two-bedroom rent of $1,734 with the $1,281 median gross rent.
Seller Guides
Your Situation, Handled — St. Paul
Learn More
Taxes & Rules For St. Paul Property
The Minnesota rules that shape any deal in St. Paul: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
St. Paul Seller FAQ
How do I sell commercial property in St. Paul, MN?
Start with the building's rent roll, the 3% rent limit status and recent Ramsey County tax statements. Buyers underwrite against class 4a tax at 1.25% and local rates near 145%. Skyline Capital Investments buys buildings of five or more units.
What does it take to sell commercial real estate in St. Paul, MN?
Expect buyers to ask for rents, rent-increase history, and Fire Certificate of Occupancy results. Minnesota deed tax is 0.33% of net consideration, about $6,600 on a $2,000,000 sale.
How much is property tax on a $2 million apartment building in St. Paul?
At the 1.25% class 4a rate, net tax capacity is $25,000. Ramsey County's payable 2026 St. Paul rate of 145.464938% gives $36,366, plus $5,582 at the market rate.
Does St. Paul have rent control?
St. Paul limits rent increases to 3% in a 12-month period, with exceptions. Voters approved the ordinance in November 2021, and the council amended it in 2022 and May 2025. State law allows local rent control only with general-election approval.
Who rents in St. Paul?
St. Paul is 47.1% renter, with 59,045 renter households (ACS 2020-2024). Median gross rent is $1,281, and 47.7% of renters pay 30% or more of income. Owners who sell multifamily property in St. Paul sell into that renter base.
What if my St. Paul building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my St. Paul apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in St. Paul 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.
How fast can I sell my apartment building in St. Paul?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
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