About 394 Cleveland Avenue N
Fantastic investment opportunity in the heart of Saint Paul! 394 Cleveland Avenue N is a well-maintained 10-unit apartment building offering historic charm with many updates and strong rental appeal. Built in 1926 and spanning over 8,300 sq ft on a ~6,000 sq ft lot, this solid brick property sits in the highly desirable Merriam Park West neighborhood, known for its walkability, bikeability, and easy access to shopping, restaurants, transit, and parks. The location is unbeatable for attracting tenants—just minutes from multiple colleges including the University of St. Thomas, Macalester College, Hamline University, St. Catherine University, Concordia University–St. Paul, Metropolitan State University, Augsburg University, and the University of Minnesota St. Paul campus. With strong student demand, proximity to hospitals and major employers, and its convenient access to both downtown Minneapolis and St. Paul, this property delivers consistent occupancy and long-term growth potential.
