The Cambric — Sale in Saint Paul, MN
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Saint Paul, MN 55106
- Size: 99,365 SF
- Year built: 2016
Photos
Description
Jones Lang LaSalle (JLL) is pleased to present The Cambric – a beautiful 113-home Section 42 active adult apartment community located in a historic neighborhood setting. Built in 2016 by Dominium, this four-story low-rise property offers residents affordable quality housing with proximity to downtown St. Paul, walking and biking paths, and essential neighborhood amenities. The Cambric features thoughtfully designed one- and two-bedroom homes averaging 881 square feet, complemented by community amenities including a fitness center, theater room, and heated underground parking. The property maintains strong occupancy at 95% with affordable rent levels– representing compelling value as homeownership costs in St. Paul command a 78% premium to renting at The Cambric. This investment offers a rare opportunity to acquire an asset with strong demand fundamentals and meaningful value at a 43% discount to estimated replacement cost with limited new supply. Offered for sale by its original owner with attractive assumable HUD financing, JLL is seeking qualified offers to purchase this community with an anticipated closing date in Q4 of 2026.
Market Context
This multifamily in Saint Paul, MN is listed for sale across 99,365 SF. The building dates to 2016. Compare it against other multifamily listings for sale in Saint Paul, MN — view the full market.
As of Q1 2026, the Minneapolis multifamily market showed a 6.1% vacancy rate, and average asking rents near $1557.00/unit/mo. Source: multiple brokerage reports, Q1 2026.
Multifamily market FAQ
- Is the Minneapolis multifamily market tightening or softening?
- Vacancy is around 6.1% (Q1 2026).
Contact
- Josh Talberg · 6519839000 · josh.talberg@jll.com
- Joseph Peris · 6122022433 · joseph.peris@jll.com
- Ken Dayton · 7636564565 · ken.dayton@jll.com
- Pat McMullen · 7636564553 · pat.mcmullen@jll.com
Explore this market
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