The case
A picturesque family neighborhood around Como Park Zoo and Conservatory with single-family and multi-family stock, drawing families and professionals for stable long-term rentals.
Older stock needs upkeep; the 3% rent cap applies. Appreciation is steady. Minneapolis Fed data (2026) shows St. Paul's 3% rent cap has held inflation-adjusted rents flat-to-down since 2020 and raised owner operating costs - model minimal rent growth and verify the ordinance's current exemption rules before buying.
Best for
Buy-and-hold investors who want family demand and a balance of cash flow and appreciation.
Buy-box fit
3 entriesasset type
Small Multifamily
StrongPreferred buy box