Union Park
Includes Merriam Park, Snelling-Hamline, Lexington-Hamline. St. Paul planning district. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.
Neighborhood profile
- Listings we track
- 7
- Median price per unit
- $187K
- Typical cash flow
- −$2,251 median per month, 20% down
- Crime, last 12 months
- 84 per 1,000 1,613 incidents · −27% vs. prior year
- Renter households
- 57%
- Median gross rent
- $1,253 all unit sizes
- Median household income
- $82K
- Rent rules
- 3% cap Rent stabilization; buildings first occupied after 2004 exempt
St. Paul police incidents, excluding proactive visits and community events. Per-resident rates use 2020 Census population. Union Park's incident count includes the Midway retail corridor, which inflates the per-resident rate. Census figures: ACS 2020–2024 5-year, combining 4 tract(s) centered in this planning district; medians are household-weighted averages of tract medians.
Map
Top picks
Ranked on real rent estimates (RentCast comparables or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.
Ways to slice it
Best cash flow now
Monthly cash flow at 20% down.
- 437 Wheeler St N −$254/mo
- 1635 Dayton Ave rough −$881/mo
- 1681 Dayton Ave rough −$2,251/mo
- 1857 Carroll Ave rough −$2,555/mo
- 1630 Hague Ave rough −$4,120/mo
Best long-term
Year-30 wealth vs. the same money in stocks.
- 437 Wheeler St N 1.70× stocks
- 1635 Dayton Ave rough 1.04× stocks
- 1681 Dayton Ave rough 0.52× stocks
- 1857 Carroll Ave rough 0.50× stocks
- 1630 Hague Ave rough 0.43× stocks
Value-add
Under-rented, needs work, or room to negotiate.
- 437 Wheeler St N Long time on market: room to negotiate.
- 1630 Hague Ave rough Long time on market: room to negotiate.
- 1857 Carroll Ave rough The seller bought for $340,000 in Apr 2013, so they can take a lower offer and still come out well ahead.
Proceed with caution
Decent numbers, serious flags.
Nothing here right now.
Promising, rents not yet verified
Ranked on a rough rent estimate from bedroom count. Treat these as leads, not conclusions.
- 1635 Dayton Ave rough −$881/mo
- 1681 Dayton Ave rough −$2,251/mo
- 1630 Hague Ave rough −$4,120/mo
- 1857 Carroll Ave rough −$2,555/mo
Needs more info
Left out of the rankings until a data problem is resolved.
- 1827-1829 Saint Anthony Ave no rent estimate yet
- 442 Pierce St N no rent estimate yet
All listings
7 listings. Filter by price or units, or switch the down payment.
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Close
437 Wheeler St N
$375,000 · 4 unitsCash flow −$254/mo Cap 5.6% Break-even price $327K Yr 30 vs stocks 1.70× Positive in yr 7 -
Overpriced
1635 Dayton Ave
$575,000 · 4 units · Rough rentsCash flow −$881/mo Cap 4.5% Break-even price $409K Yr 30 vs stocks 1.04× Positive in yr 15 -
Far off
1681 Dayton Ave
$749,900 · 4 units · Rough rentsCash flow −$2,251/mo Cap 2.8% Break-even price $327K Yr 30 vs stocks 0.52× Positive in 30+ yrs -
Far off
1630 Hague Ave
$1,149,000 · 4 units · Rough rentsCash flow −$4,120/mo Cap 2.1% Break-even price $375K Yr 30 vs stocks 0.43× Positive in 30+ yrs -
Far off
1857 Carroll Ave
$825,900 · 4 units · Rough rentsCash flow −$2,555/mo Cap 2.7% Break-even price $346K Yr 30 vs stocks 0.50× Positive in 30+ yrs -
Needs more info
1827-1829 Saint Anthony Ave
$250,000Needs more info: no rent estimate yet
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Needs more info
442 Pierce St N
$361,300Needs more info: no rent estimate yet
Monthly cash flow
What's changing
- United Village at the old Midway Center. Bill McGuire put $170M toward phase one next to Allianz Field: two restaurants (targeted to open mid-2026), an office building and a 158-room hotel set for early 2027. More foot traffic and amenities near Snelling & University, but also more event-day traffic. As of 2026-05 · Sources: mspmag.com, stpaul.gov
- METRO B Line on Selby Avenue. Bus rapid transit along Selby and Marshall to downtown St. Paul and Lake Street in Minneapolis opened June 14, 2025, about 20% faster than the Route 21 it replaced. Good for tenants without cars. As of 2025-06 · Sources: metrotransit.org, startribune.com
- Rethinking I-94. MnDOT is carrying four alternatives (no build, maintenance, reduced freeway, reconfigured freeway) into a Tier 1 environmental study expected to take two to three years. The ReConnect Rondo land bridge is a separate effort; we found planning money for it but no construction funding (estimated at $450M+ in 2021). Treat it as a long shot, not a value driver. As of 2026-10 · Sources: talk.dot.state.mn.us, reconnectrondo.com