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Sibley Manor Apartments

1300 Maynard Dr W St. Paul / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: 19.26

Number of Units: 550

County: Ramsey

Description

Michel Commercial is pleased to present Sibley Manor Apartments, a 550-home multifamily community situated on over 19 acres in St. Paul’s Highland Park neighborhood. Built in 1952 and offered for sale for the first time in more than 70 years, Sibley Manor represents a rare opportunity to acquire a property of significant scale with a long history of stable family ownership. Sibley Manor offers strong in-place income supported by consistent historical occupancy and operating performance. Significant recent capital improvements, including a comprehensive electrical upgrade, further enhance the investment profile while reducing near-term capital expenditure needs.

Location

Sibley Manor is located in the desirable Highland Park neighborhood of St. Paul, offering convenient access to Minneapolis and St. Paul, MSP International Airport, major employment centers, shopping, dining and recreation. Limited new multifamily supply, scarce available land and high construction costs further enhance the property’s competitive position, while its 550-home scale would be difficult to replicate today.

Highlights

First Offering in More than 70 Years
Built in 1952, Sibley Manor is being offered for sale for the first time. The property has remained under long-term family ownership and management through three generations, reflecting decades of pride of ownership. The family has now made the decision to retire, creating a rare generational acquisition opportunity.

Substantial Recent Capital Improvements
Ownership has invested significantly in Sibley Manor, including a comprehensive electrical upgrade from fuses to modern breaker systems and ongoing roof replacements. These improvements meaningfully reduce near-term capital needs for new ownership.

Irreplaceable Scale + Limited New Supply
Situated on over 19 acres in St. Paul’s highly desirable Highland Park neighborhood, Sibley Manor offers 550 apartment homes at a scale that would be extraordinarily difficult to replicate today. Limited new multifamily supply, scarce available land and high construction costs further strengthen the property’s competitive position in the neighborhood.

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Sibley Manor Apartments