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Pineview Apartments

1640 9th St White Bear Lake / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: 7.27

Number of Units: 72

County: Ramsey

Description

Michel Commercial is pleased to present the Pineview Apartments, a 72-home community across four properties, located in White Bear Lake, MN. Pineview Apartments is a well-kept, community situated in an urban-suburban mix. The properties features one-, two- and three-bedroom homes with functional layouts with garage and off-street parking. Pineview Apartments offers a compelling investment opportunity backed by strong occupancy and stable in-place cash flow. With durable neighborhood appeal the property is well positioned as a stable, income-producing asset with long-term upside.

Location

Pineview Apartments is located in White Bear Lake, a desirable northeast Twin Cities suburb with strong renter demand and livability. The property offers convenient access to major highways including I-35E, Highway 61, and I-694, providing seamless connectivity to downtown Minneapolis, Saint Paul, and MSP International Airport. Residents benefit from nearby retail at Birch Lake Square and Main Street Crossing, proximity to Century College and major employment corridors, and access to outdoor amenities such as Tamarack Nature Center, Eagle Lake Regional Park, and White Bear Lake—supporting long-term tenant appeal and retention.

Highlights

Strong Occupancy
Pineview Apartments has benefited from consistently strong occupancy, supported by a stable tenant base and limited turnover. Its urban-suburban setting near schools, parks, and local amenities makes it an appealing option for long-term renters.

Excellent Connectivity
Pineview Apartments is positioned in White Bear Lake, a highly desirable northeast Twin Cities suburb known for strong rental demand and overall livability. The property features excellent access to key highways including I-35E, Highway 61, and I-694, allowing for convenient travel to downtown Minneapolis (~20 miles), Saint Paul, and MSP International Airport (~30 minutes). The surrounding area offers a balance of convenience and lifestyle amenities, with nearby shopping at Birch Lake Square and Main Street Crossing, close proximity to Century College and major employment hubs, and access to outdoor destinations such as Tamarack Nature Center, Eagle Lake Regional Park, and White Bear Lake—enhancing long-term tenant demand and retention.

Strong Submarket Fundamentals
The Maplewood / East Ramsey County submarket has experienced periods of new supply in recent years that temporarily placed upward pressure on vacancy as new units were delivered. As reflected in the graph, vacancy has since moderated as the market absorbed this inventory and development activity slowed. With a more limited pipeline ahead, market conditions are expected to remain relatively balanced as supply and demand continue to normalize.

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Pineview Apartments