Stonebridge Apartments

Michel Commercial is pleased to present Stonebridge Apartments — a well-maintained 36-home apartment community located in Stillwater, MN. Built in 1967, the property features an all–two-bedroom layout across two well-kept buildings. With a strong history of occupancy, consistent operations, and a focus on long-term maintenance, Stonebridge presents a reliable and attractive investment opportunity in one of the Twin Cities’ most desirable suburban markets. Stonebridge Apartments has undergone significant recent upgrades that enhance both performance and resident appeal. Building improvements include a new boiler, newer DuraLast roofs, and bronze aluminum windows for long-term reliability. Recent interior renovations include updated kitchens, new vinyl flooring, new patio doors, and refreshed bedroom carpeting. Exterior updates, including new sidewalks and landscaping, further strengthen curb appeal and minimize near-term capital needs. With proactive ownership, the property demonstrates lasting quality and stable operations. Stonebridge Apartments represents a stable, income-producing asset within the Stillwater rental market. Supported by limited new multifamily supply and continued job growth in healthcare, education, and service industries, the property is well positioned for ongoing rent growth and value preservation. Its strong occupancy, solid operations, and long-term maintenance record make Stonebridge a dependable and low-risk addition to any multifamily portfolio.

Stonebridge Apartments offers residents a prime Stillwater location with convenient access to major highways, including Highways 36, 5, and 95, providing easy connections throughout the metro. The property is just minutes from historic Downtown Stillwater and within a short drive of Interstate 694, offering direct access to the Twin Cities.