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Twin Pines Apartments

Twin Pines Apartments

966 Robert St S  /

Property Details

Price:
Property Type Multifamily
Year Built: 1963
Number of Units: 46
County: Dakota

Description

Michel Commercial is pleased to present Twin Pines Apartments, a well-maintained, two-building, 46-home community located in the city of West St. Paul, Dakota County. Because the property is in West St. Paul—not St. Paul proper—it is not subject to rent control ordinances. Each unit features in-home laundry and a desirable mix of floorplans. Recent capital improvements include luxury vinyl plank flooring and granite or quartz countertops in select units. The property also offers both surface and garage parking. With strong in-place income, recent upgrades, and limited new development in the West St. Paul submarket, Twin Pines Apartments offers stable cash flow today with upside potential through future rent growth—making it a compelling investment opportunity in a high-visibility, growing area.

Location

Situated along the Robert Street corridor, Twin Pines enjoys close proximity to a wide range of restaurants, retail stores, and parks. Residents benefit from convenient access to Highway 52 and Interstate 494, offering quick commutes to both downtown St. Paul and Minneapolis. The location strikes a balance between urban convenience and suburban comfort.

Highlights

Strong Rent Growth
The submarket is experiencing some of the strongest rent growth in the Twin Cities, driven by limited new supply. Rents grew 3.0% in Q2 2025 and have increased each quarter.

Operational Upside
Many units feature updates such as oak cabinets, LVP flooring, and granite or quartz countertops. Recent underperformance was due to management issues, creating an opportunity for a new owner to improve operations and stabilize income.

Near the St. Paul CBD (152K+ Jobs)
Located just south of downtown St. Paul, the property offers easy access to over 152,000 jobs. Nearby major employers include 3M, Ecolab, HealthPartners, and Securian Financial.

Supply-Constrained Submarket
Twin Pines Apartments is located in West St. Paul, a submarket with no new developments underway. The last delivery was 126 units in early 2024, and since then, vacancy dropped from 17.3% to 6.5%, signaling strong absorption and demand—supporting continued rent growth.

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