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The Paxon apartments in Minneapolis, MN

Updated

The Paxon

360 N 1st St, Minneapolis, MN 55401

3.8 (64 reviews) Official Website

Live pricing, refreshed

7
Units Listed
$1,916
Starting at
$2,263
Average
$2,625
Highest
$2.63
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Central Minneapolis rent trends

Beds

Pricing by Bedroom

1 Bed
$2,124
from $1,916 · 5 units
~767 sqft avg
2 Bed
$2,612
from $2,599 · 2 units
~1,097 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (24)

Largest 8 movers of 24

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$267K

$3.2M annual run rate

Est. Occupancy

95%

of about 140 units (reported building size)

Effective Rent on New Leases

$2,008

vs $2,263 current asking ($255 negotiation gap)

Recent Lease Activity

28 units tracked; 21 assumed leased, 7 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

7

Moderate availability

6 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Available Units

7 units
1 Bed / 1 Bath The Ridge - 1 Bedroom
$1,916/mo
678 ft² · $2.83/ft\u00B2 · #241
Up $19 since Jul 10 (was $1,897)
1 Bed / 1 Bath The Well - 1 Bedroom
$1,978/mo
706 ft² · $2.80/ft\u00B2 · #131
Up $28 since Jul 10 (was $1,950)
1 Bed / 1 Bath The Brook - 1 Bedroom
$2,045/mo
799 ft² · $2.56/ft\u00B2 · #555
Up $14 since Jul 2 (was $2,031)
1 Bed / 1 Bath The Quarry - 1 Bedroom
$2,175/mo
752 ft² · $2.89/ft\u00B2 · #439
Up $14 since Jul 2 (was $2,161)
1 Bed / 1 Bath The Springs - 1.5 Bedroom
$2,504/mo
901 ft² · $2.78/ft\u00B2 · #530
Up $24 since Jul 10 (was $2,480)
2 Bed / 2 Bath The Woodland - 2 Bedroom
$2,599/mo
1,097 ft² · $2.37/ft\u00B2 · #133
Down $78 since Jun 23 (was $2,677)
2 Bed / 2 Bath The Woodland - 2 Bedroom
$2,625/mo
1,097 ft² · $2.39/ft\u00B2 · #233

Train activity

Severe nighttime trains

Freight line 478 ft away · 10 trains/day

  • 5 daytime, 5 overnight
  • Crossing 478 ft away. Horns expected day and night.
  • Operator: BNSF

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Minneapolis, MN notes

No resident notes for this property yet.

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