Recently Updated
For Sale
$550,000
1083 Chatsworth Street N, Saint Paul, MN 55103
Residential Income, Saint Paul, MN
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$178.57
Days on Market174
Property Features for 1083 Chatsworth Street N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Exterior features
Stucco, Vinyl
Subdivision
Warrendale
High school district
St. Paul
Directions
I-94 to Lexington Avenue to Orchard Avenue, left on Chatsworth St
Standard status
Active
APN
262923220145
Size
3,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4717
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Alyssa Strom
(612) 821-7400
Added: Feb 27
Changed: Aug 19
Last Checked: Aug 20 at 1:06AM
MLS# 7028228
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently updated four-plex includes four residential units configured as three 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Interior updates mentioned for the remodeled units include new flooring, updated kitchens and baths, and new paint throughout. The property is built with stucco and vinyl exterior features and served by hot water heating. Constructed in 1900, it includes a basement.
Located at 1083 Chatsworth Street N in Saint Paul’s Como Park area, the property is described as being just blocks from Como Park, Como Zoo, Conservatory, a nearby golf course, and lakeside trails. Access to both downtown Saint Paul and Minneapolis is described as convenient.
With a mix of 1-bedroom and 2-bedroom layouts, the building offers flexible tenancy for households seeking either compact or slightly larger accommodations within the same four-unit structure.
Located at 1083 Chatsworth Street N in Saint Paul’s Como Park area, the property is described as being just blocks from Como Park, Como Zoo, Conservatory, a nearby golf course, and lakeside trails. Access to both downtown Saint Paul and Minneapolis is described as convenient.
With a mix of 1-bedroom and 2-bedroom layouts, the building offers flexible tenancy for households seeking either compact or slightly larger accommodations within the same four-unit structure.
Key Highlights
- 0.138‑acre lot with 3,080 SF four‑plex in Saint Paul, MN
- Three 1‑bed/1‑bath units plus one 2‑bed/1‑bath unit
- Remodeled units include new flooring, updated kitchens and baths, and new paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,001
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,020
$900.0K
Cap Rate 7%
$642,871
$642.9K
Cap Rate 9%
$500,011
$500.0K
Market Conditions
NOI Build-Up for 3,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.4K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$64.3K $20.87/SF
− OpEx
−$19.3K −$6.26/SF
NOI
$45.0K $14.61/SF
Area
Dakota County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,020
Cap Rate 7%
$642,871
Cap Rate 9%
$500,011
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,333 @ 7.0% cap · market cap 7.52%
Theoretical Best
Healthcare Medical
$757.9K
$663.2K – $884.3K
NOI $53,056 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-plex with three 1-bed/1-bath units and one 2-bed/1-bath unit, recently updated with remodeled interiors.
Where is this quadplex located?
The property is located at 1083 Chatsworth Street N Saint Paul, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 0.138‑acre lot with 3,080 SF four‑plex in Saint Paul, MN; Three 1‑bed/1‑bath units plus one 2‑bed/1‑bath unit; Remodeled units include new flooring, updated kitchens and baths, and new paint
