Updated Four-Unit
New
For Sale
$535,000
1113 Edgerton Street, Saint Paul, MN 55130
Residential Income, Saint Paul, MN
Property Size2,672 SF
Lot Size0.13 Acres
Price / SF$200.22
Days on Market4
Property Features for 1113 Edgerton Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 2
Exterior features
Metal, Vinyl
Subdivision
Beaupre & Kellys Add
High school district
St. Paul
Directions
35E to Maryland, east to Edgerton, south-corner of Jessamine and Edgerton
Standard status
Active
APN
292922210088
Size
2,672 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2318
Utilities
Heating system
Hot Water(Heating), Space Heater
Amenities
tenant storage units
coin-operated laundry
off-street parking
Building Details
Year built
1906
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
Listed By:
Thomas Geisler
(651) 379-1500
Added: Sep 4
Changed: Sep 7
Last Checked: Sep 7 at 9:06AM
MLS# 7136883
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 four-unit residential property contains a 3BR/2BA unit, a 3BR/1BA unit, a 2BR/1BA top-floor apartment, and a studio/efficiency. The 2,672-square-foot building was constructed in 1906 and occupies 0.132 acres. Recent capital improvements include siding and roofing completed in 2025, newer windows, replacement water heaters and boiler, approximately 75% new appliances, and new flooring in Unit 3.
The basement includes built tenant storage along with two separate owner storage rooms. Residents also have access to coin-operated laundry, with equipment leased and maintained through a BDS partnership. Off-street parking is provided. The property is located at 1113 Edgerton Street in Saint Paul, Minnesota.
The basement includes built tenant storage along with two separate owner storage rooms. Residents also have access to coin-operated laundry, with equipment leased and maintained through a BDS partnership. Off-street parking is provided. The property is located at 1113 Edgerton Street in Saint Paul, Minnesota.
Key Highlights
- Four‑unit layout with 3BR/2BA, 3BR/1BA, 2BR/1BA, and studio/efficiency units
- 2,672 square feet on a 0.132‑acre lot
- New siding and roof completed in 2025
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
$39,040
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
7.30%
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%
$780,800
$780.8K
Cap Rate 7%
$557,714
$557.7K
Cap Rate 9%
$433,778
$433.8K
Market Conditions
NOI Build-Up for 2,672 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
$59.3K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$55.8K $20.87/SF
− OpEx
−$16.7K −$6.26/SF
NOI
$39.0K $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%
$780,800
Cap Rate 7%
$557,714
Cap Rate 9%
$433,778
Alternative Uses
Best Use
Multifamily LT 5
$557.7K
$488.0K – $650.7K
NOI $39,040 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$512.2K
$448.2K – $597.6K
NOI $35,857 @ 7.0% cap · market cap 6.70%
Theoretical Best
Healthcare Medical
$657.5K
$575.4K – $767.1K
NOI $46,028 @ 7.0% cap · market cap 8.60%
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
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
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 residential units with refreshed building systems, basement storage, laundry equipment, and off-street parking.
Where is this quadplex located?
The property is located at 1113 Edgerton Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four‑unit layout with 3BR/2BA, 3BR/1BA, 2BR/1BA, and studio/efficiency units; 2,672 square feet on a 0.132‑acre lot; New siding and roof completed in 2025
