Renovated Duplex with Mother-in-Law
144 8th Avenue S South Saint Paul, MN 55075
144 8th Avenue S, South Saint Paul, MN, 55075
$429,000
Pending
For Sale
$429,000
Pending
MULTI_FAMILY - South Saint Paul, MN
Property Size2,212 SF
Lot Size0.17 Acres
Days on Market74
Property Features for 144 8th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3
- Exterior features
- Stucco
- Standard status
- Pending
- APN
- 363255001190
- Size
- 2,212 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5538
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1925
- Building materials
- Brick, Frame
Listing agency
RE/MAX Synergy
(651) 464-7070
Listed by
Zak Carchedi
(651) 464-7070
Added: May 11 Updated: Jul 23 at 12:41AM Checked: Jul 23 at 6:06AM
MLS# 7071946
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 updated duplex includes two rental units plus an added mother-in-law suite, creating three separate units. All three units have undergone renovations to modernize the interiors. The property also includes a detached garage, an asphalt driveway, and additional off-street parking, supporting everyday resident convenience.
Located in South Saint Paul, the home offers easy access to major highways, including Hwy 52 and I-494. The surrounding area is described as close to local restaurants and coffee shops, schools, parks, and Mississippi River trails, with nearby shopping options as well.
Designed for flexibility, the layout can support owner-occupancy, multi-generational living, or a multi-unit rental strategy. With renovations completed across all units and off-street parking included, the property presents a turnkey option for buyers seeking an updated residential income asset in South Saint Paul.
Located in South Saint Paul, the home offers easy access to major highways, including Hwy 52 and I-494. The surrounding area is described as close to local restaurants and coffee shops, schools, parks, and Mississippi River trails, with nearby shopping options as well.
Designed for flexibility, the layout can support owner-occupancy, multi-generational living, or a multi-unit rental strategy. With renovations completed across all units and off-street parking included, the property presents a turnkey option for buyers seeking an updated residential income asset in South Saint Paul.
Key Highlights
- Updated duplex with 2 rental units plus an added mother‑in‑law suite (3 units total)
- All three units have been renovated to modernize the interiors
- Detached garage with asphalt driveway and additional off‑street parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.1k | $22.20 |
| − Vacancy | −$2.9k | −$1.33 |
| EGI | $46.2k | $20.87 |
| − OpEx | −$13.9k | −$6.26 |
| NOI | $32.3k | $14.61 |
2,212 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.7K
$404.0K – $538.7K
NOI $32,319 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 6.92%
Theoretical Best
Healthcare Medical
$544.3K
$476.3K – $635.1K
NOI $38,104 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated duplex offering three renovated units, detached garage, and off-street parking near major highways.
Where is this triplex located?
The property is located at 144 8th Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Updated duplex with 2 rental units plus an added mother‑in‑law suite (3 units total); All three units have been renovated to modernize the interiors; Detached garage with asphalt driveway and additional off‑street parking
