Four-Unit Property with Detached
For Sale
$749,900
1681 Dayton Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size2,920 SF
Lot Size0.13 Acres
Price / SF$256.82
Days on Market88
Property Features for 1681 Dayton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Basement, Bedroom 1, Bedroom 4
Parking features
Garage - Detached, Open
Exterior features
Brick/Stone, Stucco
Subdivision
Oakland Park Addition, To The C
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
St. Paul
Directions
94 to Snelling Ave N, S to Dayton Ave, W to property
Standard status
Active
APN
042823110146
Size
2,920 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12107
Utilities
Heating system
Forced Air
Amenities
shared laundry facilities
basement storage
Building Details
Year built
1958
Building materials
Block, Frame
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 552-3600
Listed By:
Christopher J Ames · License #710057
(952) 829-2900
Added: Jul 10
Changed: Sep 26
Last Checked: Oct 5 at 8:06PM
MLS# 7107652
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 2,920-square-foot quadplex contains four apartments with hardwood floors, generous living areas, strong natural light, and period architectural character. The 1958 property includes separate gas and electric meters, updated mechanical systems, shared laundry facilities, basement storage, and a detached three-car garage. Exterior materials include brick/stone and stucco, while forced-air heating serves the building. Parking is provided through the detached garage and open spaces.
The property is located in Saint Paul's Merriam Park neighborhood, near the University of St. Thomas, Macalester College, the Mississippi River, neighborhood parks, restaurants, shopping, and public transit. Its setting also provides access to both downtowns. The combination of four residential units, utility separation, storage, laundry, and garage parking creates a practical multifamily configuration.
The property is located in Saint Paul's Merriam Park neighborhood, near the University of St. Thomas, Macalester College, the Mississippi River, neighborhood parks, restaurants, shopping, and public transit. Its setting also provides access to both downtowns. The combination of four residential units, utility separation, storage, laundry, and garage parking creates a practical multifamily configuration.
Key Highlights
- Four‑unit quadplex with 2,920 square feet of building area
- 0.127‑acre site in Saint Paul's Merriam Park neighborhood
- Detached three‑car garage plus open parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,663
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,260
$853.3K
Cap Rate 7%
$609,471
$609.5K
Cap Rate 9%
$474,033
$474.0K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$64.8K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$60.9K $20.87/SF
− OpEx
−$18.3K −$6.26/SF
NOI
$42.7K $14.61/SF
Area
Ramsey 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 Rate 5%
$853,260
Cap Rate 7%
$609,471
Cap Rate 9%
$474,033
Alternative Uses
Best Use
Multifamily LT 5
$609.5K
$533.3K – $711.1K
NOI $42,663 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$559.8K
$489.8K – $653.1K
NOI $39,186 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$696.7K
$609.6K – $812.8K
NOI $48,766 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature hardwood flooring, separate utility meters, shared laundry, basement storage, and updated mechanical systems.
Where is this quadplex located?
The property is located at 1681 Dayton Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four‑unit quadplex with 2,920 square feet of building area; 0.127‑acre site in Saint Paul's Merriam Park neighborhood; Detached three‑car garage plus open parking
