Updated Up-and-Down Duplex with Private
221 3rd Avenue NE Saint Cloud, MN 56304
221 3rd Avenue NE, Saint Cloud, MN, 56304
$282,900
Pending
For Sale
$282,900
Pending
MULTI_FAMILY - Saint Cloud, MN
Property Size1,658 SF
Lot Size0.17 Acres
Days on Market67
Property Features for 221 3rd Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
- Parking features
- Open, Garage - Detached
- Exterior features
- Brick/Stone, Stucco, Vinyl
- Standard status
- Pending
- APN
- 170078500
- Size
- 1,658 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1742
Utilities
- Heating system
- Forced Air, Baseboard
Building Details
- Year built
- 1920
- Roof type
- Shingle
Listing Agency
Your Next Place Real Estate
(320) 257-9000
1411 W Saint Germain St #2, Maple Lake, MN
Listed by
Brendan Mooney
(612) 360-7560
Added: May 13 Checked: Jul 18 at 8:06 am
MLS# 7073155
Listing URL
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.
Built in 1920, this updated up-and-down duplex is configured as a two-unit residential income property. The lower unit offers two bedrooms and one bathroom with open layout living space, large picture windows for natural light, and high ceilings. Updates include an updated kitchen and a remodeled bathroom with a modern walk-in shower and dual showerheads. From the main level, the unit also has access to the basement, which provides additional storage and a laundry area, and includes framing ready for finishing. The upstairs unit features one bedroom and one bathroom with a private exterior entrance, along with a kitchen, living room, and its own laundry area.
The property has a convenient St. Cloud location with easy access to downtown, parks, and the river. Exterior features include a fenced-in backyard and a detached two-stall garage.
This layout can work well for an owner-occupant seeking rental income alongside a self-contained living space, or for an investor looking for a duplex with documented system and interior updates. Recent improvements noted include spray foam insulation, electrical and plumbing work, a furnace and air conditioner, along with drywall, flooring, and cabinet updates across the home.
The property has a convenient St. Cloud location with easy access to downtown, parks, and the river. Exterior features include a fenced-in backyard and a detached two-stall garage.
This layout can work well for an owner-occupant seeking rental income alongside a self-contained living space, or for an investor looking for a duplex with documented system and interior updates. Recent improvements noted include spray foam insulation, electrical and plumbing work, a furnace and air conditioner, along with drywall, flooring, and cabinet updates across the home.
Key Highlights
- Up‑and‑down duplex built in 1920 with classic exterior materials including brick/stone, stucco, and vinyl
- Lower unit: 2 bed, 1 bath with over 1,000 sq ft of finished living space and an open layout with large picture windows
- Lower unit updates include remodeled bathroom with modern walk‑in shower and dual showerheads, plus access to the basement for storage and laundry
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 | $36.8k | $22.20 |
| − Vacancy | −$2.2k | −$1.33 |
| EGI | $34.6k | $20.87 |
| − OpEx | −$10.4k | −$6.26 |
| NOI | $24.2k | $14.61 |
1,658 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.1K
$302.8K – $403.8K
NOI $24,225 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$317.9K
$278.1K – $370.8K
NOI $22,250 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - An updated 1920s duplex with separate upper entry, laundry areas, and a fenced yard with a detached two-stall garage.
Where is this duplex located?
The property is located at 221 3rd Avenue NE Saint Cloud, MN.
What is the asking price?
The asking price for this property is $282,900.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1920 with classic exterior materials including brick/stone, stucco, and vinyl; Lower unit: 2 bed, 1 bath with over 1,000 sq ft of finished living space and an open layout with large picture windows; Lower unit updates include remodeled bathroom with modern walk‑in shower and dual showerheads, plus access to the basement for storage and laundry
