Duplex with Updated
229 2nd Avenue S South Saint Paul, MN 55075
229 2nd Avenue S, South Saint Paul, MN, 55075
$355,000
For Sale
$355,000
MULTI_FAMILY - South Saint Paul, MN
Property Size1,802 SF
Lot Size0.23 Acres
Price / SF$197
Days on Market32
Property Features for 229 2nd Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1
- Exterior features
- Vinyl
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 363255015090
- Size
- 1,802 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4492
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1917
Listing Agency
Keller Williams Premier Realty
(651) 379-5252
635 Bielenberg Dr Ste 100, Woodbury, MN
Listed by
William Schultz
(651) 379-5252
Added: Jun 15 Checked: Jul 16 at 7:06 pm
MLS# 7094696
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.
This duplex at 229 2nd Avenue S features a residential income layout with two units under one property ownership. The exterior has had major updates, including a replaced roof and replaced siding, along with other exterior improvements intended to help reduce near-term maintenance concerns. Buyer verification is recommended for all measurements.
The property is positioned in a convenient South Saint Paul location near public transportation and within reach of local restaurants, retail, and everyday services. It sits close to the Southview Boulevard and Concord Street corridor and provides convenient access into downtown St. Paul and the St. Paul Downtown Airport.
For owner-occupants or investors, the updated exterior makes the property easier to manage and maintain as a rental duplex. Its location near commercial corridors and transportation supports a practical live-in or lease-out strategy for tenants who need routine access to area amenities. All measurements should be verified by the buyer’s agent.
The property is positioned in a convenient South Saint Paul location near public transportation and within reach of local restaurants, retail, and everyday services. It sits close to the Southview Boulevard and Concord Street corridor and provides convenient access into downtown St. Paul and the St. Paul Downtown Airport.
For owner-occupants or investors, the updated exterior makes the property easier to manage and maintain as a rental duplex. Its location near commercial corridors and transportation supports a practical live-in or lease-out strategy for tenants who need routine access to area amenities. All measurements should be verified by the buyer’s agent.
Key Highlights
- Duplex in South Saint Paul near Southview Boulevard and the Concord Street corridor
- Major exterior updates include a replaced roof and replaced siding
- Heating: forced air; exterior features include vinyl
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 | $40.0k | $22.20 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $37.6k | $20.87 |
| − OpEx | −$11.3k | −$6.26 |
| NOI | $26.3k | $14.61 |
1,802 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.8K
NOI $26,328 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$345.5K
$302.3K – $403.0K
NOI $24,182 @ 7.0% cap · market cap 6.81%
Theoretical Best
Healthcare Medical
$443.4K
$388.0K – $517.4K
NOI $31,041 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with replaced roof and siding, offering a well-maintained residential income configuration in South Saint Paul.
Where is this duplex located?
The property is located at 229 2nd Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Duplex in South Saint Paul near Southview Boulevard and the Concord Street corridor; Major exterior updates include a replaced roof and replaced siding; Heating: forced air; exterior features include vinyl
