Duplex with Detached
For Sale
$169,900
Pending
324 E 5th Street, Saint Charles, MN 55972
Residential Income, Saint Charles, MN
Property Size1,367 SF
Lot Size0.26 Acres
Days on Market55
Property Features for 324 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Basement, Bedroom 3, Bathroom 2
Parking features
Garage - Detached
Subdivision
Original
High school district
St. Charles
Directions
Richland Ave, East on E 5th St
Standard status
Pending
APN
290601410
Size
1,367 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2108
Utilities
Heating system
Oil
Building Details
Year built
1885
Building materials
Frame
Roof type
Shingle
Listing Agency:
Coffee House Real Estate LLC
(507) 896-7653
Listed By:
Mitchell Walch
(507) 450-8046
Added: Aug 12
Changed: Sep 24
Last Checked: Oct 5 at 12:06PM
MLS# 7127151
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 1,367-square-foot duplex, built in 1885, provides two separate living arrangements within a frame structure. The lower level includes two bedrooms and one bathroom, along with many recent updates. The upper level has one bedroom, one bathroom, and a deck with a view. The property could accommodate an owner-occupant in one unit while the other is rented, or operate as a two-unit residential property.
Set on 0.26 acres at 324 E 5th Street in Saint Charles, Minnesota, the property includes a detached garage. Additional physical details include shingle roofing and oil heat. The layout may also allow conversion back to a single-family home.
Set on 0.26 acres at 324 E 5th Street in Saint Charles, Minnesota, the property includes a detached garage. Additional physical details include shingle roofing and oil heat. The layout may also allow conversion back to a single-family home.
Key Highlights
- Two‑unit layout with a 2‑bedroom, 1‑bath lower level and a 1‑bedroom, 1‑bath upper level
- 1,367 square feet on a 0.26‑acre lot
- Lower‑level unit includes many recent updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,421
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,420
$268.4K
Cap Rate 7%
$191,729
$191.7K
Cap Rate 9%
$149,122
$149.1K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$20.5K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$19.2K $14.03/SF
− OpEx
−$5.8K −$4.21/SF
NOI
$13.4K $9.82/SF
Area
Olmsted County, MN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,420
Cap Rate 7%
$191,729
Cap Rate 9%
$149,122
Alternative Uses
Best Use
Multifamily LT 5
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$360.6K
$315.5K – $420.7K
NOI $25,242 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 55972, MN
5,265
Population
2,134
Households
2.5
Avg Household Size
36
Median Age
33%
College-Educated
93%
High-School Grad
88.3 sq mi
ZIP Area
60
Density / Sq Mi
$97,500
Median Household Income
$49,482
Median Earnings
$942
Median Rent
$256,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level property offers distinct one- and two-bedroom living arrangements with flexible occupancy potential.
Where is this duplex located?
The property is located at 324 E 5th Street Saint Charles, MN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit layout with a 2‑bedroom, 1‑bath lower level and a 1‑bedroom, 1‑bath upper level; 1,367 square feet on a 0.26‑acre lot; Lower‑level unit includes many recent updates
