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    Side-by-Side Duplex Investment Title is generated by Realmo AI

    331-333 S McKnight Road, Saint Paul, MN 55119

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    For Sale
    $400,000

    MULTI_FAMILY - Saint Paul, MN

    Property size:
    1,860 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $215/SF
    Added:
    Jun 13, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 30 at 9:06 am

    Property Features for 331-333 S McKnight Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3
    Parking features
    Driveway, Garage - Detached
    Exterior features
    Brick/Stone, Slate
    Fencing
    Chain Link
    Standard status
    Active
    APN
    112822110004
    Size
    1,860 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7282

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1968
    Building materials
    Block

    We can help!

    Contact an agent
    Amy Stine

    Listing agent Amy Stine

    Listing office RE/MAX Advantage Plus 1600 W 82nd Street, Suite 105, Savage, MN

    Listing date Jun 13, 2026

    MLS# 7092621 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.

    HighLights

    • Side‑by‑side duplex built in 1968 with both units fully occupied
    • Month‑to‑month tenants: unit 331 rents for $1,392.56/month and unit 333 rents for $1,529.55/month
    • Tenants cover lawn care and snow removal, plus electric, gas, and water; owner pays garbage and taxes
    • Driveway parking with detached garage; chain link fencing
    • Heating: forced air; exterior materials include block construction with brick/stone and slate elements
    • Potential to add an additional bedroom on each side; seller notes one housekeeping item to complete before closing

    Overview

    This well maintained side-by-side duplex includes two separate units at 331 and 333. Each side is fully occupied and has been for many years, with tenants currently on month-to-month leases. The seller notes that there are updates to review from the roof to the furnace, and there is one housekeeping item to be completed before closing related to a leaking, warrantied faucet on the 333 side. The property also includes the potential to add an additional bedroom on each side. Measurements were completed by CubiCasa and are considered highly reliable but not guaranteed.

    The duplex is located at 331-333 S McKnight Road in Saint Paul, in Ramsey County, MN. Tenants are responsible for lawn care and snow removal, as well as electric, gas, and water. The owner is responsible for garbage and taxes.

    For an owner-occupant, the side-by-side layout can support living in one unit while offsetting expenses with rental income from the other. For investors, the building is currently stabilized with both units occupied, and the month-to-month structure provides flexibility for future planning. Current rent is listed as $1,392.56 per month for unit 331 and $1,529.55 per month for unit 333.

    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 $41.3k $22.20
    − Vacancy −$2.5k −$1.33
    EGI $38.8k $20.87
    − OpEx −$11.6k −$6.26
    NOI $27.2k $14.61
    1,860 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $388.2K
    $339.7K – $452.9K (±1% cap)
    NOI $27,176 @ 7.0% cap · market cap 6.79%
    Second Best
    Apartment 5plus
    $356.6K
    $312.0K – $416.0K (±1% cap)
    NOI $24,961 @ 7.0% cap · market cap 6.24%
    Theoretical Best
    Healthcare Medical
    $457.7K
    $400.5K – $534.0K (±1% cap)
    NOI $32,040 @ 7.0% cap · market cap 8.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Gym & Fitness Center Daycare Center Pharmacy Kitchen & Bath Showroom Department Store Food Market Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0052103
    Latitude
    44.9310543

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex with month-to-month tenants, offering an owner-occupy or investor approach with defined expense responsibilities.
    Where is this duplex located?
    The property is located at 331-333 S McKnight Road Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Side‑by‑side duplex built in 1968 with both units fully occupied; Month‑to‑month tenants: unit 331 rents for $1,392.56/month and unit 333 rents for $1,529.55/month; Tenants cover lawn care and snow removal, plus electric, gas, and water; owner pays garbage and taxes
    More about this property
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