Renovated Duplex with Detached
For Sale
$349,900
393 Geranium Avenue E, Saint Paul, MN 55130
Residential Income, Saint Paul, MN
Property Size2,112 SF
Lot Size0.20 Acres
Price / SF$165.67
Days on Market43
Property Features for 393 Geranium Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 5
Parking features
Driveway, Garage - Detached
Exterior features
Aluminum Siding, Stucco
Subdivision
John Mongans Stewart Park Add
Lot features
Corner Lot
High school district
St. Paul
Directions
35E to Maryland Ave exit, go east turn right on Edgerton street, turn right on to geranium st.
Standard status
Active
APN
292922220046
Size
2,112 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Forced Air
Building Details
Year built
1917
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Lasha S Raddatz · License #20319973
(651) 955-8161
Added: Jul 27
Changed: Sep 5
Last Checked: Sep 7 at 3:06AM
MLS# 7115844
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 Saint Paul duplex offers 2,112 square feet across an updated residential layout, with renovations completed throughout. The property includes bedrooms, bathrooms, a basement, forced-air heating, aluminum siding and stucco exterior finishes, plus block and concrete construction. A detached garage and driveway provide on-site parking.
One unit is vacant, supporting an owner-occupant arrangement or continued rental use. The property was previously operated as a short-term rental. The basement area was used as a non-conforming unit and requires an egress window. Set on a 0.2037-acre lot, the property is near parks, shopping, dining, downtown Saint Paul, Lake Phalen and commuter routes. Potential subdivision of the oversized lot is noted, subject to buyer verification with the City of Saint Paul.
One unit is vacant, supporting an owner-occupant arrangement or continued rental use. The property was previously operated as a short-term rental. The basement area was used as a non-conforming unit and requires an egress window. Set on a 0.2037-acre lot, the property is near parks, shopping, dining, downtown Saint Paul, Lake Phalen and commuter routes. Potential subdivision of the oversized lot is noted, subject to buyer verification with the City of Saint Paul.
Key Highlights
- Renovated duplex with 2,112 square feet
- One vacant unit supports owner‑occupant use
- Previously operated as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$617,160
$617.2K
Cap Rate 7%
$440,829
$440.8K
Cap Rate 9%
$342,867
$342.9K
Market Conditions
NOI Build-Up for 2,112 SF
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.
Gross rent
$46.9K $22.20/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$44.1K $20.87/SF
− OpEx
−$13.2K −$6.26/SF
NOI
$30.9K $14.61/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$617,160
Cap Rate 7%
$440,829
Cap Rate 9%
$342,867
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,342 @ 7.0% cap · market cap 8.10%
Theoretical Best
Healthcare Medical
$519.7K
$454.8K – $606.4K
NOI $36,381 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
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?
Duplex - Updated two-unit property with a vacant unit and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 393 Geranium Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Renovated duplex with 2,112 square feet; One vacant unit supports owner‑occupant use; Previously operated as a short‑term rental
