Turn-Key Renovated
597 Virginia Street Saint Paul, MN 55103
597 Virginia Street, Saint Paul, MN, 55103
$359,500
For Sale
$359,500
MULTI_FAMILY - Saint Paul, MN
Property Size2,026 SF
Lot Size0.12 Acres
Price / SF$177.44
Days on Market233
Property Features for 597 Virginia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
- Parking features
- On Street
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 362923130039
- Size
- 2,026 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5434
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1900
Listing Agency
Keller Williams Premier Realty
(651) 379-5252
635 Bielenberg Dr Ste 100, Woodbury, MN
Listed by
William Schultz
(651) 379-5252
Added: Nov 25, 2025 Checked: Jul 16 at 7:06 pm
MLS# 6819684
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 fully renovated, turn-key duplex includes two rental units with updated kitchens and bathrooms throughout. The upper unit’s kitchen was renovated in 2020, and all bathrooms were fully redone in 2023, with granite countertops added in 2023. Plumbing upgrades include modern PEX water lines installed throughout the kitchens and bathrooms in 2023. Exterior improvements include a new roof, new siding, and soft metal installed in 2022, plus gutter covers intended to reduce ongoing maintenance. Additional interior updates include fresh interior paint, ceiling repairs in the upper unit (2024) and lower unit (2025), and three newer windows in the lower unit. The lower unit also has a recently added third bedroom.
The property is located at 597 Virginia Street in Saint Paul’s Frogtown neighborhood in Ramsey County. Both leases are currently month-to-month, which can provide flexibility for an owner-occupant or investor.
For tenants, this setup supports straightforward occupancy with updated, low-maintenance components already addressed. For buyers, the month-to-month structure allows adjustments as needed, and the stated rent increases in January 2026 set a higher level of income going forward ($1,650 for Unit 1 and $1,450 for Unit 2). Please note that measurements must be confirmed by the buyer’s agent, and showings require 36–48 hours’ notice due to tenant occupancy; no same-day showings are available.
The property is located at 597 Virginia Street in Saint Paul’s Frogtown neighborhood in Ramsey County. Both leases are currently month-to-month, which can provide flexibility for an owner-occupant or investor.
For tenants, this setup supports straightforward occupancy with updated, low-maintenance components already addressed. For buyers, the month-to-month structure allows adjustments as needed, and the stated rent increases in January 2026 set a higher level of income going forward ($1,650 for Unit 1 and $1,450 for Unit 2). Please note that measurements must be confirmed by the buyer’s agent, and showings require 36–48 hours’ notice due to tenant occupancy; no same-day showings are available.
Key Highlights
- Fully renovated duplex with updated kitchens and bathrooms in both units
- Upper unit kitchen renovated in 2020; all bathrooms fully redone in 2023
- Major exterior updates include new roof and siding, plus soft metal installed in 2022
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 | $45.0k | $22.20 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $42.3k | $20.87 |
| − OpEx | −$12.7k | −$6.26 |
| NOI | $29.6k | $14.61 |
2,026 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,601 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 7.56%
Theoretical Best
Healthcare Medical
$498.6K
$436.3K – $581.7K
NOI $34,900 @ 7.0% cap · market cap 9.71%
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 - Fully renovated two-unit property with updated kitchens and baths, month-to-month leases, and planned rent increases in 2026.
Where is this duplex located?
The property is located at 597 Virginia Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $359,500.
What are key features of this property?
This property features: Fully renovated duplex with updated kitchens and bathrooms in both units; Upper unit kitchen renovated in 2020; all bathrooms fully redone in 2023; Major exterior updates include new roof and siding, plus soft metal installed in 2022
