Two-Unit Duplex with
For Sale
$210,000
620 Cook Avenue E, Saint Paul, MN 55130
Residential Income, Saint Paul, MN
Property Size1,376 SF
Lot Size0.12 Acres
Price / SF$152.62
Days on Market10
Property Features for 620 Cook Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement
Patio and Porch features
Porch, Deck
Fencing
Chain Link
Subdivision
Arlington Hills Add B40&45-49
Lot features
Irregular Lot
High school district
St. Paul
Directions
Take 35E. Exit Maryland Ave & Go East. Turn South at Edgerton St. Turn East at Cook Ave.
Standard status
Active
APN
292922130063
Size
1,376 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3666
Utilities
Heating system
Forced Air
Amenities
shared porch/deck
Building Details
Year built
1886
Building materials
Concrete
Roof type
Shingle
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Sedat Memetov
(612) 751-9303
Added: Sep 15
Changed: Sep 24
Last Checked: Sep 24 at 11:06AM
MLS# 7144985
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 two-unit duplex at 620 Cook Avenue E in Saint Paul contains 1,376 square feet and was built in 1886. The up-and-down layout includes two one-bedroom, one-bath residences, each with separate living, dining, and kitchen areas. A full unfinished basement provides additional storage and utility space, while the property also includes a shared porch and deck.
The 0.115-acre parcel is enclosed by chain-link fencing and features concrete construction, forced-air heating, and a shingle roof. The separate unit configuration supports both owner occupancy with an additional residence and use as a two-unit rental property, as described in the property information.
The 0.115-acre parcel is enclosed by chain-link fencing and features concrete construction, forced-air heating, and a shingle roof. The separate unit configuration supports both owner occupancy with an additional residence and use as a two-unit rental property, as described in the property information.
Key Highlights
- Two one‑bedroom, one‑bath units with separate living, dining, and kitchen areas
- 1,376 square feet on a 0.115‑acre lot
- Full unfinished basement for storage and utility space
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
$18,466
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
8.79%
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%
$369,320
$369.3K
Cap Rate 7%
$263,800
$263.8K
Cap Rate 9%
$205,178
$205.2K
Market Conditions
NOI Build-Up for 1,376 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
$35.8K $26.04/SF
− Vacancy
−$2.3K −$1.64/SF
EGI
$33.6K $24.40/SF
− OpEx
−$15.1K −$10.98/SF
NOI
$18.5K $13.42/SF
Area
Dakota County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$369,320
Cap Rate 7%
$263,800
Cap Rate 9%
$205,178
Alternative Uses
Best Use
Multifamily LT 5
$287.2K
$251.3K – $335.1K
NOI $20,104 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$263.8K
$230.8K – $307.8K
NOI $18,466 @ 7.0% cap · market cap 8.79%
Theoretical Best
Healthcare Medical
$338.6K
$296.3K – $395.1K
NOI $23,703 @ 7.0% cap · market cap 11.29%
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
1,335
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
Check the figures for this property
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 separate residences provide individual living, dining, and kitchen areas, with shared outdoor space.
Where is this duplex located?
The property is located at 620 Cook Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units with separate living, dining, and kitchen areas; 1,376 square feet on a 0.115‑acre lot; Full unfinished basement for storage and utility space
