Classic Duplex with Detached
For Sale
$250,000
74 Congress Street W, Saint Paul, MN 55107
Residential Income, Saint Paul, MN
Property Size1,495 SF
Lot Size0.13 Acres
Price / SF$167.22
Days on Market75
Property Features for 74 Congress Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Parking features
Garage - Detached, Driveway, Garage
Exterior features
Vinyl
Fencing
Chain Link
Subdivision
Meyers Sub Of, Block 6
High school district
St. Paul
Directions
Robert Street, to George, to Congress to home.
Standard status
Active
APN
072822110107
Size
1,495 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8184
Utilities
Heating system
Oil
Building Details
Year built
1909
Building materials
Block, Concrete, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Ryan A Haagenson
(952) 829-2900
Added: Jun 11
Changed: Aug 22
Last Checked: Aug 24 at 2:06AM
MLS# 7091193
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.
Built in 1909, this duplex contains two two-bedroom, one-bath units arranged on separate levels, with 1,495 square feet of property size on a 0.132-acre lot. The upper residence includes hardwood flooring, wood details, living and dining rooms, and a rear porch. The lower unit is owner-occupied and has hardwood floors beneath existing carpeting. An unfinished third level provides additional unfinished area, while adjacent green space offers room for outdoor use. The property has vinyl exterior siding, block, concrete, and frame construction, an oil heating system, shingle roofing, chain-link fencing, and a detached garage with driveway parking. Located at 74 Congress Street W in Saint Paul’s 55107 ZIP code, the property also carries an existing lien being negotiated with Ramsey County through an attorney.
Key Highlights
- Two two‑bedroom, one‑bath units arranged as upper and lower residences
- 1,495 square feet on a 0.132‑acre lot
- Detached garage, driveway parking, and chain‑link fencing
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
$21,843
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
8.74%
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%
$436,860
$436.9K
Cap Rate 7%
$312,043
$312.0K
Cap Rate 9%
$242,700
$242.7K
Market Conditions
NOI Build-Up for 1,495 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
$33.2K $22.20/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$31.2K $20.87/SF
− OpEx
−$9.4K −$6.26/SF
NOI
$21.8K $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%
$436,860
Cap Rate 7%
$312,043
Cap Rate 9%
$242,700
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.1K
NOI $21,843 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$286.6K
$250.8K – $334.4K
NOI $20,062 @ 7.0% cap · market cap 8.02%
Theoretical Best
Healthcare Medical
$367.9K
$321.9K – $429.2K
NOI $25,753 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged units offer owner-occupancy flexibility and rental income potential in a historic Saint Paul property.
Where is this duplex located?
The property is located at 74 Congress Street W Saint Paul, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two two‑bedroom, one‑bath units arranged as upper and lower residences; 1,495 square feet on a 0.132‑acre lot; Detached garage, driveway parking, and chain‑link fencing
