Updated Duplex with In-Unit
For Sale
$269,900
828 Englewood Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size1,452 SF
Lot Size0.12 Acres
Price / SF$185.88
Days on Market53
Property Features for 828 Englewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Parking features
Parking Lot
Exterior features
Vinyl
Subdivision
Winters Add To, St Paul
High school district
St. Paul
Directions
Lexington to Minnehaha Ave. Go East on Minnehaha to Victoria. Go North on Victoria to Englewood. Go East on Englewood to home.
Standard status
Active
APN
262923430113
Size
1,452 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6458
Utilities
Heating system
Baseboard
Amenities
in-unit laundry
Building Details
Year built
1913
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 698-8006
Listed By:
Christopher A Deming
(952) 829-2900
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 7102997
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 1,452-square-foot duplex was built in 1913 on a 0.123-acre lot and contains two nearly matching residences. Each unit offers three bedrooms, a full bathroom, a living room, kitchen, and in-unit laundry, with separate entrances serving each residence. The property has a vinyl exterior, shingle roof, baseboard heat, and off-street parking through a dedicated parking lot.
Recent and notable improvements include a 2010 roof, refinished hardwood flooring, updated appliances, newer windows, and a washer and dryer in each unit. The property is positioned near downtown areas, university campuses, and the freeway system, providing access to major local destinations and transportation routes.
Recent and notable improvements include a 2010 roof, refinished hardwood flooring, updated appliances, newer windows, and a washer and dryer in each unit. The property is positioned near downtown areas, university campuses, and the freeway system, providing access to major local destinations and transportation routes.
Key Highlights
- Two‑unit duplex with 1,452 SF of total property size
- Each unit includes 3 bedrooms, a full bathroom, kitchen, and living room
- Separate entrances support privacy between residences
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
$21,215
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
7.86%
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%
$424,300
$424.3K
Cap Rate 7%
$303,071
$303.1K
Cap Rate 9%
$235,722
$235.7K
Market Conditions
NOI Build-Up for 1,452 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
$32.2K $22.20/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$30.3K $20.87/SF
− OpEx
−$9.1K −$6.26/SF
NOI
$21.2K $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%
$424,300
Cap Rate 7%
$303,071
Cap Rate 9%
$235,722
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,215 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,485 @ 7.0% cap · market cap 7.22%
Theoretical Best
Healthcare Medical
$357.3K
$312.7K – $416.9K
NOI $25,012 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
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 - Two matching residential units provide private entrances, three bedrooms, and laundry within each unit.
Where is this duplex located?
The property is located at 828 Englewood Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,452 SF of total property size; Each unit includes 3 bedrooms, a full bathroom, kitchen, and living room; Separate entrances support privacy between residences
