Side-by-Side
1019 Carroll Avenue, Saint Paul, MN 55104
For Sale
New
$285,000
Residential Income, Saint Paul, MN
Property Size1,060 SF
Lot Size0.12 Acres
Price / SF$268.87
Days on Market5
Property Features for 1019 Carroll Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Listing Agency:
Longhouse Realty
Listed By:
Peter F. Hao
(952) 228-1049
Added: Nov 5
Changed: Nov 7
Last Checked: Nov 9 at 12:06PM
MLS# 7169453
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two units: a two-bedroom, one-bathroom residence and a three-bedroom, one-bathroom residence. The building was constructed in 1948 and has forced-air heating. Each unit has its own gas and electric utilities.
One unit is vacant, while the other is occupied by a tenant. The property occupies a 0.118-acre lot in Saint Paul, Minnesota. Showings require 24-hour notice.
One unit is vacant, while the other is occupied by a tenant. The property occupies a 0.118-acre lot in Saint Paul, Minnesota. Showings require 24-hour notice.
Key Highlights
- Two side‑by‑side units: one with 2 bedrooms and 1 bathroom, the other with 3 bedrooms and 1 bathroom
- Separate gas and electric utilities for each unit
- One unit vacant; the other tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,487
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,740
$309.7K
Cap Rate 7%
$221,243
$221.2K
Cap Rate 9%
$172,078
$172.1K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$23.5K $22.20/SF
− Vacancy
−$1.4K −$1.33/SF
EGI
$22.1K $20.87/SF
− OpEx
−$6.6K −$6.26/SF
NOI
$15.5K $14.61/SF
Area
Ramsey 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 Rate 5%
$309,740
Cap Rate 7%
$221,243
Cap Rate 9%
$172,078
Alternative Uses
Best Use
Multifamily LT 5
$221.2K
$193.6K – $258.1K
NOI $15,487 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,225 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$252.9K
$221.3K – $295.1K
NOI $17,703 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
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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
$290,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Saint Paul, MN
Properties on Market for Duplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric service supports independent utility arrangements for the two dwellings.
Where is this duplex located?
The property is located at 1019 Carroll Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two side‑by‑side units: one with 2 bedrooms and 1 bathroom, the other with 3 bedrooms and 1 bathroom; Separate gas and electric utilities for each unit; One unit vacant; the other tenant‑occupied
