Updated Duplex with Enclosed
1047 5th St E, Saint Paul, MN 55106
For Sale
$289,900
Pending
Two separate living spaces with a granite-counter kitchen and recently replaced exterior components.
Property Size1,631 SF
Days on Market54
Property Features for 1047 5th St E
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
DeAntrie Adams
(763) 218-9738
Source:
Exprealty
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 8 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Integrity Lakes
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Investment Insights
Based on property information with market context.
Located at 1047 5th St E in Saint Paul, this duplex contains 1,631 square feet across two separate living spaces. The property includes an enclosed front porch, hardwood flooring, and a main-floor kitchen with granite countertops, substantial cabinetry, and dedicated preparation space. The layout retains original character while incorporating practical updates for continued residential use.
The roof, siding, and windows were replaced in 2024. Its Saint Paul setting is near parks, shopping, dining, and everyday amenities. The two-unit configuration provides flexibility for an owner-occupant, rental arrangement, or extended-family living, subject to the buyer’s intended use.
The roof, siding, and windows were replaced in 2024. Its Saint Paul setting is near parks, shopping, dining, and everyday amenities. The two-unit configuration provides flexibility for an owner-occupant, rental arrangement, or extended-family living, subject to the buyer’s intended use.
Key Highlights
- Duplex with 1,631 square feet and two separate living spaces
- Roof, siding, and windows replaced in 2024
- Enclosed front porch with extensive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,830
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,600
$476.6K
Cap Rate 7%
$340,429
$340.4K
Cap Rate 9%
$264,778
$264.8K
Market Conditions
NOI Build-Up for 1,631 SF
Gross rent
$36.2K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$34.0K $20.87/SF
− OpEx
−$10.2K −$6.26/SF
NOI
$23.8K $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%
$476,600
Cap Rate 7%
$340,429
Cap Rate 9%
$264,778
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.2K
NOI $23,830 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,888 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$389.1K
$340.5K – $454.0K
NOI $27,239 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two separate living spaces with a granite-counter kitchen and recently replaced exterior components.
Where is this duplex located?
The property is located at 1047 5th St E Saint Paul, MN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex with 1,631 square feet and two separate living spaces; Roof, siding, and windows replaced in 2024; Enclosed front porch with extensive windows
