Up/Down Duplex with
For Sale
$425,000
1062 Front Avenue, Saint Paul, MN 55103
MULTI_FAMILY - Saint Paul, MN
Property Size2,154 SF
Lot Size0.11 Acres
Price / SF$197.31
Days on Market8
Property Features for 1062 Front Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 4, Bathroom 1
Parking features
Garage - Detached, Open
Exterior features
Fiber Board
Fencing
Chain Link
Subdivision
Kalmans Div 1, Additi
High school district
St. Paul
Directions
94 to Lexington, North to Front, East to property.
Standard status
Active
APN
262923320085
Size
2,154 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6950
Utilities
Heating system
Forced Air
Amenities
garage parking
fenced yard
separate front and rear entrances
Building Details
Year built
1895
Building materials
Frame
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 431-2400
Listed By:
Michael Vanderheyden
(952) 829-2900
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 19 at 7:06PM
MLS# 7125982
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 up/down duplex in Saint Paul contains 2,154 square feet with four bedrooms, two bathrooms, and a basement. Separate front and rear entrances support the property's two-level configuration. The structure was built in 1895 with frame construction, fiber board exterior features, and forced-air heating.
The 0.1148-acre parcel includes a detached garage, open parking, and a chain-link fenced yard. The property is near Energy Park and Como Regional Park, with restaurants and shopping in the surrounding area.
The 0.1148-acre parcel includes a detached garage, open parking, and a chain-link fenced yard. The property is near Energy Park and Como Regional Park, with restaurants and shopping in the surrounding area.
Key Highlights
- 2,154‑square‑foot up/down duplex
- Four bedrooms, two bathrooms, and a basement
- Separate front and rear entrances
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
$31,471
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
7.40%
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%
$629,420
$629.4K
Cap Rate 7%
$449,586
$449.6K
Cap Rate 9%
$349,678
$349.7K
Market Conditions
NOI Build-Up for 2,154 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
$47.8K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$45.0K $20.87/SF
− OpEx
−$13.5K −$6.26/SF
NOI
$31.5K $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%
$629,420
Cap Rate 7%
$449,586
Cap Rate 9%
$349,678
Alternative Uses
Best Use
Multifamily LT 5
$449.6K
$393.4K – $524.5K
NOI $31,471 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$412.9K
$361.3K – $481.8K
NOI $28,906 @ 7.0% cap · market cap 6.80%
Theoretical Best
Healthcare Medical
$530.1K
$463.8K – $618.4K
NOI $37,105 @ 7.0% cap · market cap 8.73%
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
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
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-level duplex with separate entrances, a fenced yard, and detached garage parking in Saint Paul.
Where is this duplex located?
The property is located at 1062 Front Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,154‑square‑foot up/down duplex; Four bedrooms, two bathrooms, and a basement; Separate front and rear entrances
