Residential Income
1071 Edgerton Street, Saint Paul, MN 55130
For Sale
$274,900
Multi-family zoning and a parking lot serve this residential income property in Saint Paul.
Property Size1,859 SF
Price / SF$147.88
Days on Market12
Property Features for 1071 Edgerton Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Electric, Natural Gas, Baseboard
Block
Parking Lot
Building Details
Building Size
Year Built
Stories
Listing Agency:
Creative Results
Listed By:
Tou Fang
(651) 373-3954
Source:
Evrealestate
Added: Oct 29
Changed: Nov 5
Last Checked: Nov 8 at 5:46AM
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 Creative Results
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Investment Insights
Based on property information with market context.
This 1,859-square-foot residential income property was built in 1907 and is zoned Residential-Multi-Family. Interior features include electric and natural gas service, baseboard heating, and block construction. A parking lot is also part of the property.
Key Highlights
- 1,859 square feet
- Built in 1907
- Zoned Residential‑Multi‑Family
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,947
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,940
$498.9K
Cap Rate 7%
$356,386
$356.4K
Cap Rate 9%
$277,189
$277.2K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$48.4K $26.04/SF
− Vacancy
−$3.0K −$1.64/SF
EGI
$45.4K $24.40/SF
− OpEx
−$20.4K −$10.98/SF
NOI
$24.9K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,940
Cap Rate 7%
$356,386
Cap Rate 9%
$277,189
Alternative Uses
Best Use
Apartment 5plus
$356.4K
$311.8K – $415.8K
NOI $24,947 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Saint Paul, MN
Properties on Market for Residential income properties in Saint Paul
Frequently Asked Questions
What type of property is this?
Residential income property - Multi-family zoning and a parking lot serve this residential income property in Saint Paul.
Where is this residential income property located?
The property is located at 1071 Edgerton Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,859 square feet; Built in 1907; Zoned Residential‑Multi‑Family
