Updated
New
For Sale
$550,000
1083 Chatsworth Street N, Saint Paul, MN 55103
Four apartments offer a mix of one- and two-bedroom layouts with refreshed interior finishes.
Property Size3,080 SF
Price / SF$178.57
Days on Market2
Property Features for 1083 Chatsworth Street N
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
Exp Realty
Listed By:
Michael Bartus
(952) 400-7000
Source:
Hometwincities
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 3:05PM
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 Exp Realty
Investment Insights
Based on property information with market context.
This four-unit residential property contains three one-bedroom, one-bath apartments and one larger two-bedroom, one-bath apartment within 3,080 square feet. Interior improvements include new flooring, refreshed kitchens and bathrooms, and new paint in the remodeled units. Built in 1900, the property provides a distinct unit mix that can accommodate an investor or an owner-occupant seeking a multifamily residence.
The property is located at 1083 Chatsworth Street N in Saint Paul’s Como Park neighborhood. Como Park, Como Zoo, the Conservatory, a golf course, and lakeside trails are all located within a short distance. Downtown Saint Paul and Minneapolis are accessible from the property, adding connectivity to both employment and entertainment centers.
The property is located at 1083 Chatsworth Street N in Saint Paul’s Como Park neighborhood. Como Park, Como Zoo, the Conservatory, a golf course, and lakeside trails are all located within a short distance. Downtown Saint Paul and Minneapolis are accessible from the property, adding connectivity to both employment and entertainment centers.
Key Highlights
- Four‑unit property with three 1‑bed/1‑bath units and one 2‑bed/1‑bath unit
- 3,080 square feet of residential space
- Interior updates include flooring, kitchens, baths, and paint
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
$45,001
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
8.18%
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%
$900,020
$900.0K
Cap Rate 7%
$642,871
$642.9K
Cap Rate 9%
$500,011
$500.0K
Market Conditions
NOI Build-Up for 3,080 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
$68.4K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$64.3K $20.87/SF
− OpEx
−$19.3K −$6.26/SF
NOI
$45.0K $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%
$900,020
Cap Rate 7%
$642,871
Cap Rate 9%
$500,011
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,333 @ 7.0% cap · market cap 7.52%
Theoretical Best
Healthcare Medical
$757.9K
$663.2K – $884.3K
NOI $53,056 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
497
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?
Quadplex - Four apartments offer a mix of one- and two-bedroom layouts with refreshed interior finishes.
Where is this quadplex located?
The property is located at 1083 Chatsworth Street N Saint Paul, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit property with three 1‑bed/1‑bath units and one 2‑bed/1‑bath unit; 3,080 square feet of residential space; Interior updates include flooring, kitchens, baths, and paint
