Updated Quadplex with Mixed Unit
New
For Sale
$550,000
1083 Chatsworth Street N, Saint Paul, MN 55103
Residential Income, Saint Paul, MN
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$178.57
Days on Market3
Property Features for 1083 Chatsworth Street N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 4, Bedroom 1
Exterior features
Stucco, Vinyl
Subdivision
Warrendale
High school district
St. Paul
Directions
I-94 to Lexington Avenue to Orchard Avenue, left on Chatsworth St
Standard status
Active
APN
262923220145
Size
3,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4717
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Alyssa Strom
(612) 821-7400
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 12:06AM
MLS# 7137290
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 3,080-square-foot quadplex contains four residential units: three one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Improvements to the remodeled units include new flooring, refreshed kitchens and bathrooms, and new interior paint. The property also features stucco and vinyl exterior finishes, hot water heating, and a basement. Built in 1900, the building occupies 0.138 acres at 1083 Chatsworth Street N in Saint Paul.
Como Park, Como Zoo, the Conservatory, a golf course, and lakeside trails are located just blocks away. The property also offers access to downtown Saint Paul and Minneapolis. Its four-unit configuration supports both investment ownership and an owner-occupant approach.
Como Park, Como Zoo, the Conservatory, a golf course, and lakeside trails are located just blocks away. The property also offers access to downtown Saint Paul and Minneapolis. Its four-unit configuration supports both investment ownership and an owner-occupant approach.
Key Highlights
- Four‑unit quadplex with three 1‑bed/1‑bath units and one 2‑bed/1‑bath unit
- 3,080 square feet on a 0.138‑acre lot
- Remodeled units include new flooring, updated kitchens and baths, and new 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 residential units combine renovated interiors with access to Como Park-area amenities.
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 quadplex with three 1‑bed/1‑bath units and one 2‑bed/1‑bath unit; 3,080 square feet on a 0.138‑acre lot; Remodeled units include new flooring, updated kitchens and baths, and new paint
