Three-Bedroom Duplex with Basement
For Sale
$235,000
1105 Rose Ave E, Saint Paul, MN 55106
Fully leased duplex with two residential units and a basement containing an existing kitchen and bathroom.
Property Size1,465 SF
Price / SF$160.41
Days on Market110
Property Features for 1105 Rose Ave E
General Information
Standard status
Active
Size
1,465 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
minor cosmetic updates
Taxes and HOA fees
Annual Taxes
$3,658
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 709-1875
Listed By:
Hosie
(612) 709-1875
Source:
Exprealty
Added: May 15
Changed: Aug 31
Last Checked: Aug 30 at 11:59PM
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
Investment Insights
Based on property information with market context.
This Saint Paul duplex contains two residential units, each arranged with 3 bedrooms and 1 bathroom. Both units are fully leased, providing current occupancy, while the property also includes a basement area set up with a kitchen and bathroom.
The basement is presently being used as an additional unit, but egress would be needed before establishing a legal third unit. The property is located at 1105 Rose Ave E in Saint Paul, Minnesota.
The basement is presently being used as an additional unit, but egress would be needed before establishing a legal third unit. The property is located at 1105 Rose Ave E in Saint Paul, Minnesota.
Key Highlights
- Two‑unit property with each residence offering 3 bedrooms and 1 bathroom
- Both primary units are fully leased
- Basement includes an existing kitchen and bathroom
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
$21,405
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
9.11%
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%
$428,100
$428.1K
Cap Rate 7%
$305,786
$305.8K
Cap Rate 9%
$237,833
$237.8K
Market Conditions
NOI Build-Up for 1,465 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
$32.5K $22.20/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$30.6K $20.87/SF
− OpEx
−$9.2K −$6.26/SF
NOI
$21.4K $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%
$428,100
Cap Rate 7%
$305,786
Cap Rate 9%
$237,833
Alternative Uses
Best Use
Multifamily LT 5
$305.8K
$267.6K – $356.8K
NOI $21,405 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,660 @ 7.0% cap · market cap 8.37%
Theoretical Best
Healthcare Medical
$360.5K
$315.5K – $420.6K
NOI $25,236 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
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
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 - Fully leased duplex with two residential units and a basement containing an existing kitchen and bathroom.
Where is this duplex located?
The property is located at 1105 Rose Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit property with each residence offering 3 bedrooms and 1 bathroom; Both primary units are fully leased; Basement includes an existing kitchen and bathroom
