Updated Quadplex with Off-Street
1113 Edgerton St, Saint Paul, MN 55130
For Sale
$515,000
Recent capital improvements and basement storage support flexible owner-occupancy potential.
Property Size2,672 SF
Price / SF$192.74
Days on Market59
Property Features for 1113 Edgerton St
General Information
Standard status
Size
Property subtype
Amenities
coin-operated laundry
Building Details
Year Built
Listing Agency:
Keller Williams Premier Realty
Listed By:
Thomas Geisler
(612) 385-0122
Source:
Searchhousesnow
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 1:04PM
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 Premier Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property, built in 1906, includes a 3BR/2BA unit, a 3BR/1BA unit, a 2BR/1BA top-floor residence, and a studio or efficiency. Recent improvements include new siding and roofing in 2025, newer windows, new water heaters and boiler equipment, approximately 75% new appliances, and new flooring in Unit 3. The basement contains completed tenant storage units and two additional storage rooms for the owner. Off-street parking and coin-operated laundry add practical operating features, with laundry equipment leased and maintained through a BDS partnership.
The top-floor tenant is expected to relocate in mid-September, and the 3BR/2BA tenant has also expressed plans to move. That timing may allow an owner to occupy one unit while the other residences remain leased. The efficiency tenant has indicated interest in staying.
The top-floor tenant is expected to relocate in mid-September, and the 3BR/2BA tenant has also expressed plans to move. That timing may allow an owner to occupy one unit while the other residences remain leased. The efficiency tenant has indicated interest in staying.
Key Highlights
- Four‑unit property with 3BR/2BA, 3BR/1BA, 2BR/1BA, and studio/efficiency layout
- New siding and roof completed in 2025
- New water heaters and boiler; approximately 75% of appliances are new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,040
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,800
$780.8K
Cap Rate 7%
$557,714
$557.7K
Cap Rate 9%
$433,778
$433.8K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$59.3K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$55.8K $20.87/SF
− OpEx
−$16.7K −$6.26/SF
NOI
$39.0K $14.61/SF
Area
Ramsey 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 Rate 5%
$780,800
Cap Rate 7%
$557,714
Cap Rate 9%
$433,778
Alternative Uses
Best Use
Multifamily LT 5
$557.7K
$488.0K – $650.7K
NOI $39,040 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$512.2K
$448.2K – $597.6K
NOI $35,857 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$637.5K
$557.8K – $743.7K
NOI $44,624 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
871
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 Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent capital improvements and basement storage support flexible owner-occupancy potential.
Where is this quadplex located?
The property is located at 1113 Edgerton St Saint Paul, MN.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four‑unit property with 3BR/2BA, 3BR/1BA, 2BR/1BA, and studio/efficiency layout; New siding and roof completed in 2025; New water heaters and boiler; approximately 75% of appliances are new
