Updated Quadplex with Off-Street
New
For Sale
$535,000
1113 Edgerton St, Saint Paul, MN 55130
Recent capital improvements and basement storage support flexible owner-occupancy potential.
Property Size2,672 SF
Price / SF$200.22
Days on Market6
Property Features for 1113 Edgerton St
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Multi-Family
Amenities
coin-operated laundry
Building Details
Year Built
1906
Listing Agency:
Keller Williams Premier Realty
Listed By:
Thomas Geisler
(651) 379-1500
Source:
Searchhousesnow
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 14 at 6:38PM
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
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 = 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
$39,040
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
7.30%
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%
$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
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
$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
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%
$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 7.30%
Second Best
Apartment 5plus
$512.2K
$448.2K – $597.6K
NOI $35,857 @ 7.0% cap · market cap 6.70%
Theoretical Best
Healthcare Medical
$657.5K
$575.4K – $767.1K
NOI $46,028 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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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 $535,000.
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
