Remodeled Up-and-Down
For Sale
$249,900
1119 Reaney Ave, Saint Paul, MN 55106
Both residential units are occupied, with a backyard and access to downtown Saint Paul.
Property Size1,704 SF
Price / SF$146.65
Days on Market93
Property Features for 1119 Reaney Ave
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Multi-Family
Building Details
Year Built
1898
Listing Agency:
RES Realty
Listed By:
Shirzad Raimi
(973) 356-7977
Source:
Searchhousesnow
Added: Jul 17
Changed: Sep 15
Last Checked: Oct 16 at 2:02PM
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 RES Realty
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains 1,704 square feet and was remodeled in 2021. Built in 1898, the property includes two residential units arranged across the building’s upper and lower levels, along with a backyard. Both units are currently occupied.
The property is located at 1119 Reaney Ave in Saint Paul, near downtown. Showings require 24-hour notice.
The property is located at 1119 Reaney Ave in Saint Paul, near downtown. Showings require 24-hour notice.
Key Highlights
- Up‑and‑down duplex with two residential units
- 1,704 square feet of building area
- Remodeled in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,867
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,340
$457.3K
Cap Rate 7%
$326,671
$326.7K
Cap Rate 9%
$254,078
$254.1K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$44.4K $26.04/SF
− Vacancy
−$2.8K −$1.64/SF
EGI
$41.6K $24.40/SF
− OpEx
−$18.7K −$10.98/SF
NOI
$22.9K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,340
Cap Rate 7%
$326,671
Cap Rate 9%
$254,078
Alternative Uses
Best Use
Multifamily LT 5
$355.7K
$311.2K – $415.0K
NOI $24,897 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$326.7K
$285.8K – $381.1K
NOI $22,867 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$406.5K
$355.7K – $474.3K
NOI $28,458 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are occupied, with a backyard and access to downtown Saint Paul.
Where is this duplex located?
The property is located at 1119 Reaney Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Up‑and‑down duplex with two residential units; 1,704 square feet of building area; Remodeled in 2021
