1153 Central Avenue W, Saint Paul, MN 55104
MULTI_FAMILY - Saint Paul, MN
- Added:
- Nov 7, 2025
- Days on Market:
- 242
- Last Refresh:
- Jul 7 at 11:06 am
Property Features for 1153 Central Avenue W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 1, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1
- Parking features
- Driveway, Parking Lot, Assigned
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 342923410021
- Size
- 2,176 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7600
Utilities
- Heating system
- Other (Heating), Oil
Building Details
- Year built
- 1926
- Roof type
- Flat, Rubber
Listing agent Ryan Fischer (952) 829-2900
Listing office RE/MAX Results 5201 Eden Ave #100, Eden Prairie, MN (952) 848-2400
Listing date Nov 7, 2025
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.
HighLights
- Fourplex built in 1926 with four one‑bedroom, one‑bath units (2 on the main level and 2 on the upper level)
- All units currently vacant and freshly updated—ready for new tenants and market rents
- On‑demand boiler heating system with oil and other heating sources
- Roof is flat and rubber with an estimated age of about 11 years
- Unfinished basement offering storage space and potential future value‑add
- Large parking lot for approximately 4–8 vehicles, plus assigned parking and a driveway
Overview
Located in a highly walkable St. Paul neighborhood, the property is positioned close to restaurants, coffee shops, and convenient transit. The listing also notes walking access to Concordia University, local parks, and neighborhood amenities, with easy access to major highways.
For tenants or owner-occupants, this layout supports a compact one-bedroom configuration across four separate units. The combination of in-place updates and ongoing building systems (including the on-demand boiler) can simplify readying the property for new occupancy. Off-street parking for 4–8 vehicles is a practical benefit in this area and can help support everyday tenant needs.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $22.20 |
| − Vacancy | −$2.9k | −$1.33 |
| EGI | $45.4k | $20.87 |
| − OpEx | −$13.6k | −$6.26 |
| NOI | $31.8k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.1488483
- Latitude
- 44.9531868
