Well-Maintained Fourplex with
1153 Central Avenue W Saint Paul, MN 55104
1153 Central Avenue W, Saint Paul, MN, 55104
$449,900
For Sale
$449,900
MULTI_FAMILY - Saint Paul, MN
Property Size2,176 SF
Lot Size0.11 Acres
Price / SF$206.76
Days on Market253
Property Features for 1153 Central Avenue W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 3
- Parking features
- Parking Lot, Driveway, 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
- Oil, Other (Heating)
Building Details
- Year built
- 1926
- Roof type
- Flat, Rubber
Listing Agency
RE/MAX Results
(952) 848-2400
5201 Eden Ave #100, Eden Prairie, MN
Listed by
Ryan Fischer
(952) 829-2900
Added: Nov 7, 2025 Checked: Jul 18 at 4:06 am
MLS# 6815182
Listing URL
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.
Investment Insights
Based on property information with market context.
This fourplex includes four one-bedroom, one-bath units arranged with two homes on the main level and two on the upper level. The property is well maintained and currently offers vacant units that have been freshly updated. Building improvements include newer windows, an on-demand boiler heating system, and a roof that is approximately 11 years old. An unfinished basement provides additional storage space and could support future improvement plans.
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.
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.
Key Highlights
- Fourplex built in 1926 with four one‑bedroom, one‑bath units
- All units are currently vacant and described as freshly updated
- On‑demand boiler heating system plus oil and other heating listed
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 |
2,176 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.2K
$397.4K – $529.9K
NOI $31,793 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$417.2K
$365.0K – $486.7K
NOI $29,201 @ 7.0% cap · market cap 6.49%
Theoretical Best
Healthcare Medical
$535.5K
$468.6K – $624.7K
NOI $37,484 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four updated one-bedroom units in a maintained fourplex with room for 4–8 vehicles.
Where is this quadplex located?
The property is located at 1153 Central Avenue W Saint Paul, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Fourplex built in 1926 with four one‑bedroom, one‑bath units; All units are currently vacant and described as freshly updated; On‑demand boiler heating system plus oil and other heating listed
