Multifamily Residential
1165 Norton Street, Saint Paul, MN 55117
For Sale
$307,000
The property has multi-family residential zoning, a parking lot, and natural gas forced-air heating.
Property Size1,980 SF
Price / SF$166.04
Days on Market21
Property Features for 1165 Norton Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Laundry
Natural Gas, Forced Air
Finished
Parking Lot
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Premier Realty
Listed By:
Ken Hatfield
(612) 387-4284
Source:
Evrealestate
Added: Oct 20
Changed: Oct 26
Last Checked: Nov 8 at 6:09AM
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.
Built in 1965, this residential income property is located at 1165 Norton Street in Saint Paul, Minnesota. The property has natural gas, forced-air heating and a parking lot.
The site is zoned Residential-Multi-Family and is in Ramsey County.
The site is zoned Residential-Multi-Family and is in Ramsey County.
Key Highlights
- Residential‑Multi‑Family zoning
- Built in 1965
- Natural gas and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,813
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,260
$496.3K
Cap Rate 7%
$354,471
$354.5K
Cap Rate 9%
$275,700
$275.7K
Market Conditions
NOI Build-Up for 1,849 SF
Gross rent
$48.1K $26.04/SF
− Vacancy
−$3.0K −$1.64/SF
EGI
$45.1K $24.40/SF
− OpEx
−$20.3K −$10.98/SF
NOI
$24.8K $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%
$496,260
Cap Rate 7%
$354,471
Cap Rate 9%
$275,700
Alternative Uses
Best Use
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,813 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.1K
$386.0K – $514.7K
NOI $30,879 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Saint Paul, MN
Properties on Market for Residential income properties in Saint Paul
Frequently Asked Questions
What type of property is this?
Residential income property - The property has multi-family residential zoning, a parking lot, and natural gas forced-air heating.
Where is this residential income property located?
The property is located at 1165 Norton Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: Residential‑Multi‑Family zoning; Built in 1965; Natural gas and forced‑air heating
