Updated
New
For Sale
$307,000
1165 Norton Street, Saint Paul, MN 55117
Residential Income, Saint Paul, MN
Property Size1,849 SF
Lot Size0.15 Acres
Price / SF$166.04
Days on Market3
Property Features for 1165 Norton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4
Parking features
Parking Lot
Subdivision
Soderbergs 2nd Add
High school district
St. Paul
Directions
From Dale, go North to Maryland, East to Norton, South to home.
Standard status
Active
APN
252923210142
Size
1,849 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6105
Utilities
Heating system
Forced Air
Building Details
Year built
1965
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
Listed By:
Ken Hatfield
(651) 379-5252
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 2:06AM
MLS# 7161240
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,849 square feet across two units on a 0.148-acre lot. The upper residence has three bedrooms and one full bathroom; the lower residence has two bedrooms and one bathroom. Both kitchens have been updated, and the property has modern fixtures and refreshed finishes. Built in 1965, the property also includes a parking lot and basement.
At 1165 Norton Street in Saint Paul, the duplex is described as near parks, restaurants, and Downtown St. Paul. Both units are leased on a month-to-month basis. Heating is forced air.
At 1165 Norton Street in Saint Paul, the duplex is described as near parks, restaurants, and Downtown St. Paul. Both units are leased on a month-to-month basis. Heating is forced air.
Key Highlights
- Two units: upper level has 3 bedrooms and 1 full bath; lower level has 2 bedrooms and 1 bath
- 1,849 square feet on a 0.148‑acre lot
- Both units currently have month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,015
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,300
$540.3K
Cap Rate 7%
$385,929
$385.9K
Cap Rate 9%
$300,167
$300.2K
Market Conditions
NOI Build-Up for 1,849 SF
Gross rent
$41.0K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$38.6K $20.87/SF
− OpEx
−$11.6K −$6.26/SF
NOI
$27.0K $14.61/SF
Area
Ramsey 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 Rate 5%
$540,300
Cap Rate 7%
$385,929
Cap Rate 9%
$300,167
Alternative Uses
Best Use
Multifamily LT 5
$385.9K
$337.7K – $450.3K
NOI $27,015 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,813 @ 7.0% cap · market cap 8.08%
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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Lease Details
2
Residential units
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units offer a three-bedroom and a two-bedroom layout, with both currently occupied under month-to-month leases.
Where is this duplex 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: Two units: upper level has 3 bedrooms and 1 full bath; lower level has 2 bedrooms and 1 bath; 1,849 square feet on a 0.148‑acre lot; Both units currently have month‑to‑month leases
