Renovated Duplex Income
1177 Forest Street, Saint Paul, MN 55106
New
MULTI_FAMILY - Saint Paul, MN
Property size:
1,744 SFLot size:
0.11 AcresPrice / SF:
$166/SF- Added:
- Jun 25, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 30 at 4:06 pm
Property Features for 1177 Forest Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3
- Parking features
- Driveway
- Exterior features
- Stucco
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 282922220019
- Size
- 1,744 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4962
Utilities
- Heating system
- Forced Air, Baseboard
Building Details
- Year built
- 1899
- Roof type
- Shingle
Listing agent Nicole L Stone (952) 829-2900
Listing office RE/MAX Results 125 Lake St W #100, Eden Prairie, MN (952) 475-8000
Listing date Jun 25, 2026
MLS# 7098867
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.
HighLights
- Completely renovated duplex with $70K+ in updates, including updated kitchens with new appliances and renovated bathrooms.
- Layout includes a 3‑bedroom unit on the main level and a 2‑bedroom unit on the upper level.
- Separate utilities for each unit (with one shared water meter) for added convenience.
- Interior updates include new flooring, fresh paint, and new interior doors.
- Exterior features include stucco siding, shingle roof, and chain‑link fencing.
- Heating includes forced air and baseboard; driveway parking and basement included.
Overview
This completely renovated duplex offers two residential units with updated living spaces. The main level includes a spacious 3-bedroom unit, while the upper level provides a 2-bedroom unit. Renovations include updated kitchens with all new appliances, updated bathrooms, new flooring, fresh paint, and new interior doors. Exterior improvements include a new roof, supporting a lower-maintenance ownership experience. Each unit has separate utilities, with one shared water meter to keep services streamlined.
The property is located in Saint Paul, MN within Ramsey County at 1177 Forest Street (postal code 55106). The listing describes a convenient area near shopping, dining, parks, and transportation, which can support tenant convenience for everyday errands and commuting needs.
For owner-occupants, the duplex configuration provides the flexibility to live in one unit while renting the other. For investors, the property is presented as move-in and rent-ready, with extensive updates already completed, and separate utility services that can simplify resident billing and operational management. With two distinct unit layouts already in place, this asset can fit tenants seeking straightforward, updated residential accommodations.
The property is located in Saint Paul, MN within Ramsey County at 1177 Forest Street (postal code 55106). The listing describes a convenient area near shopping, dining, parks, and transportation, which can support tenant convenience for everyday errands and commuting needs.
For owner-occupants, the duplex configuration provides the flexibility to live in one unit while renting the other. For investors, the property is presented as move-in and rent-ready, with extensive updates already completed, and separate utility services that can simplify resident billing and operational management. With two distinct unit layouts already in place, this asset can fit tenants seeking straightforward, updated residential accommodations.
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 | $38.7k | $22.20 |
| − Vacancy | −$2.3k | −$1.33 |
| EGI | $36.4k | $20.87 |
| − OpEx | −$10.9k | −$6.26 |
| NOI | $25.5k | $14.61 |
1,744 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 8.07%
Theoretical Best
Healthcare Medical
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.061218
- Latitude
- 44.976883
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey renovated duplex with separate utility services and updated interiors across two residential units.
Where is this duplex located?
The property is located at 1177 Forest Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Completely renovated duplex with $70K+ in updates, including updated kitchens with new appliances and renovated bathrooms.; Layout includes a 3‑bedroom unit on the main level and a 2‑bedroom unit on the upper level.; Separate utilities for each unit (with one shared water meter) for added convenience.
