Duplex With Updated
For Sale
$674,900
Pending
1200 Laurel Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size4,336 SF
Lot Size0.14 Acres
Days on Market103
Property Features for 1200 Laurel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 6, Bedroom 3, Basement, Bedroom 4, Bedroom 5
Parking features
Garage - Detached
Exterior features
Wood
Subdivision
Anna E Ramsey Add
Lot features
Tree Coverage - Medium
High school district
St. Paul
Directions
From Marshall Ave go South on Griggs east on Laurel
Standard status
Pending
APN
032823140031
Size
4,336 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12248
Utilities
Heating system
Other (Heating), Oil
Amenities
front porch
rear porch
updated kitchen
modern bathroom
hardwood floors
original woodwork
Building Details
Year built
1910
Building materials
Frame, Stone
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 735-1350
Listed By:
Cory P Kingbay
(952) 829-2900
Added: Jun 25
Changed: Sep 24
Last Checked: Oct 5 at 7:06PM
MLS# 7098683
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 4,336-square-foot duplex in Saint Paul was built in 1910 and includes one four-bedroom unit and one three-bedroom unit. The property combines frame and stone construction with hardwood flooring, original woodwork, front and rear porches, and a detached two-car garage. An updated kitchen features quartz countertops and upgraded stainless steel appliances, while a modern bathroom adds a contemporary finish. Oil heating is installed, and the main-level unit is occupied by long-term tenants.
Set on 0.137 acres at 1200 Laurel Avenue, the property offers a two-unit residential configuration with basement space and three bathrooms. Its historic architectural details and updated kitchen improvements create a balanced mix of period character and current functionality.
Set on 0.137 acres at 1200 Laurel Avenue, the property offers a two-unit residential configuration with basement space and three bathrooms. Its historic architectural details and updated kitchen improvements create a balanced mix of period character and current functionality.
Key Highlights
- 4,336 SF duplex with one 4‑bedroom unit and one 3‑bedroom unit
- Built in 1910 on a 0.137‑acre lot
- Updated kitchen with quartz countertops and upgraded stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,188
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,760
$1.2M
Cap Rate 7%
$831,257
$831.3K
Cap Rate 9%
$646,533
$646.5K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$112.9K $26.04/SF
− Vacancy
−$7.1K −$1.64/SF
EGI
$105.8K $24.40/SF
− OpEx
−$47.6K −$10.98/SF
NOI
$58.2K $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%
$1,163,760
Cap Rate 7%
$831,257
Cap Rate 9%
$646,533
Alternative Uses
Best Use
Multifamily LT 5
$905.0K
$791.9K – $1.06M
NOI $63,352 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$831.3K
$727.4K – $969.8K
NOI $58,188 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.03M
$905.2K – $1.21M
NOI $72,414 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Classic two-unit property with porches, hardwood floors, and a detached garage.
Where is this duplex located?
The property is located at 1200 Laurel Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 4,336 SF duplex with one 4‑bedroom unit and one 3‑bedroom unit; Built in 1910 on a 0.137‑acre lot; Updated kitchen with quartz countertops and upgraded stainless steel appliances
