Duplex with Storage
For Sale
$320,000
1210 Sherburne Ave, Saint Paul, MN 55104
Residential multifamily property with forced-air heating and partially finished lower-level storage space.
Property Size1,622 SF
Price / SF$197.29
Days on Market55
Property Features for 1210 Sherburne Ave
General Information
Standard status
Active
Size
1,622 SF
Property subtype
Multi-Family
Building Details
Year Built
1939
Listing Agency:
Roseville Realty
Listed By:
Samuel Foltz
(651) 434-7575
Source:
Homesearchlive
Added: Aug 8
Changed: Sep 29
Last Checked: Sep 30 at 5:16PM
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 Roseville Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1939, contains 1,622 square feet and includes natural gas, forced-air heating. The structure has a block foundation with a full basement that is partially finished and provides storage space.
The property is located at 1210 Sherburne Avenue in Saint Paul, Minnesota, within Ramsey County. Zoning is designated Residential-Multi-Family.
The property is located at 1210 Sherburne Avenue in Saint Paul, Minnesota, within Ramsey County. Zoning is designated Residential-Multi-Family.
Key Highlights
- Duplex containing 1,622 square feet
- Residential‑Multi‑Family zoning
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,980
$474.0K
Cap Rate 7%
$338,557
$338.6K
Cap Rate 9%
$263,322
$263.3K
Market Conditions
NOI Build-Up for 1,622 SF
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.
Gross rent
$36.0K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$33.9K $20.87/SF
− OpEx
−$10.2K −$6.26/SF
NOI
$23.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,980
Cap Rate 7%
$338,557
Cap Rate 9%
$263,322
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.2K – $395.0K
NOI $23,699 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$311.0K
$272.1K – $362.8K
NOI $21,767 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,088 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,312
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 - Residential multifamily property with forced-air heating and partially finished lower-level storage space.
Where is this duplex located?
The property is located at 1210 Sherburne Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex containing 1,622 square feet; Residential‑Multi‑Family zoning; Built in 1939
