Rebuilt Duplex with Detached
For Sale
$364,900
1235 Minnehaha Avenue E, Saint Paul, MN 55106
Residential Income, Saint Paul, MN
Property Size2,439 SF
Lot Size0.13 Acres
Price / SF$149.61
Days on Market269
Property Features for 1235 Minnehaha Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Garage - Detached
Patio and Porch features
Deck
Subdivision
E C Bowens Add
Lot features
Corner Lot
High school district
St. Paul
Directions
Johnson Pkwy to Minnehaha; West on Minnehaha to home.
Standard status
Active
APN
282922440212
Size
2,439 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8931
Utilities
Heating system
Forced Air
Amenities
fenced-in yard
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 475-8000
Listed By:
Nicole L Stone
(952) 829-2900
Added: Jan 14
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 7008940
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 rebuilt duplex contains 2,439 square feet on a 0.125-acre corner lot. The main residence occupies the first floor and basement with 4 bedrooms, 2 bathrooms, a living room, and a lower-level family room. The upper unit provides 2 bedrooms and 1 bathroom. Each unit has its own private entrance and a modern kitchen with contemporary lighting.
Outdoor features include a fenced yard, deck, and detached 2-car garage. The property was built in 1900 and has forced-air heating and a shingle roof. Its Saint Paul location places it near Johnson Parkway and Lake Phalen, with bus routes, shops, restaurants, and other amenities nearby.
Outdoor features include a fenced yard, deck, and detached 2-car garage. The property was built in 1900 and has forced-air heating and a shingle roof. Its Saint Paul location places it near Johnson Parkway and Lake Phalen, with bus routes, shops, restaurants, and other amenities nearby.
Key Highlights
- 2,439 square feet on a 0.125‑acre corner lot
- Main unit includes 4 bedrooms, 2 bathrooms, first‑floor and basement living areas
- Upper unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,731
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,620
$654.6K
Cap Rate 7%
$467,586
$467.6K
Cap Rate 9%
$363,678
$363.7K
Market Conditions
NOI Build-Up for 2,439 SF
Gross rent
$63.5K $26.04/SF
− Vacancy
−$4.0K −$1.64/SF
EGI
$59.5K $24.40/SF
− OpEx
−$26.8K −$10.98/SF
NOI
$32.7K $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%
$654,620
Cap Rate 7%
$467,586
Cap Rate 9%
$363,678
Alternative Uses
Best Use
Multifamily LT 5
$509.1K
$445.5K – $593.9K
NOI $35,636 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$467.6K
$409.1K – $545.5K
NOI $32,731 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$581.9K
$509.2K – $678.9K
NOI $40,733 @ 7.0% cap · market cap 11.16%
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
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
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 - Two separately accessed units with updated kitchens, a fenced yard, and flexible owner-occupant potential.
Where is this duplex located?
The property is located at 1235 Minnehaha Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: 2,439 square feet on a 0.125‑acre corner lot; Main unit includes 4 bedrooms, 2 bathrooms, first‑floor and basement living areas; Upper unit offers 2 bedrooms and 1 bathroom
