Rebuilt Duplex on Corner
1235 Minnehaha Avenue E Saint Paul, MN 55106
1235 Minnehaha Avenue E, Saint Paul, MN, 55106
$399,900
For Sale
$399,900
MULTI_FAMILY - Saint Paul, MN
Property Size2,439 SF
Lot Size0.13 Acres
Price / SF$163.96
Days on Market185
Property Features for 1235 Minnehaha Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- 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
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing Agency
RE/MAX Results
(952) 475-8000
125 Lake St W #100, Eden Prairie, MN
Listed by
Nicole L Stone
(952) 829-2900
Added: Jan 14 Checked: Jul 18 at 1:06 am
MLS# 7008940
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.
Investment Insights
Based on property information with market context.
This rebuilt duplex offers two separate residential units with private entrances. The main unit spans the first floor and basement and includes 4 bedrooms and 2 bathrooms, with a living room and a lower-level family room. The second unit is located upstairs and includes 2 bedrooms and 1 bathroom. Both units feature modern, updated kitchens and contemporary lighting.
The property is situated on a corner lot and includes a detached 2-car garage and a fenced-in yard. It’s located near Johnson Parkway, with Lake Phalen and local attractions within a short distance. Convenient access to bus routes and nearby shops, restaurants, and other essential amenities supports everyday use for residents.
With its two independently entered units and separate layouts, the duplex configuration is well-suited for an owner-occupant setup or continued rental income.
The property is situated on a corner lot and includes a detached 2-car garage and a fenced-in yard. It’s located near Johnson Parkway, with Lake Phalen and local attractions within a short distance. Convenient access to bus routes and nearby shops, restaurants, and other essential amenities supports everyday use for residents.
With its two independently entered units and separate layouts, the duplex configuration is well-suited for an owner-occupant setup or continued rental income.
Key Highlights
- Rebuilt duplex on a corner lot with separate, private entrances for both units
- Main unit spans first floor and basement with 4 bedrooms, 2 bathrooms, living room, and lower‑level family room
- Second unit offers 2 bedrooms and 1 bathroom
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 | $54.1k | $22.20 |
| − Vacancy | −$3.2k | −$1.33 |
| EGI | $50.9k | $20.87 |
| − OpEx | −$15.3k | −$6.26 |
| NOI | $35.6k | $14.61 |
2,439 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.1K
$445.5K – $593.9K
NOI $35,636 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$467.6K
$409.1K – $545.5K
NOI $32,731 @ 7.0% cap · market cap 8.18%
Theoretical Best
Healthcare Medical
$600.2K
$525.2K – $700.2K
NOI $42,014 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Rebuilt duplex with separate entrances, detached 2-car garage, and fenced yard on a corner lot.
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 $399,900.
What are key features of this property?
This property features: Rebuilt duplex on a corner lot with separate, private entrances for both units; Main unit spans first floor and basement with 4 bedrooms, 2 bathrooms, living room, and lower‑level family room; Second unit offers 2 bedrooms and 1 bathroom
