Saint Paul Fourplex with
For Sale
$599,000
1273 7th St W, Saint Paul, MN 55102
Well-maintained fourplex in desirable West Seventh neighborhood.
Property Size4,013 SF
Price / SF$149.26
Days on Market218
Property Features for 1273 7th St W
General Information
Standard status
Active
Size
4,013 SF
Property subtype
Multi-Family
Building Details
Year Built
1893
Listing Agency:
Peritus Real Estate
Listed By:
John A Stiles · License #40207306
(612) 236-9296
Source:
Brickandbanister
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 7 at 5:26PM
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 Peritus Real Estate
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Investment Insights
Based on property information with market context.
This fourplex is located in the West Seventh neighborhood of Saint Paul. The property features a spacious 2-bedroom apartment with a private sliding patio door that opens to the fenced side yard, along with a finished lower-level living room. The remaining three units are 1-bedroom apartments. Throughout the property are hardwood floors, stainless steel appliances, and classic charm. Residents have access to a shared front porch and shared back porch, while the owner's suite has its own private porch. The large fenced side yard offers space for relaxation, entertainment, gardening, or pets. A new roof was installed in July 2024. The unfinished third floor presents future potential for expanded living space or an additional unit. The property size is 4034 square feet.
Key Highlights
- Mortgage assistance: live in one unit and rent out the other three to help cover mortgage payments.
- Spacious 2‑bedroom owner's unit with a private patio and finished lower‑level living room.**
- Prime location in the desirable West Seventh neighborhood of Saint Paul, offering walkability and character.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,853
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,060
$1.1M
Cap Rate 7%
$769,329
$769.3K
Cap Rate 9%
$598,367
$598.4K
Market Conditions
NOI Build-Up for 4,013 SF
Gross rent
$104.5K $26.04/SF
− Vacancy
−$6.6K −$1.64/SF
EGI
$97.9K $24.40/SF
− OpEx
−$44.1K −$10.98/SF
NOI
$53.9K $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%
$1,077,060
Cap Rate 7%
$769,329
Cap Rate 9%
$598,367
Alternative Uses
Best Use
Multifamily LT 5
$837.6K
$732.9K – $977.2K
NOI $58,633 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$769.3K
$673.2K – $897.6K
NOI $53,853 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$957.4K
$837.7K – $1.12M
NOI $67,019 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
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Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in desirable West Seventh neighborhood.
Where is this quadplex located?
The property is located at 1273 7th St W Saint Paul, MN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Mortgage assistance: live in one unit and rent out the other three to help cover mortgage payments.; Spacious 2‑bedroom owner's unit with a private patio and finished lower‑level living room.**; Prime location in the desirable West Seventh neighborhood of Saint Paul, offering walkability and character.
