Multifamily Property with Detached
New
For Sale
$275,000
128 4th Avenue S, South Saint Paul, MN 55075
Residential Income, South Saint Paul, MN
Property Size1,444 SF
Lot Size0.17 Acres
Price / SF$190.44
Days on Market7
Property Features for 128 4th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Basement, Bathroom 2
Parking features
Garage - Detached
High school district
South St. Paul
Directions
494 to 5th Exit. Right to Southview, Right to 4th Ave. Left.
Standard status
Active
APN
363255009230
Size
1,444 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4916
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
Metzen Realty and Associates CO.
(651) 455-2214
Listed By:
Brian Solos
(763) 521-9500
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 15 at 8:06AM
MLS# 7157798
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 multifamily property has 1,444 square feet of building area on a 0.172-acre lot. The interior includes four bedrooms, two bathrooms, and a basement. A detached garage provides separate vehicle storage, and the home has forced-air heating and a shingle roof.
Built in 1900, the property is located in South Saint Paul, Minnesota.
Built in 1900, the property is located in South Saint Paul, Minnesota.
Key Highlights
- 1,444‑square‑foot building on a 0.172‑acre lot
- Four bedrooms and two bathrooms
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,378
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,560
$387.6K
Cap Rate 7%
$276,829
$276.8K
Cap Rate 9%
$215,311
$215.3K
Market Conditions
NOI Build-Up for 1,444 SF
Gross rent
$37.6K $26.04/SF
− Vacancy
−$2.4K −$1.64/SF
EGI
$35.2K $24.40/SF
− OpEx
−$15.9K −$10.98/SF
NOI
$19.4K $13.42/SF
Area
Dakota 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%
$387,560
Cap Rate 7%
$276,829
Cap Rate 9%
$215,311
Alternative Uses
Best Use
Apartment 5plus
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$355.3K
$310.9K – $414.6K
NOI $24,874 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 55075, MN
20,749
Population
8,460
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
3,705
Density / Sq Mi
$84,573
Median Household Income
$48,724
Median Earnings
$1,128
Median Rent
$267,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The building includes a basement and forced-air heating.
Where is this multifamily property located?
The property is located at 128 4th Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,444‑square‑foot building on a 0.172‑acre lot; Four bedrooms and two bathrooms; Detached garage
