Duplex With 3-Car
For Sale
$335,000
Pending
1303 Sherburne Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size1,596 SF
Lot Size0.11 Acres
Days on Market51
Property Features for 1303 Sherburne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Parking features
Garage - Detached
Exterior features
Stucco
Subdivision
Syndicate 5 Add
High school district
St. Paul
Directions
Lexington Ave N to Sherburne Ave, go west to home.
Standard status
Pending
APN
342923130158
Size
1,596 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4827
Utilities
Heating system
Hot Water(Heating), Oil
Building Details
Year built
1915
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Tyler Nash
(612) 600-6000
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 8 at 1:06AM
MLS# 7125403
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 1915 duplex contains 1,596 square feet on a 0.113-acre lot and includes two bathrooms, three bedrooms, a basement, and a detached three-car garage. Recent property work includes interior and exterior painting, new flooring, kitchen and bathroom improvements, a newer boiler, and new electrical panels. The exterior is finished in stucco and heating is provided by an oil-fired hot-water system.
The property is located on Sherburne Avenue in Saint Paul’s Midway area, with light rail access and a Super Target within walking distance. The upper unit includes an oversized bedroom and a dining room that could be reconfigured for an additional bedroom. The large upper-level bathroom also provides an opportunity for further updating.
The property is located on Sherburne Avenue in Saint Paul’s Midway area, with light rail access and a Super Target within walking distance. The upper unit includes an oversized bedroom and a dining room that could be reconfigured for an additional bedroom. The large upper-level bathroom also provides an opportunity for further updating.
Key Highlights
- 1,596‑square‑foot duplex on a 0.113‑acre lot
- Detached 3‑car garage
- 1915 construction with stucco exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,319
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,380
$466.4K
Cap Rate 7%
$333,129
$333.1K
Cap Rate 9%
$259,100
$259.1K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$35.4K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.3K $20.87/SF
− OpEx
−$10.0K −$6.26/SF
NOI
$23.3K $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 Rate 5%
$466,380
Cap Rate 7%
$333,129
Cap Rate 9%
$259,100
Alternative Uses
Best Use
Multifamily LT 5
$333.1K
$291.5K – $388.7K
NOI $23,319 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$306.0K
$267.7K – $357.0K
NOI $21,418 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$380.8K
$333.2K – $444.2K
NOI $26,654 @ 7.0% cap · market cap 7.96%
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
1,364
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 - Updated two-unit property with detached parking, transit access, and an upper-level layout offering additional bedroom potential.
Where is this duplex located?
The property is located at 1303 Sherburne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,596‑square‑foot duplex on a 0.113‑acre lot; Detached 3‑car garage; 1915 construction with stucco exterior
