Building Details

Year Built 1882

Listing Agency: Edina Realty, Inc.

Listed By: Bradley Knospe Show Phone

Source: Searchhousesnow

Added: Aug 13 Changed: Sep 27 Last Checked: Oct 4 at 2:53PM

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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 Edina Realty, Inc.

Investment Insights

Based on property information with market context.

This 1,756-square-foot duplex includes two residential units and a backyard suitable for outdoor use, entertaining, or gardening. Recent property improvements include refreshed exterior siding, replacement windows, and insulation added in the attic and rim joist. The configuration supports either owner-occupant use or rental operations.

The property is located five blocks from historic downtown Stillwater and seven blocks from the St. Croix River. Shops, restaurants, parks, and riverfront attractions are also nearby, placing everyday services and recreation within the surrounding area.

Key Highlights

• Two‑unit duplex totaling 1,756 square feet
• Refreshed exterior siding and new windows
• Attic and rim‑joist insulation improvements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,000

Cap Rate

4.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$460,000 $460.0K

Cap Rate 7%

$328,571 $328.6K

Cap Rate 9%

$255,556 $255.6K

Market Conditions

NOI Build-Up for 1,756 SF

Gross rent

$34.8K $19.80/SF

− Vacancy

−$1.9K −$1.09/SF

EGI

$32.9K $18.71/SF

− OpEx

−$9.9K −$5.61/SF

NOI

$23.0K $13.10/SF

Area

Washington County, MN

Vacancy

5.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$460,000

Cap Rate 7%

$328,571

Cap Rate 9%

$255,556

Alternative Uses

Best Use

Multifamily LT 5

$328.6K

$287.5K – $383.3K (±1% cap)

NOI $23,000 @ 7.0% cap · market cap 4.84%

Second Best

Apartment 5plus

$305.1K

$267.0K – $356.0K (±1% cap)

NOI $21,360 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$487.8K

$426.8K – $569.1K (±1% cap)

NOI $34,143 @ 7.0% cap · market cap 7.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Nail Salon Locksmith Home Appliance Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,470

Businesses Nearby

Explore this area Business Placement

Demographics for 55082, MN

36,441

Population

15,493

Households

2.4

Avg Household Size

46

Median Age

53%

College-Educated

97%

High-School Grad

79.2 sq mi

ZIP Area

460

Density / Sq Mi

$117,538

Median Household Income

$58,615

Median Earnings

$1,439

Median Rent

$459,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with refreshed exterior, new windows, and added attic and rim-joist insulation.

Where is this duplex located?

The property is located at 417 Harriet St S Stillwater, MN.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,756 square feet; Refreshed exterior siding and new windows; Attic and rim‑joist insulation improvements