Updated True Duplex with Sun
For Sale
$499,900
Pending
1319 Dayton Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size2,860 SF
Lot Size0.13 Acres
Days on Market348
Property Features for 1319 Dayton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Exterior features
Brick/Stone
Subdivision
John B Hoxsies Rearrange-, Men
High school district
St. Paul
Directions
Hamline Ave to Dayton East to property
Standard status
Pending
APN
032823120045
Size
2,860 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12470
Utilities
Heating system
Oil
Amenities
updated kitchens and baths
hardwood floors
built-ins
south facing sun rooms
Building Details
Year built
1921
Listing Agency:
Lynden Realty, Ltd.
(651) 228-0404
Listed By:
John S. Lynden
(651) 228-0404
Added: Sep 10, 2025
Changed: Aug 19
Last Checked: Aug 23 at 3:06AM
MLS# 6787142
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 classic true duplex (built in 1921) features brick/stone exterior and interior highlights such as hardwood floors and built-ins. The property includes updated kitchens and baths, along with south-facing sun rooms for added natural light. Heating is provided by oil heat, and the home also includes a basement.
Outside, the property’s compact lot size is listed at 0.128 acres. The listing reports a new roof installed in 2025.
With multiple bedrooms and bathrooms across the layout, the duplex configuration supports residential income use.
Outside, the property’s compact lot size is listed at 0.128 acres. The listing reports a new roof installed in 2025.
With multiple bedrooms and bathrooms across the layout, the duplex configuration supports residential income use.
Key Highlights
- True duplex built in 1921 with brick/stone exterior
- Updated kitchens and baths throughout
- Hardwood floors plus built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,787
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,740
$835.7K
Cap Rate 7%
$596,957
$597.0K
Cap Rate 9%
$464,300
$464.3K
Market Conditions
NOI Build-Up for 2,860 SF
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.
Gross rent
$63.5K $22.20/SF
− Vacancy
−$3.8K −$1.33/SF
EGI
$59.7K $20.87/SF
− OpEx
−$17.9K −$6.26/SF
NOI
$41.8K $14.61/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,740
Cap Rate 7%
$596,957
Cap Rate 9%
$464,300
Alternative Uses
Best Use
Multifamily LT 5
$597.0K
$522.3K – $696.5K
NOI $41,787 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,380 @ 7.0% cap · market cap 7.68%
Theoretical Best
Healthcare Medical
$703.8K
$615.8K – $821.1K
NOI $49,266 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,378
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Classic true duplex with updated kitchens and baths, hardwood floors, and south-facing sun rooms.
Where is this duplex located?
The property is located at 1319 Dayton Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: True duplex built in 1921 with brick/stone exterior; Updated kitchens and baths throughout; Hardwood floors plus built‑ins
