New Construction
For Sale
$499,900
Pending
132 York Ave, Saint Paul, MN 55117
Two-level duplex with modern interiors, separate utilities, and dedicated laundry areas in each residence.
Property Size3,100 SF
Days on Market94
Property Features for 132 York Ave
General Information
Standard status
Pending
Size
3,100 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,632
Amenities
dedicated laundry areas
central A/C
Building Details
Year Built
2026
Listing Agency:
Real Estate Parkway
(651) 468-7708
Listed By:
Tracy Nelson
(651) 468-7708
Source:
Exprealty
Added: May 22
Changed: Aug 23
Last Checked: Aug 22 at 8:58AM
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 Real Estate Parkway
Investment Insights
Based on property information with market context.
This up-and-down duplex is scheduled as 2026 new construction and includes two residential units, each with 3 bedrooms, 2 bathrooms, and approximately 1,550 fsf. The interiors feature open-concept layouts, modern lighting, LVP flooring, and stainless steel appliances. Each unit also has a dedicated laundry area and separate HVAC, central A/C, gas, electric, and water-heating systems.
The property is located on York Avenue in Saint Paul, minutes from downtown and near parks, restaurants, shopping, and major commuter routes. Exterior improvements include a stone retention system and fresh ground cover intended to support future lawn growth. The two-unit configuration supports either owner occupancy or a rental property strategy.
The property is located on York Avenue in Saint Paul, minutes from downtown and near parks, restaurants, shopping, and major commuter routes. Exterior improvements include a stone retention system and fresh ground cover intended to support future lawn growth. The two-unit configuration supports either owner occupancy or a rental property strategy.
Key Highlights
- 2026 new construction up‑and‑down duplex
- 2 units with 3 BR, 2 BA and approx. 1, 550 fsf per unit (3, 100 total fsf)
- Open‑concept interiors with LVP flooring and stainless steel appliances
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
$45,293
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
9.06%
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%
$905,860
$905.9K
Cap Rate 7%
$647,043
$647.0K
Cap Rate 9%
$503,256
$503.3K
Market Conditions
NOI Build-Up for 3,100 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
$68.8K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$64.7K $20.87/SF
− OpEx
−$19.4K −$6.26/SF
NOI
$45.3K $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%
$905,860
Cap Rate 7%
$647,043
Cap Rate 9%
$503,256
Alternative Uses
Best Use
Multifamily LT 5
$647.0K
$566.2K – $754.9K
NOI $45,293 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$594.3K
$520.0K – $693.4K
NOI $41,601 @ 7.0% cap · market cap 8.32%
Theoretical Best
Healthcare Medical
$762.9K
$667.5K – $890.0K
NOI $53,401 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
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 - Two-level duplex with modern interiors, separate utilities, and dedicated laundry areas in each residence.
Where is this duplex located?
The property is located at 132 York Ave 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: 2026 new construction up‑and‑down duplex; 2 units with 3 BR, 2 BA and approx. 1, 550 fsf per unit (3, 100 total fsf); Open‑concept interiors with LVP flooring and stainless steel appliances
