Duplex with Updated Lower
For Sale
$169,900
324 E 5th St, Saint Charles, MN 55972
Two residential units offer distinct layouts, including a two-bedroom lower apartment and a one-bedroom upper apartment with a deck.
Property Size1,367 SF
Price / SF$124.29
Days on Market46
Property Features for 324 E 5th St
General Information
Standard status
Active
Size
1,367 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2 bed 1 bath, 1 x 1 bed 1 bath
Multifamily Units
2
Amenities
deck
Building Details
Year Built
1885
Listing Agency:
Coffee House Real Estate LLC
Listed By:
Mitchell Walch
(507) 450-8046
Source:
Homesminn
Added: Aug 21
Changed: Sep 20
Last Checked: Oct 4 at 3:48PM
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 Coffee House Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units with different configurations. The lower apartment has two bedrooms and one bathroom, along with several recent updates. The upper apartment provides one bedroom and one bathroom plus a deck with a view.
Located in Saint Charles, the property is within reach of Rochester and Winona. The layout supports continued use as a two-unit residential property, with the lower and upper residences offering separate living arrangements.
Located in Saint Charles, the property is within reach of Rochester and Winona. The layout supports continued use as a two-unit residential property, with the lower and upper residences offering separate living arrangements.
Key Highlights
- Two‑unit duplex configuration
- Lower unit has 2 bedrooms and 1 bathroom
- Upper unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,421
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,420
$268.4K
Cap Rate 7%
$191,729
$191.7K
Cap Rate 9%
$149,122
$149.1K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$20.5K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$19.2K $14.03/SF
− OpEx
−$5.8K −$4.21/SF
NOI
$13.4K $9.82/SF
Area
Olmsted County, MN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,420
Cap Rate 7%
$191,729
Cap Rate 9%
$149,122
Alternative Uses
Best Use
Multifamily LT 5
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$360.6K
$315.5K – $420.7K
NOI $25,242 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 55972, MN
5,265
Population
2,134
Households
2.5
Avg Household Size
36
Median Age
33%
College-Educated
93%
High-School Grad
88.3 sq mi
ZIP Area
60
Density / Sq Mi
$97,500
Median Household Income
$49,482
Median Earnings
$942
Median Rent
$256,000
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 - Two residential units offer distinct layouts, including a two-bedroom lower apartment and a one-bedroom upper apartment with a deck.
Where is this duplex located?
The property is located at 324 E 5th St Saint Charles, MN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; Lower unit has 2 bedrooms and 1 bathroom; Upper unit includes 1 bedroom and 1 bathroom
