Building Details

Year Built 1899

Listing Agency: RE/MAX Results

Listed By: Nicole L Stone Show Phone

Source: Homesearchlive

Added: Jul 14 Changed: Sep 11 Last Checked: Oct 7 at 2:37PM

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Investment Insights

Based on property information with market context.

This 1,744-square-foot duplex at 1177 Forest St includes two distinct residences: a three-bedroom unit on the main level and a two-bedroom unit upstairs. Renovation work includes remodeled kitchens with new appliances, refreshed bathrooms, new flooring, interior doors, fresh paint, and a replacement roof. The property was built in 1899 and combines updated interior finishes with a two-unit layout.

Each residence has separate utility service, while water is measured through one shared meter. The Saint Paul property is near shopping, dining, parks, and transportation, adding convenient access for occupants. Its current configuration supports either owner occupancy with an additional unit or use as a two-unit rental property.

Key Highlights

• Two‑unit duplex with a 3‑bedroom main‑level residence and a 2‑bedroom upper unit
• 1,744 SF property built in 1899
• Updated kitchens include new appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,481

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$509,620 $509.6K

Cap Rate 7%

$364,014 $364.0K

Cap Rate 9%

$283,122 $283.1K

Market Conditions

NOI Build-Up for 1,744 SF

Gross rent

$38.7K $22.20/SF

− Vacancy

−$2.3K −$1.33/SF

EGI

$36.4K $20.87/SF

− OpEx

−$10.9K −$6.26/SF

NOI

$25.5K $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%

$509,620

Cap Rate 7%

$364,014

Cap Rate 9%

$283,122

Alternative Uses

Best Use

Multifamily LT 5

$364.0K

$318.5K – $424.7K (±1% cap)

NOI $25,481 @ 7.0% cap · market cap 8.79%

Second Best

Apartment 5plus

$334.3K

$292.6K – $390.1K (±1% cap)

NOI $23,404 @ 7.0% cap · market cap 8.07%

Theoretical Best

Office A

$416.1K

$364.1K – $485.4K (±1% cap)

NOI $29,126 @ 7.0% cap · market cap 10.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Electrical Service Storage Facility

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

595

Businesses Nearby

Explore this area Business Placement

Demographics for 55106, MN

60,327

Population

19,974

Households

3

Avg Household Size

30

Median Age

23%

College-Educated

82%

High-School Grad

9.4 sq mi

ZIP Area

6,418

Density / Sq Mi

$68,601

Median Household Income

$39,834

Median Earnings

$1,230

Median Rent

$233,000

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 - Updated kitchens, bathrooms, flooring, and appliances support immediate occupancy or leasing.

Where is this duplex located?

The property is located at 1177 Forest St Saint Paul, MN.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: Two‑unit duplex with a 3‑bedroom main‑level residence and a 2‑bedroom upper unit; 1,744 SF property built in 1899; Updated kitchens include new appliances