Updated
For Sale
$995,000
518 Laurel Ave, Saint Paul, MN 55102
Four residences feature refreshed kitchens, ceramic bathrooms, private decks, and lower-level laundry facilities.
Property Size2,820 SF
Price / SF$352.84
Days on Market55
Property Features for 518 Laurel Ave
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
decks
shared laundry area
Building Details
Year Built
1911
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Christopher J Ames · License #710057
(651) 230-9200
Source:
Homesearchlive
Added: Aug 12
Changed: Sep 28
Last Checked: Oct 4 at 11:06AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 2,820-square-foot quadplex, built in 1911, contains four residential units arranged as two main-floor apartments and two upper-level apartments. Each unit has been updated over the last few years, with refreshed kitchens and ceramic-tiled bathrooms. Decks extend from the units toward the rear outdoor area, while a shared laundry room is located on the lower level.
The property occupies a large lot with off-street parking and sits across from McQuillan Park at 518 Laurel Ave in Saint Paul. The four-unit configuration, multiple floor levels, and existing common laundry provide a clearly defined residential income property layout.
The property occupies a large lot with off-street parking and sits across from McQuillan Park at 518 Laurel Ave in Saint Paul. The four-unit configuration, multiple floor levels, and existing common laundry provide a clearly defined residential income property layout.
Key Highlights
- Four‑unit quadplex with two main‑floor and two upper‑level residences
- 2,820 SF building constructed in 1911
- All units updated over the last few years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,202
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,040
$824.0K
Cap Rate 7%
$588,600
$588.6K
Cap Rate 9%
$457,800
$457.8K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$62.6K $22.20/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$58.9K $20.87/SF
− OpEx
−$17.7K −$6.26/SF
NOI
$41.2K $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%
$824,040
Cap Rate 7%
$588,600
Cap Rate 9%
$457,800
Alternative Uses
Best Use
Multifamily LT 5
$588.6K
$515.0K – $686.7K
NOI $41,202 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$540.6K
$473.1K – $630.7K
NOI $37,844 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$672.8K
$588.7K – $784.9K
NOI $47,096 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
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?
Quadplex - Four residences feature refreshed kitchens, ceramic bathrooms, private decks, and lower-level laundry facilities.
Where is this quadplex located?
The property is located at 518 Laurel Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four‑unit quadplex with two main‑floor and two upper‑level residences; 2,820 SF building constructed in 1911; All units updated over the last few years
