Four-Unit Property with
For Sale
$749,900
1681 Dayton Ave, Saint Paul, MN 55104
Four apartments feature hardwood floors, shared laundry, basement storage, and separate gas and electric meters.
Property Size2,920 SF
Price / SF$256.82
Days on Market66
Property Features for 1681 Dayton Ave
General Information
Standard status
Active
Size
2,920 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Amenities
shared laundry
basement storage
Building Details
Year Built
1958
Listing Agency:
RE/MAX Results
Listed By:
Christopher J Ames · License #710057
(651) 230-9200
Source:
Tayloronken
Added: Aug 1
Changed: Sep 10
Last Checked: Oct 4 at 3:25PM
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 four-unit residential property offers 2,920 square feet across apartments with hardwood flooring, abundant natural light, spacious living areas, and preserved architectural character. Separate gas and electric meters support unit-level utility management, while updated mechanical systems, shared laundry, and basement storage add practical functionality. The property was built in 1958 and includes a detached three-car garage with off-street parking.
The building is located at 1681 Dayton Ave in Saint Paul’s Merriam Park neighborhood, near the University of St. Thomas, Macalester College, the Mississippi River, neighborhood parks, restaurants, shopping, and public transit. Downtown Saint Paul and downtown Minneapolis are also accessible from the property.
The building is located at 1681 Dayton Ave in Saint Paul’s Merriam Park neighborhood, near the University of St. Thomas, Macalester College, the Mississippi River, neighborhood parks, restaurants, shopping, and public transit. Downtown Saint Paul and downtown Minneapolis are also accessible from the property.
Key Highlights
- Four‑unit residential property with 2,920 square feet
- Detached three‑car garage with off‑street parking
- Separate gas and electric meters for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,663
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,260
$853.3K
Cap Rate 7%
$609,471
$609.5K
Cap Rate 9%
$474,033
$474.0K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$64.8K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$60.9K $20.87/SF
− OpEx
−$18.3K −$6.26/SF
NOI
$42.7K $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%
$853,260
Cap Rate 7%
$609,471
Cap Rate 9%
$474,033
Alternative Uses
Best Use
Multifamily LT 5
$609.5K
$533.3K – $711.1K
NOI $42,663 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$559.8K
$489.8K – $653.1K
NOI $39,186 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$696.7K
$609.6K – $812.8K
NOI $48,766 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,522
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
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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 apartments feature hardwood floors, shared laundry, basement storage, and separate gas and electric meters.
Where is this quadplex located?
The property is located at 1681 Dayton Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four‑unit residential property with 2,920 square feet; Detached three‑car garage with off‑street parking; Separate gas and electric meters for the apartments
