Updated Two-Unit
For Sale
$361,300
442 Pierce St N, Saint Paul, MN 55104
Two-bedroom residences feature renovated kitchens, refreshed baths, built-ins, and shared outdoor spaces.
Property Size2,160 SF
Price / SF$167.27
Days on Market75
Property Features for 442 Pierce St N
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private porch
deck
front porch
basement
washer/dryer
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Realty ONE Group Choice
Listed By:
Lynn M Fellerman
(612) 749-8404
Source:
Vibemn
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 7 at 3:18PM
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 Realty ONE Group Choice
Investment Insights
Based on property information with market context.
Built in 1923, this two-story duplex contains two residences, each with 2 bedrooms and 1 bathroom. The 2,160-square-foot property includes updated kitchens and baths, woodwork, built-ins, open living areas, and formal dining spaces. The upper residence has a private porch, while both units share a deck and front porch entry. A full basement provides storage and washer/dryer access.
The property is located at 442 Pierce St N in Saint Paul, near transit, shopping, restaurants, and Allianz Field. Its up-and-down layout and separate residential spaces support either owner occupancy or an investment strategy, as described for the property.
The property is located at 442 Pierce St N in Saint Paul, near transit, shopping, restaurants, and Allianz Field. Its up-and-down layout and separate residential spaces support either owner occupancy or an investment strategy, as described for the property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 2,160‑square‑foot property built in 1923
- Updated kitchens and baths with woodwork and built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,559
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,180
$631.2K
Cap Rate 7%
$450,843
$450.8K
Cap Rate 9%
$350,656
$350.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$48.0K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$45.1K $20.87/SF
− OpEx
−$13.5K −$6.26/SF
NOI
$31.6K $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%
$631,180
Cap Rate 7%
$450,843
Cap Rate 9%
$350,656
Alternative Uses
Best Use
Multifamily LT 5
$450.8K
$394.5K – $526.0K
NOI $31,559 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,987 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$515.3K
$450.9K – $601.2K
NOI $36,073 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,301
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
Check the figures for this property
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-bedroom residences feature renovated kitchens, refreshed baths, built-ins, and shared outdoor spaces.
Where is this duplex located?
The property is located at 442 Pierce St N Saint Paul, MN.
What is the asking price?
The asking price for this property is $361,300.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 2,160‑square‑foot property built in 1923; Updated kitchens and baths with woodwork and built‑ins
