Duplex with Two-Car
For Sale
$674,900
1200 Laurel Ave, Saint Paul, MN 55104
Two residential units combine original character with an updated kitchen, modern bathroom, and welcoming porch spaces.
Property Size4,336 SF
Price / SF$155.65
Days on Market84
Property Features for 1200 Laurel Ave
General Information
Standard status
Active
Size
4,336 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
4-bedroom, 3-bedroom
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
RE/MAX Results
Listed By:
Cory P Kingbay
(612) 978-1724
Source:
Vibemn
Added: Jul 14
Changed: Sep 13
Last Checked: Oct 4 at 1:15PM
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.
Built in 1910, this 4,336-square-foot duplex includes two residential units with 4-bedroom and 3-bedroom layouts. The property retains hardwood floors and original woodwork while incorporating an updated kitchen with quartz countertops and upgraded stainless steel appliances. A modern bathroom, front porch, rear porch, and two-car garage add functional and architectural appeal. The main-level unit is occupied by long-term tenants.
Located at 1200 Laurel Ave in Saint Paul, Minnesota, the property offers a combination of period details and contemporary interior improvements. The unit configuration, garage, and porch areas provide a well-defined residential income property profile.
Located at 1200 Laurel Ave in Saint Paul, Minnesota, the property offers a combination of period details and contemporary interior improvements. The unit configuration, garage, and porch areas provide a well-defined residential income property profile.
Key Highlights
- Two‑unit duplex with 4‑bedroom and 3‑bedroom layouts
- 4,336 square feet on a 0.23‑acre lot
- Updated kitchen with quartz countertops and upgraded stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,188
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,760
$1.2M
Cap Rate 7%
$831,257
$831.3K
Cap Rate 9%
$646,533
$646.5K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$112.9K $26.04/SF
− Vacancy
−$7.1K −$1.64/SF
EGI
$105.8K $24.40/SF
− OpEx
−$47.6K −$10.98/SF
NOI
$58.2K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,760
Cap Rate 7%
$831,257
Cap Rate 9%
$646,533
Alternative Uses
Best Use
Multifamily LT 5
$905.0K
$791.9K – $1.06M
NOI $63,352 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$831.3K
$727.4K – $969.8K
NOI $58,188 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.03M
$905.2K – $1.21M
NOI $72,414 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
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?
Duplex - Two residential units combine original character with an updated kitchen, modern bathroom, and welcoming porch spaces.
Where is this duplex located?
The property is located at 1200 Laurel Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two‑unit duplex with 4‑bedroom and 3‑bedroom layouts; 4,336 square feet on a 0.23‑acre lot; Updated kitchen with quartz countertops and upgraded stainless steel appliances
