Updated Duplex with Three-Car
For Sale
$335,000
1303 Sherburne Ave, Saint Paul, MN 55104
Interior and exterior improvements include paint, flooring, kitchen and bathroom work, a newer boiler, and electrical panels.
Property Size1,596 SF
Price / SF$209.90
Days on Market42
Property Features for 1303 Sherburne Ave
General Information
Standard status
Active
Size
1,596 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Real Broker, LLC
Listed By:
Tyler Nash
(651) 587-7197
Source:
Tayloronken
Added: Aug 25
Changed: Sep 15
Last Checked: Oct 4 at 1:11PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 1,596-square-foot duplex, built in 1915, has undergone updates to its interiors and exterior. Work includes new flooring, fresh paint inside and out, kitchen and bathroom improvements, a newer boiler, and new electrical panels. A three-car garage adds substantial parking and storage capacity. The upper unit includes an unusually large bedroom, while the existing dining room could be reconfigured to create a second bedroom. Its large upper-level bathroom also presents an opportunity for further improvement.
The property is in Saint Paul’s Midway area on a quiet street, with light rail access nearby and Super Target within walking distance. It is also near the soccer stadium area, where additional development is planned. The layout and condition support either tenant occupancy or use by an owner occupant.
The property is in Saint Paul’s Midway area on a quiet street, with light rail access nearby and Super Target within walking distance. It is also near the soccer stadium area, where additional development is planned. The layout and condition support either tenant occupancy or use by an owner occupant.
Key Highlights
- 1,596‑square‑foot duplex with updates to paint, flooring, kitchen, bathrooms, boiler, and electrical panels
- Three‑car garage included
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,319
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,380
$466.4K
Cap Rate 7%
$333,129
$333.1K
Cap Rate 9%
$259,100
$259.1K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$35.4K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.3K $20.87/SF
− OpEx
−$10.0K −$6.26/SF
NOI
$23.3K $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%
$466,380
Cap Rate 7%
$333,129
Cap Rate 9%
$259,100
Alternative Uses
Best Use
Multifamily LT 5
$333.1K
$291.5K – $388.7K
NOI $23,319 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$306.0K
$267.7K – $357.0K
NOI $21,418 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$380.8K
$333.2K – $444.2K
NOI $26,654 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,364
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Interior and exterior improvements include paint, flooring, kitchen and bathroom work, a newer boiler, and electrical panels.
Where is this duplex located?
The property is located at 1303 Sherburne Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,596‑square‑foot duplex with updates to paint, flooring, kitchen, bathrooms, boiler, and electrical panels; Three‑car garage included; Built in 1915
