4-Unit
1368 7th Street E, Saint Paul, MN 55106
For Sale
$385,000
Three apartments are occupied, while the fourth is vacant and being offered for rent.
Property Size1,900 SF
Price / SF$202.63
Days on Market53
Property Features for 1368 7th Street E
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
laundry machines
Building Details
Year Built
Listing Agency:
Kingwood Management
(651) 439-7812
Listed By:
Ryan Skogen
(651) 491-5041
Source:
Obviousrealestate
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 3:23PM
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 Kingwood Management
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Investment Insights
Based on property information with market context.
This 1,900-square-foot quadplex, built in 1958, contains four apartments. Three units are rented, and the remaining apartment is vacant and being marketed for rental. Owned coin-operated laundry equipment is included with the property.
The property is in an established residential area of Saint Paul, near main thoroughfares and a few minutes from downtown.
The property is in an established residential area of Saint Paul, near main thoroughfares and a few minutes from downtown.
Key Highlights
- Four residential units
- Three units rented; one vacant and being marketed for rent
- Owned coin‑operated laundry equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,760
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,200
$555.2K
Cap Rate 7%
$396,571
$396.6K
Cap Rate 9%
$308,444
$308.4K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$42.2K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$39.7K $20.87/SF
− OpEx
−$11.9K −$6.26/SF
NOI
$27.8K $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%
$555,200
Cap Rate 7%
$396,571
Cap Rate 9%
$308,444
Alternative Uses
Best Use
Multifamily LT 5
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
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Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while the fourth is vacant and being offered for rent.
Where is this quadplex located?
The property is located at 1368 7th Street E Saint Paul, MN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Four residential units; Three units rented; one vacant and being marketed for rent; Owned coin‑operated laundry equipment included
