Duplex with Tandem
New
For Sale
$300,000
1400 Arlington Avenue E, Saint Paul, MN 55106
Separate furnaces and water heaters serve the two residences.
Property Size2,048 SF
Price / SF$146.48
Days on Market4
Property Features for 1400 Arlington Avenue E
General Information
Standard status
Active
Size
2,048 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
private backyard
washer/dryer hookups
hardwood floors
eat-in kitchen
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Diversified Realty
Listed By:
The Antonov Group
(612) 445-4981
Source:
Theantonovgroup
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:57PM
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 Diversified Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this 2,048-square-foot duplex has a three-bedroom main-floor residence and a two-bedroom upper unit. Both include an eat-in kitchen and refinished hardwood flooring. Each unit is equipped with its own high-efficiency furnace and water heater, and washer and dryer hookups are provided. The property also features a private backyard and a tuck-under tandem garage with space for two cars.
At 1400 Arlington Avenue E in Saint Paul, the duplex is three blocks from Lake Phalen.
At 1400 Arlington Avenue E in Saint Paul, the duplex is three blocks from Lake Phalen.
Key Highlights
- 2,048‑square‑foot duplex with three bedrooms on the main level and two upstairs
- Individual high‑efficiency furnace and water heater in each unit
- Eat‑in kitchens and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,484
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,680
$549.7K
Cap Rate 7%
$392,629
$392.6K
Cap Rate 9%
$305,378
$305.4K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$53.3K $26.04/SF
− Vacancy
−$3.4K −$1.64/SF
EGI
$50.0K $24.40/SF
− OpEx
−$22.5K −$10.98/SF
NOI
$27.5K $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%
$549,680
Cap Rate 7%
$392,629
Cap Rate 9%
$305,378
Alternative Uses
Best Use
Multifamily LT 5
$427.5K
$374.0K – $498.7K
NOI $29,923 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$392.6K
$343.6K – $458.1K
NOI $27,484 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$488.6K
$427.5K – $570.1K
NOI $34,203 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
311
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate furnaces and water heaters serve the two residences.
Where is this duplex located?
The property is located at 1400 Arlington Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,048‑square‑foot duplex with three bedrooms on the main level and two upstairs; Individual high‑efficiency furnace and water heater in each unit; Eat‑in kitchens and refinished hardwood floors
