Side-by-Side Duplex with Unfinished
For Sale
$349,000
Pending
141 9th Avenue N, South Saint Paul, MN 55075
MULTI_FAMILY - South Saint Paul, MN
Property Size1,560 SF
Lot Size0.12 Acres
Days on Market50
Property Features for 141 9th Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 2
Parking features
Driveway, Garage - Detached
Exterior features
Stucco
Fencing
Chain Link
Subdivision
Felkers Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
South St. Paul
Directions
Highway 52 to Southview Boulevard, East to 9th Ave., North to duplex.
Standard status
Pending
APN
362610001050
Size
1,560 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5236
Utilities
Heating system
Forced Air
Building Details
Year built
1968
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 552-3600
Listed By:
Christopher J Ames · License #710057
(952) 829-2900
Added: Jun 26
Changed: Aug 1
Last Checked: Aug 14 at 11:06PM
MLS# 7085497
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two residential units with two bedrooms each. Each unit includes private laundry, and both units have separate utilities. The lower levels are unfinished, providing space to add finished living area. Construction materials include block and frame, with stucco exterior finishes and a shingle roof. Heating is forced air.
The property sits on a 0.12-acre lot and includes a detached garage stall accessed via a driveway. Chain link fencing is present on the site. Built in 1968, the duplex totals 1,560 square feet.
141 9th Avenue N in South Saint Paul, MN provides a practical layout for tenants who value in-unit laundry and straightforward utility separation, while also leaving room to expand use by finishing the lower level.
The property sits on a 0.12-acre lot and includes a detached garage stall accessed via a driveway. Chain link fencing is present on the site. Built in 1968, the duplex totals 1,560 square feet.
141 9th Avenue N in South Saint Paul, MN provides a practical layout for tenants who value in-unit laundry and straightforward utility separation, while also leaving room to expand use by finishing the lower level.
Key Highlights
- Unfinished lower levels to add finished living space
- Two‑bedroom side‑by‑side duplex with private laundry in each unit
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,793
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,860
$455.9K
Cap Rate 7%
$325,614
$325.6K
Cap Rate 9%
$253,256
$253.3K
Market Conditions
NOI Build-Up for 1,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.6K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.6K $20.87/SF
− OpEx
−$9.8K −$6.26/SF
NOI
$22.8K $14.61/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,860
Cap Rate 7%
$325,614
Cap Rate 9%
$253,256
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,793 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$299.1K
$261.7K – $348.9K
NOI $20,935 @ 7.0% cap · market cap 6.00%
Theoretical Best
Healthcare Medical
$383.9K
$335.9K – $447.9K
NOI $26,873 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 55075, MN
20,749
Population
8,460
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
3,705
Density / Sq Mi
$84,573
Median Household Income
$48,724
Median Earnings
$1,128
Median Rent
$267,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two-bedroom units, private laundry, detached garage, and separate utilities for each unit.
Where is this duplex located?
The property is located at 141 9th Avenue N South Saint Paul, MN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Unfinished lower levels to add finished living space; Two‑bedroom side‑by‑side duplex with private laundry in each unit; Separate utilities for each unit
