Side-by-Side Duplex with
For Sale
$349,900
Pending
141 York Ave, Saint Paul, MN 55117
Updated kitchens, fenced private yards, and unfinished basements support flexible rental use.
Property Size2,400 SF
Days on Market32
Property Features for 141 York Ave
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
high ceilings
original painted woodwork
walk-in pantry
new appliances
fenced private backyards
Building Details
Year Built
1900
Buildings
1
Listing Agency:
CENTURY 21 MarketLink Realty
(651) 894-1808
Listed By:
Kara J. Holt
Source:
Homesminn
Added: Aug 1
Changed: Aug 31
Last Checked: Aug 31 at 7:31PM
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 CENTURY 21 MarketLink Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex offers 2,400 square feet across two residential units, with high ceilings and original painted woodwork. Each unit includes generous main-level living areas, an eat-in kitchen with a walk-in pantry, and three bedrooms positioned upstairs. Recent improvements include kitchen cabinetry, appliances, paint, and flooring. Unfinished basements provide additional space, while separate fenced backyards add private outdoor areas.
Located at 141 York Ave in Saint Paul, the property sits on a quiet one-block street with access to bus lines and nearby freeway connections. Parking is available off the rear alley, with additional open space that could accommodate a future garage. Built in 1900, the duplex combines historic interior details with updated unit finishes.
Located at 141 York Ave in Saint Paul, the property sits on a quiet one-block street with access to bus lines and nearby freeway connections. Parking is available off the rear alley, with additional open space that could accommodate a future garage. Built in 1900, the duplex combines historic interior details with updated unit finishes.
Key Highlights
- 2,400‑square‑foot side‑by‑side duplex with two units
- Each unit includes three upstairs bedrooms and an eat‑in kitchen
- New kitchen cabinets, appliances, paint, and flooring
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
$32,207
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
9.20%
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%
$644,140
$644.1K
Cap Rate 7%
$460,100
$460.1K
Cap Rate 9%
$357,856
$357.9K
Market Conditions
NOI Build-Up for 2,400 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
$62.5K $26.04/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$58.6K $24.40/SF
− OpEx
−$26.4K −$10.98/SF
NOI
$32.2K $13.42/SF
Area
Dakota 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 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%
$644,140
Cap Rate 7%
$460,100
Cap Rate 9%
$357,856
Alternative Uses
Best Use
Multifamily LT 5
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$460.1K
$402.6K – $536.8K
NOI $32,207 @ 7.0% cap · market cap 9.20%
Theoretical Best
Healthcare Medical
$590.6K
$516.8K – $689.0K
NOI $41,342 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
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 - Updated kitchens, fenced private yards, and unfinished basements support flexible rental use.
Where is this duplex located?
The property is located at 141 York Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,400‑square‑foot side‑by‑side duplex with two units; Each unit includes three upstairs bedrooms and an eat‑in kitchen; New kitchen cabinets, appliances, paint, and flooring
