Spacious Duplex in Saint
For Sale
$387,500
1474 Mcafee Street Saint, Saint Paul, MN 55106
Side-by-side duplex with flexible layout and income potential.
Property Size1,725 SF
Price / SF$224.64
Days on Market388
Property Features for 1474 Mcafee Street Saint
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Duplex
Amenities
Forced Air
Building Details
Building Size
1,725 SF
Year Built
1960
Listing Agency:
Homerun Realty, LLC
(651) 955-8161
Listed By:
Lasha Raddatz · License #20319973
(651) 955-8161
Source:
Kw
Added: Aug 1, 2025
Changed: Aug 19
Last Checked: Aug 23 at 1:02PM
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 Homerun Realty, LLC
Investment Insights
Based on property information with market context.
The property at 1474 McAfee Street is a side-by-side duplex featuring a total of 5 bedrooms and 2 bathrooms across two units. The property offers flexibility for various uses, including house hacking, rental portfolio expansion, or living in one unit while renting the other. Each unit has a private entrance, hardwood floors, and generously sized windows that provide natural light. One unit features a 3-bedroom, 1-bath layout, while the other offers a 2-bedroom, 1-bath configuration, suitable for multigenerational living or maximizing rental income. An unfinished basement provides storage and laundry space. Attached tuck-under garages add convenience. Recent updates include refreshed bathrooms and updated flooring. The property is located blocks from Hazel Park, grocery stores, schools, and public transit, with easy access to downtown Saint Paul and green spaces on the East Side. Quick freeway connections provide access to nearby parks and playgrounds, and Lake Phalen is minutes away.
Key Highlights
- Spacious side‑by‑side duplex with 5 bedrooms and 2 bathrooms total.
- Ideal for house hacking, rental income, or multigenerational living.
- Each unit has a private entrance, hardwood floors, and ample natural light.
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
$25,203
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
6.50%
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%
$504,060
$504.1K
Cap Rate 7%
$360,043
$360.0K
Cap Rate 9%
$280,033
$280.0K
Market Conditions
NOI Build-Up for 1,725 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
$38.3K $22.20/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$36.0K $20.87/SF
− OpEx
−$10.8K −$6.26/SF
NOI
$25.2K $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%
$504,060
Cap Rate 7%
$360,043
Cap Rate 9%
$280,033
Alternative Uses
Best Use
Multifamily LT 5
$360.0K
$315.0K – $420.1K
NOI $25,203 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$330.7K
$289.4K – $385.8K
NOI $23,149 @ 7.0% cap · market cap 5.97%
Theoretical Best
Healthcare Medical
$424.5K
$371.4K – $495.3K
NOI $29,715 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
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
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 flexible layout and income potential.
Where is this duplex located?
The property is located at 1474 Mcafee Street Saint Saint Paul, MN.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Spacious side‑by‑side duplex with 5 bedrooms and 2 bathrooms total.; Ideal for house hacking, rental income, or multigenerational living.; Each unit has a private entrance, hardwood floors, and ample natural light.
