Duplex with Private
1481 Edgerton St, Saint Paul, MN 55130
For Sale
$314,900
Pending
Two vacant residences offer separate living areas, central air conditioning, and access to shared basement laundry and storage.
Property Size1,579 SF
Days on Market26
Property Features for 1481 Edgerton St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced backyard
large deck
detached garage
shared laundry
storage
private balcony
Building Details
Year Built
Buildings
Stories
Listing Agency:
Savvy Avenue, LLC
Listed By:
Moe Mossa · License MN #496503916
(888) 490-1268
Source:
Exprealty
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 Savvy Avenue, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,579-square-foot duplex, built in 1941, contains a three-bedroom main-level residence and an upper one-bedroom unit with an eat-in kitchen and private balcony. Interior updates include refinished hardwood floors and fresh paint; the roof, vinyl siding, and gutters were replaced in 2021. Plumbing was redone with lead removed. Each unit has zoned forced-air heat and central A/C. The full basement provides shared laundry and storage, while the exterior includes a fenced backyard, deck, and detached garage.
Wheelock Parkway and its bike path are nearby, with a connection to the Gateway State Trail toward Stillwater. Lake Phalen and the Arlington/Arkwright off-leash dog park are also within walking distance.
Wheelock Parkway and its bike path are nearby, with a connection to the Gateway State Trail toward Stillwater. Lake Phalen and the Arlington/Arkwright off-leash dog park are also within walking distance.
Key Highlights
- Two‑unit layout: three bedrooms on the main level and one bedroom upstairs
- 1,579 square feet; built in 1941
- Roof, vinyl siding, and gutters replaced in 2021; plumbing redone with lead removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,070
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,400
$461.4K
Cap Rate 7%
$329,571
$329.6K
Cap Rate 9%
$256,333
$256.3K
Market Conditions
NOI Build-Up for 1,579 SF
Gross rent
$35.1K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.0K $20.87/SF
− OpEx
−$9.9K −$6.26/SF
NOI
$23.1K $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%
$461,400
Cap Rate 7%
$329,571
Cap Rate 9%
$256,333
Alternative Uses
Best Use
Multifamily LT 5
$329.6K
$288.4K – $384.5K
NOI $23,070 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$376.7K
$329.6K – $439.5K
NOI $26,370 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Saint Paul, MN
Properties on Market for Duplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer separate living areas, central air conditioning, and access to shared basement laundry and storage.
Where is this duplex located?
The property is located at 1481 Edgerton St Saint Paul, MN.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit layout: three bedrooms on the main level and one bedroom upstairs; 1,579 square feet; built in 1941; Roof, vinyl siding, and gutters replaced in 2021; plumbing redone with lead removed
