Duplex Near Neighborhood
New
For Sale
$299,999
1498 Reaney Avenue E, Saint Paul, MN 55106
The St. Paul property offers access to shopping, dining, parks, and other neighborhood services.
Property Size1,754 SF
Price / SF$171.04
Days on Market3
Property Features for 1498 Reaney Avenue E
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Multi-Family
Building Details
Year Built
1954
Listing Agency:
Home Match Realty
Listed By:
Eric Eickhof
(952) 472-6200
Source:
Fultonrealty
Added: Oct 23
Last Checked: Oct 24 at 4:43PM
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 Home Match Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 1498 Reaney Avenue E in Saint Paul was built in 1954. The property is situated in a residential area with access to local shopping, restaurants, parks, and neighborhood amenities.
Key Highlights
- Duplex property in Saint Paul
- Built in 1954
- Access to shopping, restaurants, parks, and neighborhood amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,627
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,540
$512.5K
Cap Rate 7%
$366,100
$366.1K
Cap Rate 9%
$284,744
$284.7K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$38.9K $22.20/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$36.6K $20.87/SF
− OpEx
−$11.0K −$6.26/SF
NOI
$25.6K $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%
$512,540
Cap Rate 7%
$366,100
Cap Rate 9%
$284,744
Alternative Uses
Best Use
Multifamily LT 5
$366.1K
$320.3K – $427.1K
NOI $25,627 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$336.3K
$294.2K – $392.3K
NOI $23,538 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$418.5K
$366.2K – $488.2K
NOI $29,293 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
405
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The St. Paul property offers access to shopping, dining, parks, and other neighborhood services.
Where is this duplex located?
The property is located at 1498 Reaney Avenue E Saint Paul, MN.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Duplex property in Saint Paul; Built in 1954; Access to shopping, restaurants, parks, and neighborhood amenities
