Updated
For Sale
$399,900
1512 Albemarle St, Saint Paul, MN 55117
Two residential units include refreshed appliances, flooring, lighting, and paint.
Property Size2,634 SF
Price / SF$151.82
Days on Market61
Property Features for 1512 Albemarle St
General Information
Standard status
Active
Size
2,634 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2004
Listing Agency:
RE/MAX Results
Listed By:
Angella Meyer
(612) 644-5400
Source:
Searchhousesnow
Added: Aug 17
Changed: Sep 20
Last Checked: Oct 7 at 3:16PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 2004-built duplex contains 2,634 square feet across two residential units. Recent improvements include new appliances, updated flooring, fresh paint, and replacement light fixtures, providing a refreshed interior presentation for both units. Exterior curb appeal has also been maintained.
The property is located at 1512 Albemarle St in Saint Paul, Minnesota. Parks, schools, and restaurants are described as minutes away, placing everyday amenities within convenient reach.
The property is located at 1512 Albemarle St in Saint Paul, Minnesota. Parks, schools, and restaurants are described as minutes away, placing everyday amenities within convenient reach.
Key Highlights
- Duplex with 2,634 square feet
- Built in 2004
- Two residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,348
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,960
$707.0K
Cap Rate 7%
$504,971
$505.0K
Cap Rate 9%
$392,756
$392.8K
Market Conditions
NOI Build-Up for 2,634 SF
Gross rent
$68.6K $26.04/SF
− Vacancy
−$4.3K −$1.64/SF
EGI
$64.3K $24.40/SF
− OpEx
−$28.9K −$10.98/SF
NOI
$35.3K $13.42/SF
Area
Ramsey 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 Rate 5%
$706,960
Cap Rate 7%
$504,971
Cap Rate 9%
$392,756
Alternative Uses
Best Use
Multifamily LT 5
$549.8K
$481.1K – $641.4K
NOI $38,485 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$505.0K
$441.9K – $589.1K
NOI $35,348 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$628.4K
$549.9K – $733.2K
NOI $43,989 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
473
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
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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 - Two residential units include refreshed appliances, flooring, lighting, and paint.
Where is this duplex located?
The property is located at 1512 Albemarle St Saint Paul, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with 2,634 square feet; Built in 2004; Two residential units
