Well-Upgraded Duplex for
1512 Albemarle Street Saint Paul, MN 55117
1512 Albemarle Street, Saint Paul, MN, 55117
$399,900
For Sale
$399,900
MULTI_FAMILY - Saint Paul, MN
Property Size2,634 SF
Lot Size0.14 Acres
Price / SF$151.82
Days on Market60
Property Features for 1512 Albemarle Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 242923140134
- Size
- 2,634 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8684
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2004
- Building materials
- Block
Listing Agency
RE/MAX Results
(651) 698-8006
2100 Ford Pkwy Suite 201, Eden Prairie, MN
Listed by
Angella Meyer
(952) 829-2900
Added: May 20 Checked: Jul 18 at 3:06 am
MLS# 7103726
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex is positioned as a two-unit residential income property, offering 2,634 square feet of living space on a 0.142-acre lot. Both units have been updated with new appliances, fresh paint, new light fixtures, and new flooring. The property’s care shows throughout, including curb appeal that reflects the attention given to the exterior.
Located in Saint Paul, the duplex sits on a quiet, tree-lined street. According to the remarks, it is minutes from parks, schools, restaurants, and other everyday conveniences in the area.
The layout and unit-by-unit upgrades make this duplex a practical fit for an owner-occupant looking for house-hacking flexibility or for an investor seeking a straightforward two-unit setup. With recent interior improvements already in place, the property may reduce immediate turnover needs and support a smoother path to stabilizing day-to-day operations.
Located in Saint Paul, the duplex sits on a quiet, tree-lined street. According to the remarks, it is minutes from parks, schools, restaurants, and other everyday conveniences in the area.
The layout and unit-by-unit upgrades make this duplex a practical fit for an owner-occupant looking for house-hacking flexibility or for an investor seeking a straightforward two-unit setup. With recent interior improvements already in place, the property may reduce immediate turnover needs and support a smoother path to stabilizing day-to-day operations.
Key Highlights
- Duplex built in 2004 with block construction and vinyl exterior.
- Forced‑air heating.
- Multiple bedrooms and bathrooms across the property (Bedrooms 1‑6 and Bathrooms 1‑4 listed).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.6k | $26.04 |
| − Vacancy | −$4.3k | −$1.64 |
| EGI | $64.3k | $24.40 |
| − OpEx | −$28.9k | −$10.98 |
| NOI | $35.3k | $13.42 |
2,634 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
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
Healthcare Medical
$648.2K
$567.2K – $756.2K
NOI $45,373 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with updated interiors and appliances, offering two distinct units on a small St. Paul lot.
Where is this duplex located?
The property is located at 1512 Albemarle Street 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 built in 2004 with block construction and vinyl exterior.; Forced‑air heating.; Multiple bedrooms and bathrooms across the property (Bedrooms 1‑6 and Bathrooms 1‑4 listed).
