1515 Blair Ave, Saint Paul, MN 55104
MULTI_FAMILY - Saint Paul, MN
- Added:
- Mar 30, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 30 at 4:06 am
Property Features for 1515 Blair Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 6
- Parking features
- Garage - Detached
- Exterior features
- Vinyl, Wood
- Fencing
- Chain Link, Privacy
- Standard status
- Active
- APN
- 342923220117
- Size
- 2,272 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8380
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1890
- Roof type
- Shingle, Flat, Rubber
Listing agent Corey Brenner (612) 751-9303
Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN (320) 500-4397
Listing date Mar 30, 2026
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.
HighLights
- Side‑by‑side duplex built in 1890 with each unit offering 3 bedrooms and 1 full bathroom
- Both units are currently occupied by stable renters
- Recent updates include new flooring, new countertops, and fresh paint throughout
- Roof installed in 2022; gutters and windows replaced in 2023
- Detached garage plus fenced yard with privacy and chain‑link fencing
- Sauna in the spacious backyard
Overview
Located at 1515 Blair Ave in Saint Paul, Minnesota (Ramsey County), the property sits on a 0.118-acre lot and totals 2,272 square feet. Both units are currently occupied.
For tenants, the three-bedroom, one-bath configuration provides functional living space within a duplex setting. For buyers, the combination of completed interior updates and recent major exterior replacements can reduce near-term maintenance concerns. With both units occupied, the property is positioned for an ownership plan that can align with immediate rental operations.
Local Financial Insights For Multifamily LT 5
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 | $50.4k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $47.4k | $20.87 |
| − OpEx | −$14.2k | −$6.26 |
| NOI | $33.2k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.164534
- Latitude
- 44.961333
