5-Bedroom
1518 Pacific Street, Saint Paul, MN 55106
For Sale
$449,900
Residential Income, Saint Paul, MN
Property Size2,591 SF
Lot Size0.20 Acres
Price / SF$173.64
Days on Market54
Property Features for 1518 Pacific Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
garage
patio
fire pit
shed
Building Details
Year built
Buildings
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Lucas Hansen
(952) 829-2900
Added: Sep 22
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 7148576
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.
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Investment Insights
Based on property information with market context.
This 2,591-square-foot duplex in Saint Paul contains two apartments: an upper unit with three bedrooms and one bathroom, and a lower unit with two bedrooms and one bathroom. Updates completed over the past 8 years include a roof, windows, tankless water heater, A/C units, and a remodeled lower-unit bathroom. The property was built in 1965 and sits on a 0.196-acre lot.
A heated, finished garage has dedicated 200-amp service. Outdoor features include a large patio, a fire pit, and an oversized shed. The property is situated between downtown Saint Paul and the eastern suburbs.
A heated, finished garage has dedicated 200-amp service. Outdoor features include a large patio, a fire pit, and an oversized shed. The property is situated between downtown Saint Paul and the eastern suburbs.
Key Highlights
- Two apartments: upper unit has 3 bedrooms and 1 bathroom; lower unit has 2 bedrooms and 1 bathroom
- 2,591 square feet on a 0.196‑acre lot
- Updates over the past 8 years include roof, windows, tankless water heater, A/C units, and a lower‑unit bathroom remodel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,856
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,120
$757.1K
Cap Rate 7%
$540,800
$540.8K
Cap Rate 9%
$420,622
$420.6K
Market Conditions
NOI Build-Up for 2,591 SF
Gross rent
$57.5K $22.20/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$54.1K $20.87/SF
− OpEx
−$16.2K −$6.26/SF
NOI
$37.9K $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%
$757,120
Cap Rate 7%
$540,800
Cap Rate 9%
$420,622
Alternative Uses
Best Use
Multifamily LT 5
$540.8K
$473.2K – $630.9K
NOI $37,856 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$496.7K
$434.6K – $579.5K
NOI $34,770 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$618.2K
$540.9K – $721.2K
NOI $43,271 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
385
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
$233,000
Median Home Value
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Market
Average Price Trend$/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 - Separate upper and lower apartments offer a three-bedroom and a two-bedroom layout.
Where is this duplex located?
The property is located at 1518 Pacific Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two apartments: upper unit has 3 bedrooms and 1 bathroom; lower unit has 2 bedrooms and 1 bathroom; 2,591 square feet on a 0.196‑acre lot; Updates over the past 8 years include roof, windows, tankless water heater, A/C units, and a lower‑unit bathroom remodel
