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Triplex with Garage Studio
New
For Sale
$435,000

1522 Hague Avenue, Saint Paul, MN 55104

Residential Income, Saint Paul, MN

Property Size2,750 SF
Lot Size0.14 Acres
Price / SF$158.18
Days on Market4

Property Features for 1522 Hague Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description Residential-Multi-Family
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Laundry Room, Bathroom 3, Bathroom 2
Parking features Garage - Detached, Driveway
Patio and Porch features Porch
Subdivision Lemkes Add
Lot features Corner Lot
High school district St. Paul
Directions Snelling to Hague - East 1 block.
Standard status Active
APN 032823220135
Size 2,750 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 9370

Utilities

Heating system Forced Air

Building Details

Year built 1940
Roof type Shingle
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Reidell Estey & Associates - Marti Estey
Added: Oct 6 Changed: Oct 8 Last Checked: Oct 9 at 7:06PM
MLS# 7154122

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 1940 triplex in Saint Paul contains 2,750 square feet on a 0.137-acre lot. The main-floor apartment has two bedrooms, a full bath, living and dining rooms, and a kitchen with a breakfast nook. The upper apartment offers one bedroom, a den, a full bath, and separate living, dining, and kitchen areas. A studio above the detached two-car garage adds a third residence, with a kitchen island, granite counters, and a three-quarter bath. The property also includes a driveway and porch.

Updates include a furnace and AC installed in 2025, an electrical upgrade in 2020, and work to the roof, sidewalks, garage floor, window wells, and basement drain tile in 2019. Hardie siding dates to 2018, and Leaf Guard gutters were installed in 2014. Whole Foods and the Minnesota United stadium are identified nearby; universities, dining, shops, parks, and major roadways are also noted in the surrounding area.

Key Highlights

  • Three residences: two‑bedroom main‑floor unit, one‑bedroom upper unit with den, and garage studio
  • 2,750 square feet on a 0.137‑acre lot; built in 1940
  • Detached two‑car garage with studio apartment above

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$36,904
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,080 $738.1K
Cap Rate 7%
$527,200 $527.2K
Cap Rate 9%
$410,044 $410.0K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$71.6K $26.04/SF
− Vacancy
−$4.5K −$1.64/SF
EGI
$67.1K $24.40/SF
− OpEx
−$30.2K −$10.98/SF
NOI
$36.9K $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%
$738,080
Cap Rate 7%
$527,200
Cap Rate 9%
$410,044

Alternative Uses

Best Use
Multifamily LT 5
$574.0K
$502.2K – $669.7K (±1% cap)
NOI $40,179 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.1K (±1% cap)
NOI $36,904 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$656.1K
$574.1K – $765.4K (±1% cap)
NOI $45,926 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Plumbing Service Electrical Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,647
Businesses Nearby

Demographics for 55104, MN

45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate residences include two larger apartments and a studio above the detached garage.
Where is this triplex located?
The property is located at 1522 Hague Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Three residences: two‑bedroom main‑floor unit, one‑bedroom upper unit with den, and garage studio; 2,750 square feet on a 0.137‑acre lot; built in 1940; Detached two‑car garage with studio apartment above
More about this property
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