Residential
New
For Sale
$314,999
1530 Reaney Avenue, Saint Paul, MN 55106
The two-unit property offers an owner-occupant the option to live in one residence while renting the other.
Property Size3,126 SF
Price / SF$197.86
Days on Market5
Property Features for 1530 Reaney Avenue
General Information
Standard status
Active
Size
3,126 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,498
Amenities
Natural Gas, Forced Air
Block
Building Details
Building Size
3,126 SF
Year Built
1958
Stories
1
Listed By:
Michael Schaeffer
(651) 246-4130
Source:
Evrealestate
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 6:13PM
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 Michael Schaeffer
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Investment Insights
Based on property information with market context.
This 1,592-square-foot duplex was built in 1958 and is located at 1530 Reaney Avenue in Saint Paul. Its two-unit configuration supports owner occupancy alongside rental income, or use as a residential income property.
Local shopping, restaurants, parks, and neighborhood amenities are identified as part of the surrounding Saint Paul area.
Local shopping, restaurants, parks, and neighborhood amenities are identified as part of the surrounding Saint Paul area.
Key Highlights
- 1,592 square feet
- Built in 1958
- Duplex configuration at 1530 Reaney Avenue, Saint Paul
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,260
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,200
$465.2K
Cap Rate 7%
$332,286
$332.3K
Cap Rate 9%
$258,444
$258.4K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$35.3K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.2K $20.87/SF
− OpEx
−$10.0K −$6.26/SF
NOI
$23.3K $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%
$465,200
Cap Rate 7%
$332,286
Cap Rate 9%
$258,444
Alternative Uses
Best Use
Multifamily LT 5
$332.3K
$290.8K – $387.7K
NOI $23,260 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$305.2K
$267.1K – $356.1K
NOI $21,364 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$379.8K
$332.3K – $443.1K
NOI $26,587 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
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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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 - The two-unit property offers an owner-occupant the option to live in one residence while renting the other.
Where is this duplex located?
The property is located at 1530 Reaney Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $314,999.
What are key features of this property?
This property features: 1,592 square feet; Built in 1958; Duplex configuration at 1530 Reaney Avenue, Saint Paul
