Fourplex with Detached
For Sale
$475,000
1591 Sloan St, Saint Paul, MN 55130
Four two-bedroom apartments are rented, with separate gas and electric utilities serving the units.
Property Size3,200 SF
Price / SF$148.44
Days on Market8
Property Features for 1591 Sloan St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
could you use some updating
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,880
Building Details
Year Built
1978
Listing Agency:
RE/MAX Advantage Plus
(952) 226-7700
Listed By:
Phong Cao
(952) 994-6988
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:12AM
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 RE/MAX Advantage Plus
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Investment Insights
Based on property information with market context.
This fourplex contains four apartments, each configured with two bedrooms and one bathroom. The building dates to 1978 and has separate gas and electric utilities. A newer furnace and air conditioning system serve the property, while a detached garage accommodates six cars. Additional off-street parking is available. The units could use updating.
The property is near I-35E and a bus line.
The property is near I-35E and a bus line.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments; all are currently rented
- 3,200 square feet of property size
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,943
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,860
$858.9K
Cap Rate 7%
$613,471
$613.5K
Cap Rate 9%
$477,144
$477.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$83.3K $26.04/SF
− Vacancy
−$5.2K −$1.64/SF
EGI
$78.1K $24.40/SF
− OpEx
−$35.1K −$10.98/SF
NOI
$42.9K $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%
$858,860
Cap Rate 7%
$613,471
Cap Rate 9%
$477,144
Alternative Uses
Best Use
Multifamily LT 5
$667.9K
$584.4K – $779.2K
NOI $46,754 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$613.5K
$536.8K – $715.7K
NOI $42,943 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$763.5K
$668.0K – $890.7K
NOI $53,442 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
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?
Quadplex - Four two-bedroom apartments are rented, with separate gas and electric utilities serving the units.
Where is this quadplex located?
The property is located at 1591 Sloan St Saint Paul, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments; all are currently rented; 3,200 square feet of property size; Built in 1978
