Four-Unit Residential Property with
For Sale
$475,000
1591 Sloan Street, Saint Paul, MN 55130
Residential Income, Saint Paul, MN
Property Size3,200 SF
Lot Size0.23 Acres
Price / SF$148.44
Days on Market8
Property Features for 1591 Sloan Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 3, Basement
Parking features
Garage - Detached
High school district
St. Paul
Directions
Westminister to Hoyt, W. To Sloan St. N. to home
Standard status
Active
APN
192922110038
Size
3,200 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10880
Utilities
Heating system
Forced Air
Building Details
Year built
1978
Building materials
Block
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Phong Cao
(952) 994-6988
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 16 at 8:06AM
MLS# 7157772
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 3,200-square-foot residential property contains four apartments, each configured with two bedrooms and one bathroom. All four units are currently rented. The building dates to 1978 and has block construction with forced-air heating. Some updating is needed in the units.
The 0.23-acre parcel includes a detached six-car garage and additional off-street parking. The property is near I-35E and served by a bus line.
The 0.23-acre parcel includes a detached six-car garage and additional off-street parking. The property is near I-35E and served by a bus line.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- All four units currently rented
- 3,200 square feet on a 0.23‑acre parcel
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
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 - Each of the four apartments has two bedrooms and one bathroom, and all are currently rented.
Where is this quadplex located?
The property is located at 1591 Sloan Street 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 apartments, each with two bedrooms and one bathroom; All four units currently rented; 3,200 square feet on a 0.23‑acre parcel
