Four-Unit Multifamily
1594 English St, Saint Paul, MN 55106
For Sale
$520,000
Three occupied apartments and one vacant unit offer a mix of in-place tenancy and immediate leasing flexibility.
Property Size3,248 SF
Price / SF$160.10
Days on Market12
Property Features for 1594 English St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private paved parking lot
wall-unit air conditioning
Building Details
Year Built
Listing Agency:
Morgan And Trust Realty
Listed By:
Martin P. Morgan · License MN #40282274
(612) 432-5451
Source:
Exprealty
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Morgan And Trust Realty
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Investment Insights
Based on property information with market context.
This 3,248-square-foot fourplex was built in 1978 and contains four apartments, each with two bedrooms and one bathroom. Three units are rented; the remaining apartment is vacant. The building is all-electric, with separate electric forced-air furnaces and water heaters, plus wall-unit air conditioning in each unit. Tenants pay their own utilities. The roof and windows are approximately 10 years old, and paved parking is located behind the building.
The property is steps from Lake Phalen, with the Bruce Vento Regional Trail running directly behind it.
The property is steps from Lake Phalen, with the Bruce Vento Regional Trail running directly behind it.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3 units rented; 1 unit vacant
- 3,248‑square‑foot building constructed in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,456
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,120
$949.1K
Cap Rate 7%
$677,943
$677.9K
Cap Rate 9%
$527,289
$527.3K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$72.1K $22.20/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$67.8K $20.87/SF
− OpEx
−$20.3K −$6.26/SF
NOI
$47.5K $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%
$949,120
Cap Rate 7%
$677,943
Cap Rate 9%
$527,289
Alternative Uses
Best Use
Multifamily LT 5
$677.9K
$593.2K – $790.9K
NOI $47,456 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$622.7K
$544.8K – $726.5K
NOI $43,587 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$774.9K
$678.0K – $904.1K
NOI $54,243 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
134
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 Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three occupied apartments and one vacant unit offer a mix of in-place tenancy and immediate leasing flexibility.
Where is this quadplex located?
The property is located at 1594 English St Saint Paul, MN.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3 units rented; 1 unit vacant; 3,248‑square‑foot building constructed in 1978
