Two-Unit Duplex with Three-Car
New
For Sale
$350,000
1603 Sherburne Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size1,920 SF
Lot Size0.12 Acres
Price / SF$182.29
Days on Market2
Property Features for 1603 Sherburne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3, Basement
Parking features
Garage - Detached
Patio and Porch features
Porch
Fencing
Chain Link
Lot features
Public Transit (w/in 6 blks)
High school district
St. Paul
Directions
94 to Snelling North to Sherburne West or Left to HOME
Standard status
Active
APN
332923140058
Size
1,920 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6286
Utilities
Heating system
Hot Water(Heating)
Amenities
fenced yard
Building Details
Year built
1916
Roof type
Shingle
Listing Agency:
Ravenswood Realty
(612) 237-2489
Listed By:
Bryan A Kranz
(952) 925-5577
Added: Oct 17
Last Checked: Oct 18 at 4:06AM
MLS# 7161612
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 1,920-square-foot duplex, built in 1916, has two apartments with two bedrooms apiece. Both units are vacant and feature remodeled kitchens and bathrooms, updated flooring, and fresh paint. Gas and electric service are separately metered for each apartment.
The property occupies 0.1175 acres in Saint Paul and includes a detached three-car garage, a chain-link-fenced yard, and a porch. Roof shingles were replaced in 2023, and the windows are vinyl.
The property occupies 0.1175 acres in Saint Paul and includes a detached three-car garage, a chain-link-fenced yard, and a porch. Roof shingles were replaced in 2023, and the windows are vinyl.
Key Highlights
- Two apartments, each with two bedrooms
- 1,920 square feet on a 0.1175‑acre lot
- Three‑car detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,053
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,060
$561.1K
Cap Rate 7%
$400,757
$400.8K
Cap Rate 9%
$311,700
$311.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$42.6K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$40.1K $20.87/SF
− OpEx
−$12.0K −$6.26/SF
NOI
$28.1K $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%
$561,060
Cap Rate 7%
$400,757
Cap Rate 9%
$311,700
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,053 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,766 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$458.1K
$400.8K – $534.4K
NOI $32,065 @ 7.0% cap · market cap 9.16%
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
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
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
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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 - Both apartments are vacant, with separate gas and electric meters for each unit.
Where is this duplex located?
The property is located at 1603 Sherburne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; 1,920 square feet on a 0.1175‑acre lot; Three‑car detached garage
