Side-by-Side
For Sale
$555,000
1607 Van Buren Ave, Saint Paul, MN 55104
Two multi-level units offer private entrances, spacious layouts, and outdoor space.
Property Size3,392 SF
Lot Size0.14 Acres
Price / SF$163.62
Days on Market76
Property Features for 1607 Van Buren Ave
General Information
Standard status
Active
Size
3,392 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
off-street parking
private entrances
private outdoor space
Building Details
Year Built
1909
Listing Agency:
eXp Realty
Listed By:
Gregory Mark Ebacher
(612) 751-9303
Source:
Homesminn
Added: Aug 2
Changed: Oct 13
Last Checked: Oct 16 at 2:39PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1909, this side-by-side duplex includes two residential units with multiple finished levels, private entrances, spacious living areas, 8 bedrooms, and 4 bathrooms. Recent improvements include new appliances and other updates. One unit is scheduled to become vacant at the end of the month, while the property includes off-street parking and private outdoor space on a 6,100-square-foot lot.
The property is located in Saint Paul’s Hamline-Midway neighborhood near Allianz Field, Green Line light rail, major universities, shopping, and restaurants. Downtown Minneapolis and downtown Saint Paul are also nearby, providing access to major employment, education, entertainment, and transportation destinations.
The property is located in Saint Paul’s Hamline-Midway neighborhood near Allianz Field, Green Line light rail, major universities, shopping, and restaurants. Downtown Minneapolis and downtown Saint Paul are also nearby, providing access to major employment, education, entertainment, and transportation destinations.
Key Highlights
- Side‑by‑side duplex with 8 bedrooms and 4 bathrooms
- Multiple finished levels and private entrances for both units
- One unit scheduled to become vacant at the end of the month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,560
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,200
$991.2K
Cap Rate 7%
$708,000
$708.0K
Cap Rate 9%
$550,667
$550.7K
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$75.3K $22.20/SF
− Vacancy
−$4.5K −$1.33/SF
EGI
$70.8K $20.87/SF
− OpEx
−$21.2K −$6.26/SF
NOI
$49.6K $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%
$991,200
Cap Rate 7%
$708,000
Cap Rate 9%
$550,667
Alternative Uses
Best Use
Multifamily LT 5
$708.0K
$619.5K – $826.0K
NOI $49,560 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$650.3K
$569.0K – $758.7K
NOI $45,520 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$809.3K
$708.1K – $944.1K
NOI $56,648 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,863
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 - Two multi-level units offer private entrances, spacious layouts, and outdoor space.
Where is this duplex located?
The property is located at 1607 Van Buren Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 8 bedrooms and 4 bathrooms; Multiple finished levels and private entrances for both units; One unit scheduled to become vacant at the end of the month
