Remodeled Fourplex with Coin
1626 Englewood Ave, Saint Paul, MN 55104
For Sale
$525,000
Four updated residential units with modern kitchens, tiled bathrooms, and separate electrical panels support flexible ownership or rental use.
Property Size2,513 SF
Price / SF$208.91
Days on Market53
Property Features for 1626 Englewood Ave
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
coin-operated laundry
Building Details
Year Built
Listing Agency:
RE/MAX Results
Listed By:
Reidell Estey & Associates – Marti Estey
(651) 442-9353
Source:
Bethanynelsongroup
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 3:29PM
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 Results
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Investment Insights
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This fourplex contains four remodeled residential units within a 2,513-square-foot property built in 1900. Unit improvements include contemporary white kitchens with granite countertops and fully tiled ceramic bathrooms. The property also features updated windows, a new boiler, PEX water lines, and separate electric panels for the house and each unit. Coin-operated laundry is located in the basement.
The property is at 1626 Englewood Ave in Saint Paul’s Midway area, just blocks from Hamline University, light rail, and Allianz Stadium. Recent interior and exterior updates provide a substantially renovated configuration with dedicated electrical service for each unit.
The property is at 1626 Englewood Ave in Saint Paul’s Midway area, just blocks from Hamline University, light rail, and Allianz Stadium. Recent interior and exterior updates provide a substantially renovated configuration with dedicated electrical service for each unit.
Key Highlights
- Four fully updated residential units
- 2,513 square feet; built in 1900
- Contemporary white kitchens with granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,717
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,340
$734.3K
Cap Rate 7%
$524,529
$524.5K
Cap Rate 9%
$407,967
$408.0K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$55.8K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$52.5K $20.87/SF
− OpEx
−$15.7K −$6.26/SF
NOI
$36.7K $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%
$734,340
Cap Rate 7%
$524,529
Cap Rate 9%
$407,967
Alternative Uses
Best Use
Multifamily LT 5
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$599.5K
$524.6K – $699.5K
NOI $41,968 @ 7.0% cap · market cap 7.99%
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
1,643
Businesses Nearby
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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
$290,900
Median Home Value
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Market
Average Price Trend$/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 - Four updated residential units with modern kitchens, tiled bathrooms, and separate electrical panels support flexible ownership or rental use.
Where is this quadplex located?
The property is located at 1626 Englewood Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four fully updated residential units; 2,513 square feet; built in 1900; Contemporary white kitchens with granite countertops
