Renovated 4-Unit
1626 Englewood Avenue, Saint Paul, MN 55104
For Sale
$525,000
Residential Income, Saint Paul, MN
Property Size2,513 SF
Lot Size0.17 Acres
Price / SF$208.91
Days on Market55
Property Features for 1626 Englewood Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
coin-operated laundry
Building Details
Year built
Roof type
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 251-4800
Listed By:
Reidell Estey & Associates - Marti Estey
(952) 829-2900
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 9 at 7:06AM
MLS# 7133336
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 2,513-square-foot quadplex contains four updated units, with contemporary white kitchens, granite countertops, and ceramic-tile bathrooms. Improvements include updated windows, a new boiler, PEX water lines, and separate electrical panels for the house and each unit. A coin-operated laundry room is located in the basement, and the property occupies a 0.166-acre lot. The building dates to 1900.
Hamline University, light rail, and Allianz Stadium are each described as just blocks away. The property is located in Saint Paul’s Midway area.
Hamline University, light rail, and Allianz Stadium are each described as just blocks away. The property is located in Saint Paul’s Midway area.
Key Highlights
- Four updated residential units
- Contemporary white kitchens with granite countertops
- Ceramic‑tile bathrooms and updated windows
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 residences include contemporary kitchens, tiled bathrooms, and coin-operated basement laundry.
Where is this quadplex located?
The property is located at 1626 Englewood Avenue 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 updated residential units; Contemporary white kitchens with granite countertops; Ceramic‑tile bathrooms and updated windows
