Renovated Quadplex with
For Sale
$1,149,000
1630 Hague Avenue, Saint Paul, MN 55104
MULTI_FAMILY - Saint Paul, MN
Property Size4,628 SF
Lot Size0.11 Acres
Price / SF$248.27
Days on Market162
Property Features for 1630 Hague Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Basement, Bedroom 8, Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3
Parking features
On Street, Assigned
Exterior features
Brick/Stone, Stucco
Subdivision
Schroeders Add To, The Circle
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
St. Paul
Directions
From I-94, take the Snelling Avenue exit, proceed south, turn west onto Marshall Avenue, and turn right onto Hague Avenue to reach the property.
Standard status
Active
APN
042823110120
Size
4,628 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
16393
Utilities
Heating system
Oil, Hot Water(Heating), Radiant
Building Details
Year built
1922
Building materials
Brick, Stone
Roof type
Flat
Listing Agency:
Keller Williams Preferred Rlty · Keller Williams Realty
(952) 746-9696
Listed By:
The Huerkamp Home Group
(952) 746-9696
Added: Mar 5
Changed: Aug 13
Last Checked: Aug 14 at 3:06PM
MLS# 7013399
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.
Investment Insights
Based on property information with market context.
Built in 1922, this 4-unit property contains 4,628 square feet and combines brick and stucco construction with a flat roof. Each residence has been renovated with granite countertops, gas cooktops, stainless steel appliances, remodeled bathrooms, and newer windows. Original built-in buffets and woodwork retain the building’s period character. A high-efficiency boiler, updated laundry equipment, assigned parking, and additional on-street parking support day-to-day operations.
Unit 2 is vacant, while the other three units are occupied, creating flexibility for an owner-occupant or continued rental use. The dry, unfinished basement provides storage space. The property sits at 1630 Hague Avenue in Saint Paul’s Merriam Park/Union Park area, near the University of St. Thomas, transit lines, and the Grand Avenue corridor.
Unit 2 is vacant, while the other three units are occupied, creating flexibility for an owner-occupant or continued rental use. The dry, unfinished basement provides storage space. The property sits at 1630 Hague Avenue in Saint Paul’s Merriam Park/Union Park area, near the University of St. Thomas, transit lines, and the Grand Avenue corridor.
Key Highlights
- 4‑unit property with 4,628 square feet
- Unit 2 is vacant; the other 3 units are occupied
- Renovated kitchens, bathrooms, windows, and laundry equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,360
$1.4M
Cap Rate 7%
$965,971
$966.0K
Cap Rate 9%
$751,311
$751.3K
Market Conditions
NOI Build-Up for 4,628 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.7K $22.20/SF
− Vacancy
−$6.1K −$1.33/SF
EGI
$96.6K $20.87/SF
− OpEx
−$29.0K −$6.26/SF
NOI
$67.6K $14.61/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,360
Cap Rate 7%
$965,971
Cap Rate 9%
$751,311
Alternative Uses
Best Use
Multifamily LT 5
$966.0K
$845.2K – $1.13M
NOI $67,618 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$887.2K
$776.3K – $1.04M
NOI $62,106 @ 7.0% cap · market cap 5.41%
Theoretical Best
Healthcare Medical
$1.14M
$996.5K – $1.33M
NOI $79,722 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,726
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated units combine historic architectural details with updated kitchens, bathrooms, windows, and laundry equipment.
Where is this quadplex located?
The property is located at 1630 Hague Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 4‑unit property with 4,628 square feet; Unit 2 is vacant; the other 3 units are occupied; Renovated kitchens, bathrooms, windows, and laundry equipment
