Building Details

Year Built 1901

Buildings 1

Listing Agency: RE/MAX Results

Listed By: Reidell Estey & Associates – Marti Estey, Reidell Estey & Associates – Roxann Wiebusch Show Phone

Source: Bradadamrealty

Added: Aug 23 Changed: Sep 15 Last Checked: Oct 7 at 3:42PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,727-square-foot duplex is arranged with one residence on each level and was built in 1901. The main-floor unit includes one bedroom, a sunroom, and basement laundry access, while the upper residence offers two bedrooms and laundry within the kitchen. Both units have sunrooms with French doors, hardwood flooring, crown molding, and extensive windows. Updated boilers, electrical systems, windows, and water heaters add to the property’s physical improvements.

The property is located at 1673 Van Buren Ave in Saint Paul, near restaurants, shopping, Hamline, and Allianz Field. Rear off-street parking is provided by a parking pad. Utilities are separated, with tenants responsible for them.

Key Highlights

• 1,727‑square‑foot up‑and‑down duplex built in 1901
• Main‑level unit has 1 bedroom, sunroom, and basement laundry access
• Upper‑level unit features 2 bedrooms and in‑unit kitchen laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,233

Cap Rate

7.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,660 $504.7K

Cap Rate 7%

$360,471 $360.5K

Cap Rate 9%

$280,367 $280.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,727 SF

Gross rent

$38.3K $22.20/SF

− Vacancy

−$2.3K −$1.33/SF

EGI

$36.0K $20.87/SF

− OpEx

−$10.8K −$6.26/SF

NOI

$25.2K $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%

$504,660

Cap Rate 7%

$360,471

Cap Rate 9%

$280,367

Alternative Uses

Best Use

Multifamily LT 5

$360.5K

$315.4K – $420.6K (±1% cap)

NOI $25,233 @ 7.0% cap · market cap 7.76%

Second Best

Apartment 5plus

$331.1K

$289.7K – $386.3K (±1% cap)

NOI $23,176 @ 7.0% cap · market cap 7.13%

Theoretical Best

Office A

$412.0K

$360.5K – $480.7K (±1% cap)

NOI $28,842 @ 7.0% cap · market cap 8.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Bakery Locksmith Veterinary Clinic Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,002

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

Renovated Duplex with Separate Utilities

1177 Forest St, Saint Paul, MN 55106

$289,900

1,744 SF

View details

Duplex with Storage Basement

1210 Sherburne Ave, Saint Paul, MN 55104

$320,000

1,622 SF

View details

Duplex with Detached Garage

380 Larpenteur Avenue E, Saint Paul, MN 55117

$300,000

1,664 SF

View details

Updated Duplex with Solar Array

840 Randolph Ave, Saint Paul, MN 55102

$365,000

1,688 SF

View details

Charming Duplex in West St. Paul

560 Stryker Avenue, Saint Paul, MN 55107

$299,000

1,800 SF

View details

Duplex with Private Balcony

1481 Edgerton Street, Saint Paul, MN 55130

$324,900

1,579 SF

View details

Updated Two-Unit Duplex

263 Lafond Avenue, Saint Paul, MN 55103

$315,000

1,863 SF

View details

Updated Duplex with Three-Car Garage

1303 Sherburne Ave, Saint Paul, MN 55104

$335,000

1,596 SF

View details

Two-Unit Duplex with Updated Kitchens

362 Maria Avenue, Saint Paul, MN 55106

$320,000

1,904 SF

View details

Remodeled Up-and-Down Duplex

1119 Reaney Ave, Saint Paul, MN 55106

$249,900

1,704 SF

View details

Up-and-Down Duplex

1561 Arkwright Street, Saint Paul, MN 55130

$370,000

1,874 SF

View details

Two-Unit Duplex

998 Jameson Street, Saint Paul, MN 55103

$334,000

1,489 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Separate utilities and unit-specific laundry support practical duplex operations.

Where is this duplex located?

The property is located at 1673 Van Buren Ave Saint Paul, MN.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 1,727‑square‑foot up‑and‑down duplex built in 1901; Main‑level unit has 1 bedroom, sunroom, and basement laundry access; Upper‑level unit features 2 bedrooms and in‑unit kitchen laundry