Duplex with Two-Car
For Sale
$400,000
1680 Burns Ave, Saint Paul, MN 55106
Two-bedroom, one-bath units include updated kitchens and baths, separate parking, and shared basement laundry.
Property Size2,663 SF
Price / SF$150.21
Days on Market70
Property Features for 1680 Burns Ave
General Information
Standard status
Active
Size
2,663 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,650
Amenities
coin operated laundry
fenced-in backyard with firepit
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty - Southwest Regional
(612) 910-0489
Listed By:
Dwight W Cravens
(612) 910-0489
Source:
Exprealty
Added: Jun 11
Changed: Aug 15
Last Checked: Aug 19 at 1:16PM
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 Coldwell Banker Realty - Southwest Regional
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom, one-bath units, offering a flexible combination of owner occupancy and rental use. One unit is vacant, while the other is leased month to month. Ongoing maintenance and improvements include modernized kitchens and bathrooms, updated electrical service, fresh paint, and stainless appliances in the lower unit. Interior finishes include hardwood flooring in the living, dining, and hallway areas, with carpeted bedrooms and ceramic tile in the kitchens, bathrooms, and basement. Hot-water heat serves the property.
The large common basement includes a coin-operated washing machine. Each unit has one stall in the attached two-car garage, with additional driveway parking available. The property also includes a fenced backyard with a firepit and provides access to Hwy 94 via White Bear Ave, near stores and restaurants.
The large common basement includes a coin-operated washing machine. Each unit has one stall in the attached two-car garage, with additional driveway parking available. The property also includes a fenced backyard with a firepit and provides access to Hwy 94 via White Bear Ave, near stores and restaurants.
Key Highlights
- Two‑bedroom, one‑bath layout in each unit
- One vacant unit and one month‑to‑month tenant
- Updated kitchens and baths, electrical service, paint, and stainless appliances in lower unit
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
$35,737
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
8.93%
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%
$714,740
$714.7K
Cap Rate 7%
$510,529
$510.5K
Cap Rate 9%
$397,078
$397.1K
Market Conditions
NOI Build-Up for 2,663 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
$69.3K $26.04/SF
− Vacancy
−$4.4K −$1.64/SF
EGI
$65.0K $24.40/SF
− OpEx
−$29.2K −$10.98/SF
NOI
$35.7K $13.42/SF
Area
Dakota County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$714,740
Cap Rate 7%
$510,529
Cap Rate 9%
$397,078
Alternative Uses
Best Use
Multifamily LT 5
$555.8K
$486.4K – $648.5K
NOI $38,908 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$510.5K
$446.7K – $595.6K
NOI $35,737 @ 7.0% cap · market cap 8.93%
Theoretical Best
Healthcare Medical
$655.3K
$573.4K – $764.6K
NOI $45,873 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath units include updated kitchens and baths, separate parking, and shared basement laundry.
Where is this duplex located?
The property is located at 1680 Burns Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath layout in each unit; One vacant unit and one month‑to‑month tenant; Updated kitchens and baths, electrical service, paint, and stainless appliances in lower unit
