Four-Unit Residential
For Sale
$749,900
1681 Dayton Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size2,920 SF
Lot Size0.13 Acres
Price / SF$256.82
Days on Market96
Property Features for 1681 Dayton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Basement, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
Garage - Detached, Open
Subdivision
Oakland Park Addition, To The C
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
St. Paul
Directions
94 to Snelling Ave N, S to Dayton Ave, W to property
Standard status
Active
APN
042823110146
Size
2,920 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12107
Utilities
Heating system
Forced Air
Amenities
shared laundry facilities
basement storage
Building Details
Year built
1958
Building materials
Block, Frame
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 552-3600
Listed By:
Christopher J Ames · License #710057
(952) 829-2900
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 13 at 2:06AM
MLS# 7107652
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.
This 1958 residential building contains four apartments across 2,920 square feet on a 0.127-acre parcel. Interior features include hardwood flooring, natural light, and period architectural details. Shared laundry and basement storage serve the units, while separate gas and electric meters and updated mechanical systems are among the property's building features. A detached three-car garage and open parking provide on-site parking options.
The property is on Dayton Avenue in Saint Paul's Merriam Park neighborhood. The University of St. Thomas and Macalester College are among the nearby institutions; the Mississippi River, parks, restaurants, shopping, and public transit are also identified in the surrounding area. The location provides access to both downtowns.
The property is on Dayton Avenue in Saint Paul's Merriam Park neighborhood. The University of St. Thomas and Macalester College are among the nearby institutions; the Mississippi River, parks, restaurants, shopping, and public transit are also identified in the surrounding area. The location provides access to both downtowns.
Key Highlights
- Four apartments in 2,920 square feet
- 0.127‑acre parcel; built in 1958
- Detached three‑car garage and open parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,663
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,260
$853.3K
Cap Rate 7%
$609,471
$609.5K
Cap Rate 9%
$474,033
$474.0K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$64.8K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$60.9K $20.87/SF
− OpEx
−$18.3K −$6.26/SF
NOI
$42.7K $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%
$853,260
Cap Rate 7%
$609,471
Cap Rate 9%
$474,033
Alternative Uses
Best Use
Multifamily LT 5
$609.5K
$533.3K – $711.1K
NOI $42,663 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$559.8K
$489.8K – $653.1K
NOI $39,186 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$696.7K
$609.6K – $812.8K
NOI $48,766 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,522
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas and electric meters, shared laundry, and a detached garage support the property's practical operating setup.
Where is this quadplex located?
The property is located at 1681 Dayton Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four apartments in 2,920 square feet; 0.127‑acre parcel; built in 1958; Detached three‑car garage and open parking
