Updated Multifamily
For Sale
$239,900
169 Sherburne Ave, Saint Paul, MN 55103
Two-bedroom units offer refreshed interiors, private outdoor space, and in-unit laundry for convenient residential living.
Property Size1,538 SF
Price / SF$155.98
Days on Market155
Property Features for 169 Sherburne Ave
General Information
Standard status
Active
Size
1,538 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,560
Amenities
private back deck
front porch
in-unit washer & dryer
Listing Agency:
Housing Hub LLC
(651) 488-2437
Listed By:
Andrew Knutson
(202) 615-8100
Source:
Exprealty
Added: May 6
Changed: Oct 5
Last Checked: Oct 7 at 5:23PM
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 Housing Hub LLC
Investment Insights
Based on property information with market context.
This multifamily property at 169 Sherburne Ave includes 2-bedroom, 1-bath units with 1,538 square feet of property size. Unit 2 has been refreshed with new paint, carpet, flooring, kitchen appliances, and a remodeled bathroom. Its layout includes a generously sized kitchen, a large pantry, an oversized primary bedroom, and abundant natural light from large windows. Each unit includes an in-unit washer and dryer, along with a private back deck and front porch. The owner pays water and sewer, while tenants pay electric and gas; trash is charged at a $45 monthly fee.
Key Highlights
- 2‑bedroom, 1‑bath multifamily units
- Unit 2 updated with new paint, carpet, flooring, appliances, and remodeled bathroom
- 1,538 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,640
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,800
$412.8K
Cap Rate 7%
$294,857
$294.9K
Cap Rate 9%
$229,333
$229.3K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$40.0K $26.04/SF
− Vacancy
−$2.5K −$1.64/SF
EGI
$37.5K $24.40/SF
− OpEx
−$16.9K −$10.98/SF
NOI
$20.6K $13.42/SF
Area
Ramsey 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 Rate 5%
$412,800
Cap Rate 7%
$294,857
Cap Rate 9%
$229,333
Alternative Uses
Best Use
Apartment 5plus
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.9K
$321.1K – $428.1K
NOI $25,685 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Multifamily property - Two-bedroom units offer refreshed interiors, private outdoor space, and in-unit laundry for convenient residential living.
Where is this multifamily property located?
The property is located at 169 Sherburne Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath multifamily units; Unit 2 updated with new paint, carpet, flooring, appliances, and remodeled bathroom; 1,538 square feet of property size
