1724 Malvern St, Lauderdale, MN 55113

Listing Agency: Keller Williams Realty Integrity Lakes f***@kw.com Show Phone

Listed By: Paul A Olson Show Phone

Source: Exprealty

Added: Sep 17 Changed: Nov 4 Last Checked: Nov 8 at 6:51AM

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Investment Insights

Based on property information with market context.

This 1,657-square-foot duplex spans three finished levels and provides two distinct living areas. The configuration includes a larger two-level main-floor residence, an upper-level two-bedroom unit, and a finished basement with a family room. An egress window could support adding a third bedroom to the main unit, subject to applicable requirements.

The property is located at 1724 Malvern St in Lauderdale, Minnesota, with access to I-94 and Hwy 280. St. Anthony Park’s shops and cafes are within walking or biking distance. The layout supports owner occupancy with rental income from the upper-level unit or separate use of both residences.

Key Highlights

• 1,657‑square‑foot duplex with three finished levels
• Up‑and‑down configuration with a larger two‑level main unit
• Upper‑level unit includes two bedrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,210

Cap Rate

8.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$484,200 $484.2K

Cap Rate 7%

$345,857 $345.9K

Cap Rate 9%

$269,000 $269.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,657 SF

Gross rent

$36.8K $22.20/SF

− Vacancy

−$2.2K −$1.33/SF

EGI

$34.6K $20.87/SF

− OpEx

−$10.4K −$6.26/SF

NOI

$24.2K $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%

$484,200

Cap Rate 7%

$345,857

Cap Rate 9%

$269,000

Alternative Uses

Best Use

Multifamily LT 5

$345.9K

$302.6K – $403.5K (±1% cap)

NOI $24,210 @ 7.0% cap · market cap 8.07%

Second Best

Apartment 5plus

$317.7K

$278.0K – $370.6K (±1% cap)

NOI $22,236 @ 7.0% cap · market cap 7.41%

Theoretical Best

Office A

$395.3K

$345.9K – $461.2K (±1% cap)

NOI $27,673 @ 7.0% cap · market cap 9.23%

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

Location Intelligence

Trade Area within ½ mile

603

Businesses Nearby

Explore this area Business Placement

Demographics for 55113, MN

41,699

Population

19,075

Households

2.2

Avg Household Size

40

Median Age

55%

College-Educated

95%

High-School Grad

14.8 sq mi

ZIP Area

2,818

Density / Sq Mi

$86,830

Median Household Income

$49,820

Median Earnings

$1,353

Median Rent

$331,200

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Ramsey County, MN

$155 Jul

$154 Aug

$152 Sep

$152 Oct

Properties on Market for Duplexes in Ramsey County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Up-and-down layout with distinct living areas and a finished basement family room.

Where is this duplex located?

The property is located at 1724 Malvern St Lauderdale, MN.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 1,657‑square‑foot duplex with three finished levels; Up‑and‑down configuration with a larger two‑level main unit; Upper‑level unit includes two bedrooms