Three-Level Duplex with Finished
For Sale
$315,000
1724 Malvern St, Lauderdale, MN 55113
Up-and-down layout with distinct living areas and a finished basement family room.
Property Size1,657 SF
Price / SF$190.10
Days on Market8
Property Features for 1724 Malvern St
General Information
Standard status
Active
Size
1,657 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,142
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Paul A Olson
(651) 403-1032
Source:
Exprealty
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 23 at 2:24AM
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 Keller Williams Realty Integrity Lakes
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.
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 = 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
$24,210
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
7.69%
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%
$484,200
$484.2K
Cap Rate 7%
$345,857
$345.9K
Cap Rate 9%
$269,000
$269.0K
Market Conditions
NOI Build-Up for 1,657 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
$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 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%
$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
NOI $24,210 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$317.7K
$278.0K – $370.6K
NOI $22,236 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$395.3K
$345.9K – $461.2K
NOI $27,673 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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 $315,000.
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
