Duplex with Finished
For Sale
$315,000
1724 Malvern Street, Lauderdale, MN 55113
Residential Income, Lauderdale, MN
Property Size1,657 SF
Lot Size0.12 Acres
Price / SF$190.10
Days on Market16
Property Features for 1724 Malvern Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 1
Parking features
Garage - Detached
Patio and Porch features
Patio
Subdivision
Manuels Add
Lot features
Public Transit (w/in 6 blks)
High school district
Roseville
Directions
Hwy 280 to Larpenteur exit, E to Malvern, N to home on E side
Standard status
Active
APN
172923330067
Size
1,657 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6142
Utilities
Heating system
Forced Air
Building Details
Year built
1926
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Paul A Olson
(651) 403-1032
Added: Sep 13
Changed: Sep 25
Last Checked: Sep 28 at 3:06AM
MLS# 7143583
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 1,657-square-foot duplex was built in 1926 and spans three finished levels. Its layout pairs a two-bedroom upper residence with a larger main-floor unit. The basement includes a family room, and an egress window could support adding another bedroom. Exterior features include a patio and detached garage; heating is forced air.
The 0.118-acre property is in Lauderdale, with access to I-94 and Hwy 280. St. Anthony Park shops and cafes are within walking or biking distance.
The 0.118-acre property is in Lauderdale, with access to I-94 and Hwy 280. St. Anthony Park shops and cafes are within walking or biking distance.
Key Highlights
- Up/down duplex with a two‑bedroom upper unit and a larger main‑floor residence
- 1,657 square feet across three finished levels
- Basement family room; an egress window could allow a third bedroom
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upper- and main-floor residences provide options for owner occupancy and rental income.
Where is this duplex located?
The property is located at 1724 Malvern Street 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: Up/down duplex with a two‑bedroom upper unit and a larger main‑floor residence; 1,657 square feet across three finished levels; Basement family room; an egress window could allow a third bedroom
