Side-by-Side Duplex with
For Sale
$649,000
1745 Duluth St, Maplewood, MN 55109
Two connected residences offer separate layouts, basement utility, patios, and recent major system updates.
Property Size3,732 SF
Price / SF$173.90
Days on Market20
Property Features for 1745 Duluth St
General Information
Standard status
Active
Size
3,732 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1972
Listing Agency:
National Realty Guild
(651) 494-4000
Listed By:
Hope E. Goddard
Source:
Vibemn
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 29 at 12:01PM
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 National Realty Guild
Investment Insights
Based on property information with market context.
This 1972 side-by-side duplex at 1745 Duluth St in Maplewood contains 3,732 square feet across two residential units. Both residences feature walk-out access and a backyard patio. One unit includes three bedrooms, two bathrooms, and a basement egress window with a three-quarter bathroom; the other provides three bedrooms, one and one-half bathrooms, and an open basement without an egress window.
Recent improvements include a roof installed in 2021, a furnace and air conditioner added in 2023, and new LVP flooring planned for both kitchens in March 2026. Carpet in the second unit is two years old. The property is located in Maplewood, MN 55109.
Recent improvements include a roof installed in 2021, a furnace and air conditioner added in 2023, and new LVP flooring planned for both kitchens in March 2026. Carpet in the second unit is two years old. The property is located in Maplewood, MN 55109.
Key Highlights
- 3,732‑square‑foot side‑by‑side duplex built in 1972
- One unit has 3 bedrooms, 2 baths, basement egress, and a 3/4 bath
- Second unit offers 3 bedrooms, 1 1/2 baths, and an open basement
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
$54,527
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
8.40%
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%
$1,090,540
$1.1M
Cap Rate 7%
$778,957
$779.0K
Cap Rate 9%
$605,856
$605.9K
Market Conditions
NOI Build-Up for 3,732 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
$82.9K $22.20/SF
− Vacancy
−$5.0K −$1.33/SF
EGI
$77.9K $20.87/SF
− OpEx
−$23.4K −$6.26/SF
NOI
$54.5K $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%
$1,090,540
Cap Rate 7%
$778,957
Cap Rate 9%
$605,856
Alternative Uses
Best Use
Multifamily LT 5
$779.0K
$681.6K – $908.8K
NOI $54,527 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$715.5K
$626.0K – $834.7K
NOI $50,082 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$890.4K
$779.1K – $1.04M
NOI $62,326 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 55109, MN
35,381
Population
13,376
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
11.7 sq mi
ZIP Area
3,024
Density / Sq Mi
$81,759
Median Household Income
$44,609
Median Earnings
$1,316
Median Rent
$291,200
Median Home Value
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?
Duplex - Two connected residences offer separate layouts, basement utility, patios, and recent major system updates.
Where is this duplex located?
The property is located at 1745 Duluth St Maplewood, MN.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,732‑square‑foot side‑by‑side duplex built in 1972; One unit has 3 bedrooms, 2 baths, basement egress, and a 3/4 bath; Second unit offers 3 bedrooms, 1 1/2 baths, and an open basement
