Side-by-Side
For Sale
$649,000
1745 Duluth Street, Maplewood, MN 55109
Residential Income, Maplewood, MN
Property Size3,732 SF
Lot Size0.28 Acres
Price / SF$173.90
Days on Market312
Property Features for 1745 Duluth Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1
Exterior features
Brick/Stone, Cedar
Subdivision
Section 16 Town 29 Range 22
High school district
North St Paul-Maplewood
Directions
Highway 36 to English St. South on English to Ripley Ave on right. Turn right (west) on Ripley to second left. Turn left (south) on Duluth to property on right.
Standard status
Active
APN
162922440075
Size
3,732 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6338
Utilities
Heating system
Forced Air
Building Details
Year built
1972
Listing Agency:
National Realty Guild
(651) 330-8001
Listed By:
Hope E. Goddard
(651) 494-4000
Added: Nov 20, 2025
Changed: Sep 25
Last Checked: Sep 28 at 3:06AM
MLS# 6820265
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 side-by-side duplex contains 3,732 square feet on a 0.276-acre lot and was built in 1972. The two walk-out residences provide a combined six bedrooms and 3.5 bathrooms. One unit includes three bedrooms, two bathrooms, and a basement egress window with a three-quarter bathroom; the other offers three bedrooms and one-and-a-half bathrooms with an open basement room. Each side has a backyard patio.
Property improvements include a roof installed in 2021, replacement furnaces and air conditioners completed in 2023, and new luxury vinyl plank flooring in both kitchens installed in March 2026. The second unit also has carpet that is two years old. Located at 1745 Duluth Street in Maplewood, Minnesota, the property includes brick/stone and cedar exterior finishes with forced-air heating.
Property improvements include a roof installed in 2021, replacement furnaces and air conditioners completed in 2023, and new luxury vinyl plank flooring in both kitchens installed in March 2026. The second unit also has carpet that is two years old. Located at 1745 Duluth Street in Maplewood, Minnesota, the property includes brick/stone and cedar exterior finishes with forced-air heating.
Key Highlights
- Side‑by‑side duplex with 3,732 square feet on a 0.276‑acre lot
- Two walk‑out units with backyard patios
- Unit mix includes one 3‑bedroom, 2‑bath residence and one 3‑bedroom, 1.5‑bath residence
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
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two walk-out units feature private patios, updated mechanical systems, and refreshed kitchen flooring.
Where is this duplex located?
The property is located at 1745 Duluth Street 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: Side‑by‑side duplex with 3,732 square feet on a 0.276‑acre lot; Two walk‑out units with backyard patios; Unit mix includes one 3‑bedroom, 2‑bath residence and one 3‑bedroom, 1.5‑bath residence
