Side-by-Side
For Sale
$649,000
1745 Duluth Street, Maplewood, MN 55109
MULTI_FAMILY - Maplewood, MN
Property Size3,732 SF
Lot Size0.28 Acres
Price / SF$173.90
Days on Market272
Property Features for 1745 Duluth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Basement, Bathroom 5, Bathroom 2, Bedroom 4
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: Aug 19
Last Checked: Aug 19 at 7:06PM
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 in Maplewood offers two three-bedroom units with walk-out basements and backyard patios. The total property size is 3,732 SF on a 0.276-acre lot.
Unit layouts are similar across both sides, with one key difference in the basement configuration. One side features a basement with an egress window and a 3/4 bath, which may allow for adding another bedroom. The other side has a basement that is one large open room without an egress window. Both units have forced-air heating.
Recent improvements include a new roof in 2021 and new furnace and air conditioner in 2023. Carpet in the second unit is described as about 2 years old. New LVP is planned for both sides in the kitchen for March 2026. Exterior materials include brick/stone with cedar elements, and the homes are described as brick/stone and cedar.
Unit layouts are similar across both sides, with one key difference in the basement configuration. One side features a basement with an egress window and a 3/4 bath, which may allow for adding another bedroom. The other side has a basement that is one large open room without an egress window. Both units have forced-air heating.
Recent improvements include a new roof in 2021 and new furnace and air conditioner in 2023. Carpet in the second unit is described as about 2 years old. New LVP is planned for both sides in the kitchen for March 2026. Exterior materials include brick/stone with cedar elements, and the homes are described as brick/stone and cedar.
Key Highlights
- Two three‑bedroom units in a side‑by‑side duplex with walk‑out basements
- Basement difference: one side includes an egress window plus a 3/4 bath
- Backyard patio for each unit
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
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with walk-out basements and a backyard patio for each unit.
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: Two three‑bedroom units in a side‑by‑side duplex with walk‑out basements; Basement difference: one side includes an egress window plus a 3/4 bath; Backyard patio for each unit
