4-Unit Apartment
New
For Sale
$599,900
1759 Pleasant Street, Lauderdale, MN 55113
The four residences include basement storage, coin-operated laundry and off-street parking.
Property Size2,357 SF
Price / SF$254.52
Days on Market2
Property Features for 1759 Pleasant Street
General Information
Standard status
Active
Size
2,357 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
backyard
basement storage
coin laundry
Building Details
Year Built
1936
Listing Agency:
Lpt Realty, LLC
Listed By:
Jay Hancock Real Estate
(612) 916-0245
Source:
Jayhancockrealestate
Added: Oct 23
Last Checked: Oct 23 at 3:52PM
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 Lpt Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1936, this 2,357-square-foot apartment property contains four one-bedroom, one-bathroom units. Recent unit updates were completed in summer 2026, and all four apartments were leased within a month. The building also offers basement storage, coin-operated laundry, a large backyard and four off-street parking spaces. Water, sewer and trash are currently paid by the owner.
The property is in Lauderdale, between Minneapolis and Saint Paul, with access to Highway 280. The University of Minnesota’s St. Paul campus is about one mile away, and the State Fairgrounds are approximately 1.5 miles away. Rosedale and Como Park are also nearby. Lauderdale is outside Minneapolis and Saint Paul city rental ordinances; buyers should verify applicable requirements. Two apartments are month-to-month, with 30 days’ notice, providing flexibility for an owner-occupant.
The property is in Lauderdale, between Minneapolis and Saint Paul, with access to Highway 280. The University of Minnesota’s St. Paul campus is about one mile away, and the State Fairgrounds are approximately 1.5 miles away. Rosedale and Como Park are also nearby. Lauderdale is outside Minneapolis and Saint Paul city rental ordinances; buyers should verify applicable requirements. Two apartments are month-to-month, with 30 days’ notice, providing flexibility for an owner-occupant.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- 2,357 square feet; built in 1936
- All four units were updated in summer 2026 and leased within a month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,437
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,740
$688.7K
Cap Rate 7%
$491,957
$492.0K
Cap Rate 9%
$382,633
$382.6K
Market Conditions
NOI Build-Up for 2,357 SF
Gross rent
$52.3K $22.20/SF
− Vacancy
−$3.1K −$1.33/SF
EGI
$49.2K $20.87/SF
− OpEx
−$14.8K −$6.26/SF
NOI
$34.4K $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 Rate 5%
$688,740
Cap Rate 7%
$491,957
Cap Rate 9%
$382,633
Alternative Uses
Best Use
Multifamily LT 5
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$451.9K
$395.4K – $527.2K
NOI $31,630 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$562.3K
$492.0K – $656.1K
NOI $39,363 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
511
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
Frequently Asked Questions
What type of property is this?
Quadplex - The four residences include basement storage, coin-operated laundry and off-street parking.
Where is this quadplex located?
The property is located at 1759 Pleasant Street Lauderdale, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; 2,357 square feet; built in 1936; All four units were updated in summer 2026 and leased within a month
