Multifamily Property with Basement
For Sale
$495,000
1759 Van Buren Avenue, Saint Paul, MN 55104
An unfinished lower level offers storage space, and the property has natural gas service.
Property Size3,825 SF
Price / SF$194.12
Days on Market114
Property Features for 1759 Van Buren Avenue
General Information
Standard status
Active
Size
3,825 SF
Property subtype
Residential Income
Zoning
Residential-Multi-Family
Taxes and HOA fees
Annual Taxes
$5,880
Amenities
Natural Gas
Full, Storage Space, Unfinished
Building Details
Building Size
3,825 SF
Year Built
1926
Stories
2
Listing Agency:
Acuity Group
Listed By:
Dustin Heggem · License #40416985
(612) 242-1653
Source:
Evrealestate
Added: Jul 1
Changed: Oct 19
Last Checked: Oct 20 at 8:29PM
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 Acuity Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 1759 Van Buren Avenue includes a full, unfinished lower level with storage space. Natural gas is also listed among the property features. The building dates to 1926 and is zoned Residential-Multi-Family.
The property is at the corner of Van Buren Avenue and N Wheeler Street in Saint Paul, Ramsey County.
The property is at the corner of Van Buren Avenue and N Wheeler Street in Saint Paul, Ramsey County.
Key Highlights
- Full, unfinished lower level with storage space
- Built in 1926
- Zoned Residential‑Multi‑Family
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,220
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,400
$684.4K
Cap Rate 7%
$488,857
$488.9K
Cap Rate 9%
$380,222
$380.2K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$66.4K $26.04/SF
− Vacancy
−$4.2K −$1.64/SF
EGI
$62.2K $24.40/SF
− OpEx
−$28.0K −$10.98/SF
NOI
$34.2K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,400
Cap Rate 7%
$488,857
Cap Rate 9%
$380,222
Alternative Uses
Best Use
Apartment 5plus
$488.9K
$427.8K – $570.3K
NOI $34,220 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.4K
$532.3K – $709.8K
NOI $42,586 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
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
Frequently Asked Questions
What type of property is this?
Multifamily property - An unfinished lower level offers storage space, and the property has natural gas service.
Where is this multifamily property located?
The property is located at 1759 Van Buren Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Full, unfinished lower level with storage space; Built in 1926; Zoned Residential‑Multi‑Family
