Duplex with Rooftop
For Sale
$350,000
1791 Morgan Avenue, Saint Paul, MN 55116
Two distinct living areas include an upper two-bedroom unit and a lower apartment.
Property Size1,739 SF
Price / SF$201.27
Days on Market43
Property Features for 1791 Morgan Avenue
General Information
Standard status
Active
Size
1,739 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,758
Building Details
Building Size
1,739 SF
Year Built
1983
Buildings
1
Stories
2
Units
2
Listing Agency:
Prudden & Company
(612) 875-4675
Listed By:
Allie Walsh
(952) 457-4085
Source:
Driveresultsrealty
Added: Sep 21
Changed: Nov 1
Last Checked: Oct 31 at 3:08AM
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 Prudden & Company
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Investment Insights
Based on property information with market context.
This 1,739-square-foot duplex, built in 1983, has two living areas: an upper unit with two bedrooms and a full bath, and a lower apartment with a bedroom, full bath, and family room. The lower space has been used as a short-term rental. Interior updates include oak flooring, Pella windows, and updated mechanical systems. A sliding door connects the main level to a rooftop deck, while the landscaped backyard features perennial gardens.
The property is at 1791 Morgan Avenue in Saint Paul’s Highland Park neighborhood, near shopping, dining, parks, and trails, with access to both downtown Saint Paul and Minneapolis. There are no HOA fees or restrictions.
The property is at 1791 Morgan Avenue in Saint Paul’s Highland Park neighborhood, near shopping, dining, parks, and trails, with access to both downtown Saint Paul and Minneapolis. There are no HOA fees or restrictions.
Key Highlights
- Two‑unit duplex with 1,739 square feet
- Upper unit offers two bedrooms and a full bath
- Lower apartment has one bedroom, a full bath, and a family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,408
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,160
$508.2K
Cap Rate 7%
$362,971
$363.0K
Cap Rate 9%
$282,311
$282.3K
Market Conditions
NOI Build-Up for 1,739 SF
Gross rent
$38.6K $22.20/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$36.3K $20.87/SF
− OpEx
−$10.9K −$6.26/SF
NOI
$25.4K $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%
$508,160
Cap Rate 7%
$362,971
Cap Rate 9%
$282,311
Alternative Uses
Best Use
Multifamily LT 5
$363.0K
$317.6K – $423.5K
NOI $25,408 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$333.4K
$291.7K – $389.0K
NOI $23,337 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$414.9K
$363.0K – $484.0K
NOI $29,042 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
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Business Placement
Demographics for 55116, MN
25,992
Population
12,818
Households
2
Avg Household Size
41
Median Age
60%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
4,726
Density / Sq Mi
$83,156
Median Household Income
$53,705
Median Earnings
$1,279
Median Rent
$405,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas include an upper two-bedroom unit and a lower apartment.
Where is this duplex located?
The property is located at 1791 Morgan Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,739 square feet; Upper unit offers two bedrooms and a full bath; Lower apartment has one bedroom, a full bath, and a family room
