Four-Unit Building with
New
For Sale
$649,900
1875 Minnehaha Ave W, Saint Paul, MN 55104
Each residence has two bedrooms, hardwood floors and individual basement storage.
Property Size3,224 SF
Price / SF$201.58
Days on Market5
Property Features for 1875 Minnehaha Ave W
General Information
Standard status
Active
Size
3,224 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Building Details
Year Built
1959
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Christopher J Micko · License #20143843
(651) 407-7901
Source:
Brickandbanister
Added: Oct 1
Last Checked: Oct 4 at 11:40AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,224 square feet, with two bedrooms and hardwood flooring in each unit. Updates include the roof, windows and air-conditioning units. A clean, dry basement provides additional storage for each residence, while a separate shed offers storage for the owner. The building dates to 1959.
Key Highlights
- Four units, each with two bedrooms
- 3,224 square feet; built in 1959
- Hardwood floors in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,105
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,100
$942.1K
Cap Rate 7%
$672,929
$672.9K
Cap Rate 9%
$523,389
$523.4K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$71.6K $22.20/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$67.3K $20.87/SF
− OpEx
−$20.2K −$6.26/SF
NOI
$47.1K $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%
$942,100
Cap Rate 7%
$672,929
Cap Rate 9%
$523,389
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.1K
NOI $47,105 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$769.2K
$673.0K – $897.4K
NOI $53,843 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,532
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
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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?
Quadplex - Each residence has two bedrooms, hardwood floors and individual basement storage.
Where is this quadplex located?
The property is located at 1875 Minnehaha Ave W Saint Paul, MN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four units, each with two bedrooms; 3,224 square feet; built in 1959; Hardwood floors in every unit
