4-Unit
1875 Minnehaha Avenue W, Saint Paul, MN 55104
For Sale
$649,900
Residential Income, Saint Paul, MN
Property Size3,224 SF
Lot Size0.13 Acres
Price / SF$201.58
Days on Market48
Property Features for 1875 Minnehaha Avenue W
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
basement storage
shed
Building Details
Year built
Building materials
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 735-1350
Listed By:
Christopher J Micko · License MN #20143843
(952) 829-2900
Added: Sep 29
Changed: Nov 3
Last Checked: Nov 15 at 11:06AM
MLS# 7152152
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.
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Investment Insights
Based on property information with market context.
Built in 1959, this 3,224-square-foot quadplex contains four two-bedroom residences with hardwood flooring. The property occupies 0.126 acres and has block construction. Roof, windows, and air-conditioning units have been updated.
A basement provides separate storage for each residence, and a shed offers additional storage for the owner. On-site parking is provided in a parking lot.
A basement provides separate storage for each residence, and a shed offers additional storage for the owner. On-site parking is provided in a parking lot.
Key Highlights
- Four residences, each with two bedrooms
- 3,224 square feet on a 0.126‑acre lot
- Hardwood floors in all units
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.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
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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
$290,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, hardwood floors, and designated basement storage.
Where is this quadplex located?
The property is located at 1875 Minnehaha Avenue 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 residences, each with two bedrooms; 3,224 square feet on a 0.126‑acre lot; Hardwood floors in all units
