Well-Maintained Duplex For
2017 Laurel Avenue Saint Paul, MN 55104
New
2017 Laurel Avenue, Saint Paul, MN, 55104
$479,900
For Sale
$479,900
Other - Saint Paul, MN
Property Size2,242 SF
Lot Size0.11 Acres
Price / SF$214.05
Days on Market6
Property Features for 2017 Laurel Avenue
General Information
- Property type
- Other
- Property subtype
- Duplex
- Zoning
- Residential-Multi-Family
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- On Street
- Standard status
- Active
- APN
- 042823220097
- Size
- 2,242 SF
- Lot size
- 0.11 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Engel & Völkers Minneapolis
(612) 338-3836
Listed by
Malee Vang
Added: Jul 16 Updated: Jul 20 at 3:02PM Checked: Jul 21 at 11:06AM
MLS# 7110325
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained up/down duplex offers two separate units, with one currently vacant and the other under lease. The property has had extensive improvements over time, including updated gas lines installed, along with dual boilers and kitchen countertop updates. Additional upgrades include water line and appliance improvements, a newer water heater, washer/dryer, and dishwasher, as well as roof replacement and updates to the chimney liner and cap. Interior and exterior refreshes include fresh paint in multiple areas, exterior trim painting, and a freshly stained lower porch. The rear bump-out has also been renovated with structural repairs, new siding, flooring, a moisture barrier, and sealed rubber roofing.
Resident parking permits are available to help support convenient parking.
The property is zoned Residential-Multi-Family.
Resident parking permits are available to help support convenient parking.
The property is zoned Residential-Multi-Family.
Key Highlights
- Well‑maintained up/down duplex built in 1921 with natural gas heat
- One unit is vacant and the other is leased at $1,650/month with a new lease in place
- Roof: asphalt; on‑street parking with resident parking permits available
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.8k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $46.8k | $20.87 |
| − OpEx | −$14.0k | −$6.26 |
| NOI | $32.8k | $14.61 |
2,242 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.0K
$409.5K – $546.0K
NOI $32,757 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$429.8K
$376.1K – $501.5K
NOI $30,087 @ 7.0% cap · market cap 6.27%
Theoretical Best
Healthcare Medical
$551.7K
$482.8K – $643.7K
NOI $38,621 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Up/down duplex with one vacant unit and one leased unit, supported by recent major exterior and systems updates.
Where is this duplex located?
The property is located at 2017 Laurel Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Well‑maintained up/down duplex built in 1921 with natural gas heat; One unit is vacant and the other is leased at $1,650/month with a new lease in place; Roof: asphalt; on‑street parking with resident parking permits available
