Triplex with Detached
203 Chatsworth St S, Saint Paul, MN 55105
For Sale
$1,249,000
Separate utilities, replaced mechanical systems, and updated kitchens and bathrooms serve this residential property.
Property Size4,423 SF
Price / SF$282.39
Days on Market17
Property Features for 203 Chatsworth St S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
patio
storage shed
Listing Agency:
RE/MAX Results
(651) 552-3600
Listed By:
Christopher J Ames · License #710057
(651) 230-9200
Source:
Exprealty
Added: Oct 22
Changed: Nov 1
Last Checked: Nov 6 at 1:39PM
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
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Investment Insights
Based on property information with market context.
The 4,423-square-foot triplex has refinished hardwood, additional new flooring, and fresh interior paint. Renovated kitchens feature granite countertops and stainless-steel appliances, while the bathrooms have also been updated. Mechanical systems have been replaced, and the property has separate utilities.
Outdoor and ancillary features include a fenced yard with a patio, a detached two-car garage, additional off-street parking, and a storage shed. The property is in Saint Paul’s Crocus Hill neighborhood, near the shops and restaurants along Grand Avenue.
Outdoor and ancillary features include a fenced yard with a patio, a detached two-car garage, additional off-street parking, and a storage shed. The property is in Saint Paul’s Crocus Hill neighborhood, near the shops and restaurants along Grand Avenue.
Key Highlights
- 4,423‑square‑foot triplex
- Renovated kitchens with granite countertops and stainless‑steel appliances
- Replaced mechanical systems and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,623
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,460
$1.3M
Cap Rate 7%
$923,186
$923.2K
Cap Rate 9%
$718,033
$718.0K
Market Conditions
NOI Build-Up for 4,423 SF
Gross rent
$98.2K $22.20/SF
− Vacancy
−$5.9K −$1.33/SF
EGI
$92.3K $20.87/SF
− OpEx
−$27.7K −$6.26/SF
NOI
$64.6K $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%
$1,292,460
Cap Rate 7%
$923,186
Cap Rate 9%
$718,033
Alternative Uses
Best Use
Multifamily LT 5
$923.2K
$807.8K – $1.08M
NOI $64,623 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$847.9K
$741.9K – $989.3K
NOI $59,355 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.06M
$923.3K – $1.23M
NOI $73,867 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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Business Placement
Demographics for 55105, MN
28,812
Population
12,045
Households
2.4
Avg Household Size
33
Median Age
78%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
8,232
Density / Sq Mi
$108,200
Median Household Income
$51,131
Median Earnings
$1,240
Median Rent
$453,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities, replaced mechanical systems, and updated kitchens and bathrooms serve this residential property.
Where is this triplex located?
The property is located at 203 Chatsworth St S Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 4,423‑square‑foot triplex; Renovated kitchens with granite countertops and stainless‑steel appliances; Replaced mechanical systems and separate utilities
