Two-Home Duplex
2184 Minnehaha Ave E, Saint Paul, MN 55119
For Sale
$249,900
Two separate one-bedroom homes offer flexible occupancy or rental use on a shared residential parcel.
Property Size896 SF
Price / SF$278.91
Days on Market51
Property Features for 2184 Minnehaha Ave E
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
RE/MAX Professionals
Listed By:
Anne M. Clancy
(651) 592-3754
Source:
Homesminn
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 8 at 9:35AM
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 Professionals
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Investment Insights
Based on property information with market context.
This duplex property comprises two separate one-bedroom, one-bath homes on a single lot, with 896 square feet of property size and a 1900 construction date. Each residence includes its own in-unit washer and dryer. The front home offers single-level living and is occupied under a month-to-month tenancy. The rear home is separate and private, with a side porch, lower patio, and large storage shed; it is ready for occupancy or a new tenant.
Water and trash service are shared between the homes, with those services paid by the landlord. Each residence has its own electric and gas service, paid individually. The property is located in Battle Creek near 3M, with an owner-occupant arrangement or continued rental operation supported by the two-home configuration.
Water and trash service are shared between the homes, with those services paid by the landlord. Each residence has its own electric and gas service, paid individually. The property is located in Battle Creek near 3M, with an owner-occupant arrangement or continued rental operation supported by the two-home configuration.
Key Highlights
- Two separate 1‑bedroom, 1‑bath homes on one lot
- 896 square feet of property size; built in 1900
- Both homes include in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,091
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,820
$261.8K
Cap Rate 7%
$187,014
$187.0K
Cap Rate 9%
$145,456
$145.5K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$19.9K $22.20/SF
− Vacancy
−$1.2K −$1.33/SF
EGI
$18.7K $20.87/SF
− OpEx
−$5.6K −$6.26/SF
NOI
$13.1K $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%
$261,820
Cap Rate 7%
$187,014
Cap Rate 9%
$145,456
Alternative Uses
Best Use
Multifamily LT 5
$187.0K
$163.6K – $218.2K
NOI $13,091 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$171.8K
$150.3K – $200.4K
NOI $12,024 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
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Business Placement
Demographics for 55119, MN
43,010
Population
16,806
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
3,258
Density / Sq Mi
$77,870
Median Household Income
$42,860
Median Earnings
$1,351
Median Rent
$262,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Paul, MN
Properties on Market for Duplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate one-bedroom homes offer flexible occupancy or rental use on a shared residential parcel.
Where is this duplex located?
The property is located at 2184 Minnehaha Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bath homes on one lot; 896 square feet of property size; built in 1900; Both homes include in‑unit washer and dryer
