Updated Up-and-Down Duplex with Private
221 3rd Avenue NE, Saint Cloud, MN 56304
MULTI_FAMILY - Saint Cloud, MN
Property size:
1,658 SFLot size:
0.17 AcresPrice / SF:
$170/SF- Added:
- May 13, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 30 at 10:06 am
Property Features for 221 3rd Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3
- Parking features
- Open, Garage - Detached
- Exterior features
- Brick/Stone, Stucco, Vinyl
- Standard status
- Active
- APN
- 170078500
- Size
- 1,658 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1742
Utilities
- Heating system
- Forced Air, Baseboard
Building Details
- Year built
- 1920
- Roof type
- Shingle
Listing agent Brendan Mooney (612) 360-7560
Listing office Your Next Place Real Estate 1411 W Saint Germain St #2, Maple Lake, MN (320) 257-9000
Listing date May 13, 2026
MLS# 7073155
Listing URL
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.
HighLights
- Up‑and‑down duplex built in 1920 with both classic character and modern upgrades
- Lower unit: 2 bed, 1 bath with over 1,000 SF finished living space and open layout with large picture windows
- Lower unit bathroom remodeled with a walk‑in shower and dual showerheads
- Main level includes access to a basement with additional storage and a laundry area; basement is framed for future finishing
- Upper unit: 1 bed, 1 bath with private exterior entrance and in‑unit kitchen, living room, and laundry area
- Updates include spray foam insulation, electrical, plumbing, furnace, air conditioner, drywall, flooring, and cabinets; fenced backyard with 2‑stall detached garage
Overview
Built in 1920, this updated up-and-down duplex is configured as a two-unit residential income property. The lower unit offers two bedrooms and one bathroom with open layout living space, large picture windows for natural light, and high ceilings. Updates include an updated kitchen and a remodeled bathroom with a modern walk-in shower and dual showerheads. From the main level, the unit also has access to the basement, which provides additional storage and a laundry area, and includes framing ready for finishing. The upstairs unit features one bedroom and one bathroom with a private exterior entrance, along with a kitchen, living room, and its own laundry area.
The property has a convenient St. Cloud location with easy access to downtown, parks, and the river. Exterior features include a fenced-in backyard and a detached two-stall garage.
This layout can work well for an owner-occupant seeking rental income alongside a self-contained living space, or for an investor looking for a duplex with documented system and interior updates. Recent improvements noted include spray foam insulation, electrical and plumbing work, a furnace and air conditioner, along with drywall, flooring, and cabinet updates across the home.
The property has a convenient St. Cloud location with easy access to downtown, parks, and the river. Exterior features include a fenced-in backyard and a detached two-stall garage.
This layout can work well for an owner-occupant seeking rental income alongside a self-contained living space, or for an investor looking for a duplex with documented system and interior updates. Recent improvements noted include spray foam insulation, electrical and plumbing work, a furnace and air conditioner, along with drywall, flooring, and cabinet updates across the home.
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 | $36.8k | $22.20 |
| − Vacancy | −$2.2k | −$1.33 |
| EGI | $34.6k | $20.87 |
| − OpEx | −$10.4k | −$6.26 |
| NOI | $24.2k | $14.61 |
1,658 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.1K
$302.8K – $403.8K
NOI $24,225 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$317.9K
$278.1K – $370.8K
NOI $22,250 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Saint Cloud
- County
- Sherburne
- State
- Minnesota
- Longitude
- -94.156287
- Latitude
- 45.567073
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - An updated 1920s duplex with separate upper entry, laundry areas, and a fenced yard with a detached two-stall garage.
Where is this duplex located?
The property is located at 221 3rd Avenue NE Saint Cloud, MN.
What is the asking price?
The asking price for this property is $282,900.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1920 with both classic character and modern upgrades; Lower unit: 2 bed, 1 bath with over 1,000 SF finished living space and open layout with large picture windows; Lower unit bathroom remodeled with a walk‑in shower and dual showerheads
