229 2nd Avenue S, South Saint Paul, MN 55075
MULTI_FAMILY - South Saint Paul, MN
- Added:
- Jun 15, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 30 at 7:06 pm
Property Features for 229 2nd Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
- Exterior features
- Vinyl
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 363255015090
- Size
- 1,802 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4492
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1917
Listing agent William Schultz (651) 379-5252
Listing office Keller Williams Premier Realty 635 Bielenberg Dr Ste 100, Woodbury, MN (651) 379-5252
Listing date Jun 15, 2026
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
- Duplex built in 1917 with vinyl exterior and forced‑air heating
- Major exterior updates include replaced roof and replaced siding
- Chain link fencing on the property
- Multiple rooms/layout include four bedrooms and two bathrooms, plus a basement
Overview
The property is positioned in a convenient South Saint Paul location near public transportation and within reach of local restaurants, retail, and everyday services. It sits close to the Southview Boulevard and Concord Street corridor and provides convenient access into downtown St. Paul and the St. Paul Downtown Airport.
For owner-occupants or investors, the updated exterior makes the property easier to manage and maintain as a rental duplex. Its location near commercial corridors and transportation supports a practical live-in or lease-out strategy for tenants who need routine access to area amenities. All measurements should be verified by the buyer’s agent.
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 | $40.0k | $22.20 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $37.6k | $20.87 |
| − OpEx | −$11.3k | −$6.26 |
| NOI | $26.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.035702
- Latitude
- 44.887909
