Residential Income
For Sale
$319,000
261 Robie Street W, Saint Paul, MN 55107
The property has block construction and electric and natural gas service.
Property Size2,808 SF
Price / SF$170.41
Days on Market10
Property Features for 261 Robie Street W
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,298
Amenities
Electric, Natural Gas
Block
Building Details
Building Size
2,808 SF
Year Built
1946
Stories
2
Listed By:
Brandon Jacobson
(507) 259-8172
Source:
Evrealestate
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 12 at 6:59PM
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 Brandon Jacobson
Investment Insights
Based on property information with market context.
Located at 261 Robie Street W in Saint Paul, this residential income property was built in 1946. The building has block construction and is served by electric and natural gas utilities.
Key Highlights
- Built in 1946
- Block construction
- Electric and natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,122
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,440
$502.4K
Cap Rate 7%
$358,886
$358.9K
Cap Rate 9%
$279,133
$279.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$48.7K $26.04/SF
− Vacancy
−$3.1K −$1.64/SF
EGI
$45.7K $24.40/SF
− OpEx
−$20.6K −$10.98/SF
NOI
$25.1K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,440
Cap Rate 7%
$358,886
Cap Rate 9%
$279,133
Alternative Uses
Best Use
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.6K
$390.8K – $521.1K
NOI $31,263 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has block construction and electric and natural gas service.
Where is this residential income property located?
The property is located at 261 Robie Street W Saint Paul, MN.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Built in 1946; Block construction; Electric and natural gas service
