Updated Duplex with Covered
263 Lafond Avenue, Saint Paul, MN 55103
For Sale
$300,000
Up-and-down duplex with renovated interiors, separate storage, shared laundry, and convenient access to downtown amenities.
Property Size1,863 SF
Price / SF$161.03
Days on Market51
Property Features for 263 Lafond Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
stainless steel appliances
granite countertops
LVP flooring
covered back porch
storage shed
backyard with space for a garden
separate storage areas
shared laundry
Building Details
Year Built
Listing Agency:
Jack Chivers Realty
Listed By:
Michael Bartus
(952) 400-7000
Source:
Hometwincities
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 6:15AM
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 Jack Chivers Realty
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Investment Insights
Based on property information with market context.
Built in 1904, this up-and-down duplex contains two residences with a combined 1,863 square feet. The lower unit includes 1 bedroom, 1 bathroom, an open-concept layout, natural light, and a covered back porch. The upper residence occupies the second and third floors and offers 5 bedrooms and 2 bathrooms. Both units feature stainless steel appliances, granite countertops, and LVP flooring.
Recent property improvements include a newer roof and boiler, each replaced in 2022. The property also includes a covered carport accommodating 4+ cars, a storage shed, and backyard space suitable for a garden. Separate basement storage areas serve each unit, while laundry facilities are shared. The location provides access to parks, hospitals, museums, shopping, dining, and other downtown amenities.
Recent property improvements include a newer roof and boiler, each replaced in 2022. The property also includes a covered carport accommodating 4+ cars, a storage shed, and backyard space suitable for a garden. Separate basement storage areas serve each unit, while laundry facilities are shared. The location provides access to parks, hospitals, museums, shopping, dining, and other downtown amenities.
Key Highlights
- Two‑unit duplex with 1,863 square feet built in 1904
- Lower unit offers 1 bedroom, 1 bathroom, open‑concept living, and a covered back porch
- Upper unit spans the second and third floors with 5 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,220
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,400
$544.4K
Cap Rate 7%
$388,857
$388.9K
Cap Rate 9%
$302,444
$302.4K
Market Conditions
NOI Build-Up for 1,863 SF
Gross rent
$41.4K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$38.9K $20.87/SF
− OpEx
−$11.7K −$6.26/SF
NOI
$27.2K $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%
$544,400
Cap Rate 7%
$388,857
Cap Rate 9%
$302,444
Alternative Uses
Best Use
Multifamily LT 5
$388.9K
$340.3K – $453.7K
NOI $27,220 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$357.2K
$312.5K – $416.7K
NOI $25,001 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$444.5K
$388.9K – $518.6K
NOI $31,113 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
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Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
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Market
Average Price Trend$/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 - Up-and-down duplex with renovated interiors, separate storage, shared laundry, and convenient access to downtown amenities.
Where is this duplex located?
The property is located at 263 Lafond Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,863 square feet built in 1904; Lower unit offers 1 bedroom, 1 bathroom, open‑concept living, and a covered back porch; Upper unit spans the second and third floors with 5 bedrooms and 2 bathrooms
