Six-Bedroom Duplex with Covered
263 Lafond Avenue, Saint Paul, MN 55103
For Sale
$300,000
Residential Income, Saint Paul, MN
Property Size1,863 SF
Lot Size0.11 Acres
Price / SF$161.03
Days on Market53
Property Features for 263 Lafond Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Subdivision
High school district
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
shared laundry
storage shed
backyard
Building Details
Year built
Buildings
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Rose Moua
(612) 600-6000
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 9 at 9:06AM
MLS# 7147072
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.
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Investment Insights
Based on property information with market context.
This 1,863-square-foot duplex, built in 1904, is arranged as an up-and-down residence. The lower unit has 1 bedroom and 1 bathroom, with an open layout and a covered rear porch. The upper unit occupies the second and third floors and includes 5 bedrooms and 2 bathrooms. Both units have stainless steel appliances, granite countertops, and LVP flooring. A newer roof and boiler were installed in 2022.
Basement space is divided into separate storage areas for each unit, with shared laundry. Outside, the property includes a covered carport accommodating 4+ cars, a storage shed, and a backyard with room for a garden. The parcel measures 0.11 acres and is located near parks, hospitals, museums, shopping, dining, and downtown amenities.
Basement space is divided into separate storage areas for each unit, with shared laundry. Outside, the property includes a covered carport accommodating 4+ cars, a storage shed, and a backyard with room for a garden. The parcel measures 0.11 acres and is located near parks, hospitals, museums, shopping, dining, and downtown amenities.
Key Highlights
- Two units: lower level has 1 bedroom and 1 bathroom; upper unit has 5 bedrooms and 2 bathrooms
- 1,863 square feet on a 0.11‑acre lot
- Roof and boiler replaced in 2022
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 - Two vertically arranged units combine separate living areas with shared laundry and individual basement storage.
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 units: lower level has 1 bedroom and 1 bathroom; upper unit has 5 bedrooms and 2 bathrooms; 1,863 square feet on a 0.11‑acre lot; Roof and boiler replaced in 2022
