Duplex with Separate
For Sale
$259,900
318 Baker Street E, Saint Paul, MN 55107
Two-unit property with independent heating, shared laundry, and off-street parking.
Property Size1,590 SF
Price / SF$163.46
Days on Market52
Property Features for 318 Baker Street E
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Some cosmetic updates remain
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Amenities
shared laundry
off-street parking
neighborhood walking path
Building Details
Year Built
1965
Listing Agency:
Home Guide Realty LLC
Listed By:
Michael Bartus
(952) 400-7000
Source:
Hometwincities
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 11:31PM
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 Home Guide Realty LLC
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains 1,590 square feet with a 3BR/1BA upper residence and a 2BR/1BA lower residence. Each unit has a separate furnace, while shared laundry and off-street parking serve the property. Recent work includes new flooring in both kitchens and bathrooms, fresh paint in several areas, furnace servicing, an updated stove in the upper unit, select replacement blinds, and installation of a Yale smart lock.
Located at 318 Baker Street E in Saint Paul, the property is near a neighborhood walking path measuring a quarter mile and offers access to shopping, transportation, and neighborhood amenities. Furnishings may be purchased separately or left by agreement. Some cosmetic work remains, allowing the next owner to continue updating the property.
Located at 318 Baker Street E in Saint Paul, the property is near a neighborhood walking path measuring a quarter mile and offers access to shopping, transportation, and neighborhood amenities. Furnishings may be purchased separately or left by agreement. Some cosmetic work remains, allowing the next owner to continue updating the property.
Key Highlights
- 1,590 SF duplex with 3BR/1BA upper and 2BR/1BA lower units
- Separate furnaces for each unit
- Shared laundry and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,231
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,620
$464.6K
Cap Rate 7%
$331,871
$331.9K
Cap Rate 9%
$258,122
$258.1K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$35.3K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.2K $20.87/SF
− OpEx
−$10.0K −$6.26/SF
NOI
$23.2K $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%
$464,620
Cap Rate 7%
$331,871
Cap Rate 9%
$258,122
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,337 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$379.3K
$331.9K – $442.6K
NOI $26,554 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
341
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with independent heating, shared laundry, and off-street parking.
Where is this duplex located?
The property is located at 318 Baker Street E Saint Paul, MN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,590 SF duplex with 3BR/1BA upper and 2BR/1BA lower units; Separate furnaces for each unit; Shared laundry and off‑street parking
