Two-to-Seven Unit Apartment
For Sale
Contact for pricing
330 Magnolia Avenue East, Saint Paul, MN 55130
For-sale 14-unit multifamily property at 330 Magnolia Avenue East for investors seeking a small-balance apartment asset.
Property Size9,472 SF
Price / SF$163.74
Days on Market86
Property Features for 330 Magnolia Avenue East
General Information
Standard status
Active
Size
9,472 SF
Class
C
Total Parking Spaces
12
Property subtype
Retail
Zoning
Residential-Multi-Family
Occupancy
70%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$34,192
Additional Details
Multifamily Units
14
Building Details
Year Built
1962
Year Renovated
2021
Tenancy
Single
Listing Agency:
Creative Results
Listed By:
Steven Thao · License #40945880
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 26 at 2:36AM
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 Creative Results
Investment Insights
Based on property information with market context.
This property is a for-sale multifamily apartment building configured as a mix of two- to seven-unit apartment buildings, totaling 14 units overall. It is offered as a residential income property designed to house multiple tenants within one consolidated ownership structure.
The building is located at 330 Magnolia Avenue East in St Paul, Minnesota (55130). The listing represents a single 14-unit asset rather than separate scattered parcels, which can simplify ownership and operations for qualified buyers.
With 14 units in place, this offering may appeal to investors and operators looking for a medium-sized residential income property. As with any multifamily purchase, underwriting should account for the building’s unit mix, existing operating history, and ongoing maintenance and capital planning. Interested buyers should review the property details, tenancy information, and any available financials during their due diligence to confirm performance drivers and align with their investment criteria.
The building is located at 330 Magnolia Avenue East in St Paul, Minnesota (55130). The listing represents a single 14-unit asset rather than separate scattered parcels, which can simplify ownership and operations for qualified buyers.
With 14 units in place, this offering may appeal to investors and operators looking for a medium-sized residential income property. As with any multifamily purchase, underwriting should account for the building’s unit mix, existing operating history, and ongoing maintenance and capital planning. Interested buyers should review the property details, tenancy information, and any available financials during their due diligence to confirm performance drivers and align with their investment criteria.
Key Highlights
- 14‑unit multifamily apartment property
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,112
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,542,240
$2.5M
Cap Rate 7%
$1,815,886
$1.8M
Cap Rate 9%
$1,412,356
$1.4M
Market Conditions
NOI Build-Up for 9,472 SF
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.
Gross rent
$246.7K $26.04/SF
− Vacancy
−$15.5K −$1.64/SF
EGI
$231.1K $24.40/SF
− OpEx
−$104.0K −$10.98/SF
NOI
$127.1K $13.42/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,542,240
Cap Rate 7%
$1,815,886
Cap Rate 9%
$1,412,356
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,112 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $163,165 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For-sale 14-unit multifamily property at 330 Magnolia Avenue East for investors seeking a small-balance apartment asset.
Where is this apartment building located?
The property is located at 330 Magnolia Avenue East Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,550,900.
What are key features of this property?
This property features: 14‑unit multifamily apartment property; Built in 1962
