Side-by-Side
For Sale
$390,000
331-333 S McKnight Road, Saint Paul, MN 55119
Residential Income, Saint Paul, MN
Property Size1,860 SF
Lot Size0.18 Acres
Price / SF$209.68
Days on Market116
Property Features for 331-333 S McKnight Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Parking features
Garage - Detached, Driveway
Exterior features
Brick/Stone, Slate
Fencing
Chain Link
Subdivision
Section 11 Town 28 Range 22
Lot features
Public Transit (w/in 6 blks)
High school district
St. Paul
Directions
Highway 94 East to McKnight Rd. go Right/South, to 331 McKnight Rd. S on your right side
Standard status
Active
APN
112822110004
Size
1,860 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7282
Utilities
Heating system
Forced Air
Building Details
Year built
1968
Building materials
Block
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 755-1100
Listed By:
Amy Stine
(952) 226-7700
Added: Jun 13
Changed: Sep 24
Last Checked: Oct 6 at 3:06AM
MLS# 7092621
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,860 square feet on a 0.179-acre parcel in Saint Paul. The property was built in 1968 and features brick/stone and slate exterior materials, block construction, forced-air heating, detached garage parking, a driveway, and chain-link fencing. The layout includes bedrooms, bathrooms, and basement space on each side, with the possibility of adding one bedroom to each unit.
Both residences are occupied under month-to-month leases. Residents handle lawn care, snow removal, electric, gas, and water, while the owner covers garbage service and taxes. A warrantied faucet replacement remains to be completed at the 333 side before closing.
Both residences are occupied under month-to-month leases. Residents handle lawn care, snow removal, electric, gas, and water, while the owner covers garbage service and taxes. A warrantied faucet replacement remains to be completed at the 333 side before closing.
Key Highlights
- 1,860‑square‑foot side‑by‑side duplex on a 0.179‑acre parcel
- Both units occupied under month‑to‑month leases
- Potential to add 1 bedroom to each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,176
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,520
$543.5K
Cap Rate 7%
$388,229
$388.2K
Cap Rate 9%
$301,956
$302.0K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$41.3K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$38.8K $20.87/SF
− OpEx
−$11.6K −$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%
$543,520
Cap Rate 7%
$388,229
Cap Rate 9%
$301,956
Alternative Uses
Best Use
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,176 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$356.6K
$312.0K – $416.0K
NOI $24,961 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$443.8K
$388.3K – $517.7K
NOI $31,063 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 55119, MN
43,010
Population
16,806
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
3,258
Density / Sq Mi
$77,870
Median Household Income
$42,860
Median Earnings
$1,351
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer established rental use with month-to-month tenancy and separate resident utility responsibilities.
Where is this duplex located?
The property is located at 331-333 S McKnight Road Saint Paul, MN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,860‑square‑foot side‑by‑side duplex on a 0.179‑acre parcel; Both units occupied under month‑to‑month leases; Potential to add 1 bedroom to each side
