Four-Unit Property with Detached
For Sale
$350,000
337 Maria Ave, Saint Paul, MN 55106
Finished lower-level space includes a kitchen, full bathroom, and two egress windows.
Property Size2,178 SF
Price / SF$160.70
Days on Market76
Property Features for 337 Maria Ave
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1870
Tenancy
Multi
Listing Agency:
Keller Williams Premier Realty
Listed By:
William Schultz
(651) 379-5252
Source:
Chrisfritchteam
Added: Aug 2
Changed: Oct 2
Last Checked: Oct 7 at 2:51PM
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 Keller Williams Premier Realty
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Investment Insights
Based on property information with market context.
This four-unit property includes four leased apartments and a finished lower level with a kitchen, full bathroom, and two egress windows. The building dates to 1870 and includes a two-stall detached garage, driveway parking, and access to street parking. The lower-level configuration provides additional finished space, though any changes to unit count or occupancy should be evaluated with the appropriate authorities.
The property is located at 337 Maria Ave in Saint Paul’s Dayton’s Bluff neighborhood, with proximity to downtown Saint Paul, major transit routes, and local amenities. Its current four-unit setup and existing parking improvements create a straightforward multifamily configuration for an investor or owner-occupant.
The property is located at 337 Maria Ave in Saint Paul’s Dayton’s Bluff neighborhood, with proximity to downtown Saint Paul, major transit routes, and local amenities. Its current four-unit setup and existing parking improvements create a straightforward multifamily configuration for an investor or owner-occupant.
Key Highlights
- Four leased units in a quadplex configuration
- Finished lower level with kitchen and full bathroom
- Two egress windows in the finished basement area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,822
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,440
$636.4K
Cap Rate 7%
$454,600
$454.6K
Cap Rate 9%
$353,578
$353.6K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$48.4K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$45.5K $20.87/SF
− OpEx
−$13.6K −$6.26/SF
NOI
$31.8K $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%
$636,440
Cap Rate 7%
$454,600
Cap Rate 9%
$353,578
Alternative Uses
Best Use
Multifamily LT 5
$454.6K
$397.8K – $530.4K
NOI $31,822 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$417.5K
$365.4K – $487.1K
NOI $29,228 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$519.6K
$454.7K – $606.2K
NOI $36,374 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
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
Frequently Asked Questions
What type of property is this?
Quadplex - Finished lower-level space includes a kitchen, full bathroom, and two egress windows.
Where is this quadplex located?
The property is located at 337 Maria Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four leased units in a quadplex configuration; Finished lower level with kitchen and full bathroom; Two egress windows in the finished basement area
