Quadplex With Finished
For Sale
$350,000
Pending
337 Maria Avenue, Saint Paul, MN 55106
MULTI_FAMILY - Saint Paul, MN
Property Size2,178 SF
Lot Size0.15 Acres
Days on Market112
Property Features for 337 Maria Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Basement
Parking features
Garage - Detached, Driveway
Exterior features
Wood
Subdivision
Lyman Dayton Add
High school district
St. Paul
Directions
94 W to Mounds Blvd, take to Kellogg/Third Street, take left on Maria
Standard status
Pending
APN
322922420013
Size
2,178 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8662
Utilities
Heating system
Forced Air
Building Details
Year built
1870
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-5252
Listed By:
William Schultz
(651) 379-5252
Added: Apr 27
Changed: Aug 15
Last Checked: Aug 16 at 1:06PM
MLS# 7063192
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 Saint Paul quadplex contains four leased units and approximately 2,178 square feet of finished space, including a completed lower level. The basement includes a kitchen, full bathroom, and two egress windows, creating a nonconforming fifth-unit configuration. The property was built in 1870 and has a wood exterior with forced-air heating.
The 0.151-acre lot includes a two-stall detached garage, driveway parking, and access to street parking. The property is located on Maria Avenue in Saint Paul’s Dayton’s Bluff area, with proximity to downtown Saint Paul, major transit routes, and local amenities.
The 0.151-acre lot includes a two-stall detached garage, driveway parking, and access to street parking. The property is located on Maria Avenue in Saint Paul’s Dayton’s Bluff area, with proximity to downtown Saint Paul, major transit routes, and local amenities.
Key Highlights
- Four leased units currently in operation
- Completed basement area with kitchen, full bathroom, and two egress windows
- Approximately 2,178 finished square feet
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
$31,822
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
9.09%
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%
$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
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
$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
Dakota 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 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%
$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
Healthcare Medical
$536.0K
$469.0K – $625.3K
NOI $37,518 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Wood exterior, forced-air heating, and a detached garage support this Saint Paul multifamily property.
Where is this quadplex located?
The property is located at 337 Maria Avenue 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 currently in operation; Completed basement area with kitchen, full bathroom, and two egress windows; Approximately 2,178 finished square feet
