Up-Down Duplex with Third-Story
356 1st Avenue S South Saint Paul, MN 55075
356 1st Avenue S, South Saint Paul, MN, 55075
$299,900
For Sale
$299,900
MULTI_FAMILY - South Saint Paul, MN
Property Size2,014 SF
Lot Size0.11 Acres
Price / SF$148.91
Days on Market9
Property Features for 356 1st Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 4
- Exterior features
- Metal
- Standard status
- Active
- APN
- 366430016170
- Size
- 2,014 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5186
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing Agency
RE/MAX Results
(651) 251-4800
748 Grand Ave, Eden Prairie, MN
Listed by
Brian Olson · License #RA-20414068
(952) 829-2900
Added: Jul 8 Checked: Jul 16 at 9:06 pm
MLS# 7105947
Listing URL
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 up-down duplex includes two residential units, each with two bedrooms and one full bathroom. The property also has a versatile third-story area with two additional finished rooms, which can be used for flexible space. Recent updates include new flooring, fresh carpeting, and interior paint to support a move-in-ready condition.
The home is located at 356 1st Avenue S in South Saint Paul, MN, on a low-traffic street in the provided remarks.
The main-level unit features an open-concept kitchen with updated appliances and a high-tech multifunction sink. A brand-new central furnace has also been installed.
The home is located at 356 1st Avenue S in South Saint Paul, MN, on a low-traffic street in the provided remarks.
The main-level unit features an open-concept kitchen with updated appliances and a high-tech multifunction sink. A brand-new central furnace has also been installed.
Key Highlights
- Up/down duplex with 2 bedrooms and 1 full bathroom in each unit
- Third‑story offers two additional finished rooms for office, game room, hobby space, or extra storage
- Brand‑new central furnace installed; forced‑air heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $26.04 |
| − Vacancy | −$3.3k | −$1.64 |
| EGI | $49.1k | $24.40 |
| − OpEx | −$22.1k | −$10.98 |
| NOI | $27.0k | $13.42 |
2,014 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.4K
$367.8K – $490.4K
NOI $29,426 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$386.1K
$337.8K – $450.5K
NOI $27,027 @ 7.0% cap · market cap 9.01%
Theoretical Best
Healthcare Medical
$495.6K
$433.7K – $578.2K
NOI $34,693 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Up-down duplex for sale with two 2-bedroom, 1-bath units and two additional finished rooms on a third story.
Where is this duplex located?
The property is located at 356 1st Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Up/down duplex with 2 bedrooms and 1 full bathroom in each unit; Third‑story offers two additional finished rooms for office, game room, hobby space, or extra storage; Brand‑new central furnace installed; forced‑air heating
