Refreshed Duplex with Hardwood
For Sale
$250,000
375 Erie St, Saint Paul, MN 55102
Two-unit property with refreshed interiors, spacious rooms, and original woodwork.
Property Size1,440 SF
Price / SF$173.61
Days on Market50
Property Features for 375 Erie St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1885
Listing Agency:
Real Broker, LLC
Listed By:
Adam Tafel
(715) 456-7205
Source:
Homesearchlive
Added: Sep 6
Changed: Oct 17
Last Checked: Oct 7 at 1:27PM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,440 square feet and was built in 1885. Recent interior painting updates the building, while hardwood floors, original woodwork, spacious rooms, and separate kitchens and bedrooms retain its older-home character. Each unit includes a functional arrangement with living space, kitchen, and bedrooms.
The property is currently vacant for showings. Tenants are scheduled to move into the upper unit in mid-October, providing a defined leasing transition for the next owner. The duplex format supports either occupancy of one unit with the other leased or continued operation as a two-unit rental property.
The property is currently vacant for showings. Tenants are scheduled to move into the upper unit in mid-October, providing a defined leasing transition for the next owner. The duplex format supports either occupancy of one unit with the other leased or continued operation as a two-unit rental property.
Key Highlights
- Duplex with 1,440 square feet of total property size
- Built in 1885 with original woodwork and hardwood floors
- Recent interior paint refresh
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,039
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,780
$420.8K
Cap Rate 7%
$300,557
$300.6K
Cap Rate 9%
$233,767
$233.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$32.0K $22.20/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$30.1K $20.87/SF
− OpEx
−$9.0K −$6.26/SF
NOI
$21.0K $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%
$420,780
Cap Rate 7%
$300,557
Cap Rate 9%
$233,767
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.0K – $350.7K
NOI $21,039 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,324 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$343.6K
$300.6K – $400.8K
NOI $24,049 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, spacious rooms, and original woodwork.
Where is this duplex located?
The property is located at 375 Erie St Saint Paul, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with 1,440 square feet of total property size; Built in 1885 with original woodwork and hardwood floors; Recent interior paint refresh
