Two-Unit Duplex with Hardwood
For Sale
$250,000
375 Erie Street, Saint Paul, MN 55102
Residential Income, Saint Paul, MN
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$173.61
Days on Market50
Property Features for 375 Erie Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 4, Laundry Room, Bedroom 1
Parking features
On Street
Patio and Porch features
Deck
Fencing
Chain Link
Subdivision
Stinson & Ramseys Sub W1/2 B16
Lot features
Tree Coverage - Light
High school district
St. Paul
Directions
From 7th St W/Fort Rd Turn right onto Jefferson Ave Turn right onto Erie St
Standard status
Active
APN
122823230012
Size
1,440 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4026
Utilities
Heating system
Forced Air
Building Details
Year built
1885
Building materials
Block, Concrete
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Adam Tafel
(612) 600-6000
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 22 at 2:06AM
MLS# 7136357
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.
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Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex contains two residential units, each with living areas, a kitchen, and bedrooms. Hardwood floors and original woodwork remain among the interior features, and the rooms were recently painted. The property dates to 1885 and has forced-air heating.
The 0.114-acre parcel includes a deck, chain-link fencing, and on-street parking. Laundry and basement areas are also listed among the property’s rooms.
The 0.114-acre parcel includes a deck, chain-link fencing, and on-street parking. Laundry and basement areas are also listed among the property’s rooms.
Key Highlights
- Two‑unit duplex with 1,440 square feet of building area
- 0.114‑acre parcel
- Built in 1885
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
794
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Recent interior painting complements the hardwood flooring and original wood detailing.
Where is this duplex located?
The property is located at 375 Erie Street 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: Two‑unit duplex with 1,440 square feet of building area; 0.114‑acre parcel; Built in 1885
