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11-Unit Apartment Building
New
For Sale
$1,050,000

379 Cayuga St, Saint Paul, MN 55130

Efficiency apartments are supported by on-site coin-operated laundry and a side parking lot.

Property Size4,773 SF
Price / SF$219.99
Days on Market1

Property Features for 379 Cayuga St

General Information

Standard status Active
Size 4,773 SF

Units

Unit Mix 11 x efficiency
Multifamily Units 11

Amenities

laundry room

Building Details

Year Built 1969
Listing Agency: National Realty Guild
Listed By: Andrew Ryan Beitler
Source: Homesminn
Added: Oct 10 Last Checked: Sep 14 at 6:15AM

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 National Realty Guild

Investment Insights

Based on property information with market context.

Built in 1969, this Saint Paul apartment property contains 11 efficiency units. Residents have access to a shared laundry room with coin-operated washers and dryers, along with a large parking lot beside the building. Electric and gas service are separately metered, with tenants responsible for those utilities.

The current owner is interested in leasing the units from a new owner at market rates.

Key Highlights

  • 11 efficiency units
  • Built in 1969
  • Coin‑operated washer and dryer in the building laundry room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$64,052
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,040 $1.3M
Cap Rate 7%
$915,029 $915.0K
Cap Rate 9%
$711,689 $711.7K
Market Conditions
NOI Build-Up for 4,773 SF
Gross rent
$124.3K $26.04/SF
− Vacancy
−$7.8K −$1.64/SF
EGI
$116.5K $24.40/SF
− OpEx
−$52.4K −$10.98/SF
NOI
$64.1K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,040
Cap Rate 7%
$915,029
Cap Rate 9%
$711,689

Alternative Uses

Best Use
Apartment 5plus
$915.0K
$800.7K – $1.07M (±1% cap)
NOI $64,052 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.4K – $1.33M (±1% cap)
NOI $79,712 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Electrical Service HVAC Service Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

1,089
Businesses Nearby

Demographics for 55130, MN

18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Efficiency apartments are supported by on-site coin-operated laundry and a side parking lot.
Where is this apartment building located?
The property is located at 379 Cayuga St Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 11 efficiency units; Built in 1969; Coin‑operated washer and dryer in the building laundry room
More about this property
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