Duplex with Oversized
380 Larpenteur Ave E, Saint Paul, MN 55117
For Sale
$300,000
Rear-entry units offer private patios, a fenced backyard, and flexible garage space for parking, storage, or shop use.
Property Size1,664 SF
Price / SF$180.29
Days on Market62
Property Features for 380 Larpenteur Ave E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Amenities
patio
fenced backyard
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Premier Realty
Listed By:
Thomas Geisler
(612) 385-0122
Source:
Brickandbanister
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:16PM
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 Keller Williams Premier Realty
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Investment Insights
Based on property information with market context.
Built in 1969, this 1,664-square-foot duplex includes two rear-entry units, each with a private patio. The property sits behind the main road, with a six-foot fenced backyard and rear parking for up to five vehicles. An oversized two-car garage includes a lockable rear shop, separate electrical service, and space that can support parking, storage, or personal use. Half of the garage is currently rented to Unit 2.
The property is located at 380 Larpenteur Ave E in Saint Paul, with access to 35E, Rice Street, and Maplewood. Each unit has its own breaker panel. Unit 2 features updated windows, kitchen cabinetry, tile extending from the kitchen through the hallway, and newer paint and carpet installed at turnover. Unit 1 receives county-assisted payments directly.
The property is located at 380 Larpenteur Ave E in Saint Paul, with access to 35E, Rice Street, and Maplewood. Each unit has its own breaker panel. Unit 2 features updated windows, kitchen cabinetry, tile extending from the kitchen through the hallway, and newer paint and carpet installed at turnover. Unit 1 receives county-assisted payments directly.
Key Highlights
- 1,664‑square‑foot duplex built in 1969
- Oversized two‑car garage with a lockable rear shop and separate service
- Rear parking accommodates up to five vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,312
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,240
$486.2K
Cap Rate 7%
$347,314
$347.3K
Cap Rate 9%
$270,133
$270.1K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$36.9K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$34.7K $20.87/SF
− OpEx
−$10.4K −$6.26/SF
NOI
$24.3K $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%
$486,240
Cap Rate 7%
$347,314
Cap Rate 9%
$270,133
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.2K
NOI $24,312 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,330 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,790 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Paul, MN
Properties on Market for Duplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Rear-entry units offer private patios, a fenced backyard, and flexible garage space for parking, storage, or shop use.
Where is this duplex located?
The property is located at 380 Larpenteur Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,664‑square‑foot duplex built in 1969; Oversized two‑car garage with a lockable rear shop and separate service; Rear parking accommodates up to five vehicles
