Duplex with Detached
For Sale
$300,000
380 Larpenteur Avenue E, Saint Paul, MN 55117
Residential Income, Saint Paul, MN
Property Size1,664 SF
Lot Size0.17 Acres
Price / SF$180.29
Days on Market49
Property Features for 380 Larpenteur Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1
Parking features
Garage - Detached
Subdivision
Clarkes 2nd Add
High school district
St. Paul
Directions
35E to Larpenteur. West on Larpenteur. Left on Western Ave N to first Home on Right.
Standard status
Active
APN
202922220011
Size
1,664 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6372
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1969
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
Listed By:
Thomas Geisler
(651) 379-1500
Added: Sep 5
Changed: Oct 20
Last Checked: Oct 23 at 9:06AM
MLS# 7136898
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 1,664-square-foot duplex, built in 1969, occupies a 0.173-acre lot. Both units have rear entrances and patio areas, with a six-foot fence enclosing the backyard. Each unit has a separate breaker panel, and the detached garage has its own electrical service. The garage includes an oversized two-car bay area and a lockable shop; half of the garage is currently rented to Unit 2. Rear parking accommodates five vehicles, in addition to a shared driveway.
Unit 2 has updated windows, kitchen cabinetry, tile flooring from the kitchen through the hallway, and carpet and paint refreshed at tenant turnover. Unit 1 receives county-assisted payments directly. The property offers access to 35E, Rice Street and Maplewood.
Unit 2 has updated windows, kitchen cabinetry, tile flooring from the kitchen through the hallway, and carpet and paint refreshed at tenant turnover. Unit 1 receives county-assisted payments directly. The property offers access to 35E, Rice Street and Maplewood.
Key Highlights
- 1,664‑square‑foot duplex on a 0.173‑acre lot
- Detached oversized two‑car garage with a lockable shop; half is currently rented to Unit 2
- Rear parking for five vehicles and a shared driveway
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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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
350
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units have separate rear entrances, private patio areas and use of a fenced backyard.
Where is this duplex located?
The property is located at 380 Larpenteur Avenue 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 on a 0.173‑acre lot; Detached oversized two‑car garage with a lockable shop; half is currently rented to Unit 2; Rear parking for five vehicles and a shared driveway
