Renovated Duplex with Owner-Occupant
For Sale
$329,900
393 Geranium Ave E, Saint Paul, MN 55130
Updated interiors and a vacant unit provide flexible occupancy options for an owner-occupant or rental operator.
Property Size2,112 SF
Price / SF$156.20
Days on Market87
Property Features for 393 Geranium Ave E
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1917
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Lasha S Raddatz · License #20319973
(651) 955-8161
Source:
Bradadamrealty
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 7 at 4:18PM
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 Realty Integrity Lakes
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Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex in Saint Paul features extensively renovated interiors and a vacant unit, creating flexibility for an owner-occupant or rental use. The property also includes a non-conforming basement space that requires an egress window. It was previously operated as a short-term rental, with income history associated with the property.
The home is located at 393 Geranium Ave E near parks, shopping, dining, downtown Saint Paul, Lake Phalen, and commuter routes. An oversized lot adds to the property's physical appeal, while subdivision potential has been identified subject to verification with the city of Saint Paul.
The home is located at 393 Geranium Ave E near parks, shopping, dining, downtown Saint Paul, Lake Phalen, and commuter routes. An oversized lot adds to the property's physical appeal, while subdivision potential has been identified subject to verification with the city of Saint Paul.
Key Highlights
- 2,112 SF duplex with extensively renovated interiors
- Vacant unit supports owner‑occupancy or rental flexibility
- Previously operated as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,342
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,840
$566.8K
Cap Rate 7%
$404,886
$404.9K
Cap Rate 9%
$314,911
$314.9K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$55.0K $26.04/SF
− Vacancy
−$3.5K −$1.64/SF
EGI
$51.5K $24.40/SF
− OpEx
−$23.2K −$10.98/SF
NOI
$28.3K $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%
$566,840
Cap Rate 7%
$404,886
Cap Rate 9%
$314,911
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,342 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$503.9K
$440.9K – $587.9K
NOI $35,272 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
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Business Placement
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
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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 - Updated interiors and a vacant unit provide flexible occupancy options for an owner-occupant or rental operator.
Where is this duplex located?
The property is located at 393 Geranium Ave E Saint Paul, MN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,112 SF duplex with extensively renovated interiors; Vacant unit supports owner‑occupancy or rental flexibility; Previously operated as a short‑term rental
