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Two-Unit Duplex with Detached Garages

413 5th Avenue S, South Saint Paul, MN 55075

For Sale
New
$385,000

Residential Income, South Saint Paul, MN

Property Size2,364 SF
Lot Size0.11 Acres
Price / SF$162.86
Days on Market5

Property Features for 413 5th Avenue S

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Multi-Family, Residential-Single Family
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Laundry Room, Basement, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Parking features Garage - Detached
Subdivision Riverside Park Add
Lot features Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
High school district South St. Paul
Directions Take 494 east to 5th Ave S to Duplex on your right.
Standard status Active
APN 366430010040
Size 2,364 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 4646

Utilities

Heating system Forced Air

Building Details

Year built 1939
Listing Agency: Lakes Area Realty
Listed By: Douglas A Bredeson
Added: Nov 10 Changed: Nov 13 Last Checked: Nov 14 at 12:06AM
MLS# 7168633

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,364-square-foot duplex contains two units, each with two bedrooms, one bathroom, and a two-car detached garage. Forced-air heating serves the property, which was built in 1939. A drain tile system and sump pump are installed.

The 0.114-acre property is in South Saint Paul, with freeways, shopping, parks, restaurants, and retail services nearby.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bathroom
  • Each unit has a 2‑car detached garage
  • 2,364 square feet on a 0.114‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$34,540
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,800 $690.8K
Cap Rate 7%
$493,429 $493.4K
Cap Rate 9%
$383,778 $383.8K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$52.5K $22.20/SF
− Vacancy
−$3.1K −$1.33/SF
EGI
$49.3K $20.87/SF
− OpEx
−$14.8K −$6.26/SF
NOI
$34.5K $14.61/SF
Area
Dakota 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%
$690,800
Cap Rate 7%
$493,429
Cap Rate 9%
$383,778

Alternative Uses

Best Use
Multifamily LT 5
$493.4K
$431.8K – $575.7K (±1% cap)
NOI $34,540 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$453.2K
$396.6K – $528.7K (±1% cap)
NOI $31,724 @ 7.0% cap · market cap 8.24%
Theoretical Best
Healthcare Medical
$581.7K
$509.0K – $678.7K (±1% cap)
NOI $40,722 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

Demographics for 55075, MN

20,749
Population
8,460
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
3,705
Density / Sq Mi
$84,573
Median Household Income
$48,724
Median Earnings
$1,128
Median Rent
$267,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Dakota County, MN

$187 Jul
$181 Aug
$183 Sep
$183 Oct

Properties on Market for Duplexes in Dakota County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences include two bedrooms, one bathroom, and a private two-car garage.
Where is this duplex located?
The property is located at 413 5th Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Each unit has a 2‑car detached garage; 2,364 square feet on a 0.114‑acre lot
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