Up/Down Duplex with
For Sale
$370,000
429 5th Ave S, South Saint Paul, MN 55075
Fully rented two-unit property with updated interiors, private patio areas, and a fenced backyard near parks and local dining.
Property Size1,442 SF
Price / SF$256.59
Days on Market60
Property Features for 429 5th Ave S
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Victoria De La Mora
(952) 564-7857
Source:
Searchhousesnow
Added: Aug 18
Changed: Sep 12
Last Checked: Oct 7 at 3:11PM
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 up-and-down duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. The main-level unit has natural hardwood flooring, an updated kitchen, and a recently renovated bathroom. The upper residence provides two spacious bedrooms and a bright interior. Both units share access to a fully fenced backyard, with a dedicated patio area assigned to each residence.
A full unfinished basement adds storage and future finishing potential. Built in 1940, the property is currently fully rented and located near Roosevelt Field Park, additional neighborhood parks, the river, and local dining. Major highways are also readily accessible from the property.
A full unfinished basement adds storage and future finishing potential. Built in 1940, the property is currently fully rented and located near Roosevelt Field Park, additional neighborhood parks, the river, and local dining. Major highways are also readily accessible from the property.
Key Highlights
- Two‑unit up/down duplex with 1,442 SF
- Each unit includes 2 Bed / 1 Bath
- Main level features natural hardwood floors, an updated kitchen, and a newly renovated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,069
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,380
$421.4K
Cap Rate 7%
$300,986
$301.0K
Cap Rate 9%
$234,100
$234.1K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$32.0K $22.20/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$30.1K $20.87/SF
− OpEx
−$9.0K −$6.26/SF
NOI
$21.1K $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%
$421,380
Cap Rate 7%
$300,986
Cap Rate 9%
$234,100
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,069 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$276.4K
$241.9K – $322.5K
NOI $19,351 @ 7.0% cap · market cap 5.23%
Theoretical Best
Healthcare Medical
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
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Business Placement
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
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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 - Fully rented two-unit property with updated interiors, private patio areas, and a fenced backyard near parks and local dining.
Where is this duplex located?
The property is located at 429 5th Ave S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit up/down duplex with 1,442 SF; Each unit includes 2 Bed / 1 Bath; Main level features natural hardwood floors, an updated kitchen, and a newly renovated bathroom
