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Two-Unit Up-and-Down Duplex

429 5th Avenue S, South Saint Paul, MN 55075

For Sale
$350,000

Residential Income, South Saint Paul, MN

Property Size1,442 SF
Lot Size0.11 Acres
Price / SF$242.72
Days on Market90

Property Features for 429 5th Avenue S

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bedroom 3
Parking features Garage - Detached, Driveway
Subdivision Riverside Park Add
High school district South St. Paul
Directions From Hwy 52 take exit 126 Southview Blvd. Turn left onto Mendota Rd. Turn right onto Southview Blvd. Turn right onto Fifth Ave S. Destination on your left
Standard status Active
APN 366430010080
Size 1,442 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 4462

Utilities

Heating system Forced Air

Amenities

fenced backyard
patio
unfinished basement

Building Details

Year built 1940
Building materials Frame
Buildings 1
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Victoria De La Mora
Added: Aug 14 Changed: Nov 10 Last Checked: Nov 11 at 3:06AM
MLS# 7127510

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 1,442-square-foot duplex has an upper-and-lower layout, with each residence configured with two bedrooms and one bathroom. The main-level unit features hardwood floors, an updated kitchen, and a renovated bathroom. Both units have access to a fenced backyard with separate patio areas. A full unfinished basement, detached garage, and driveway are also part of the property. Built in 1940, the home sits on a 0.114-acre lot.

Roosevelt Field Park is nearby, along with other neighborhood parks, the river, and local dining. Major highway access is also available nearby.

Key Highlights

  • Two‑unit duplex with two bedrooms and one bathroom in each residence
  • 1,442 square feet on a 0.114‑acre lot
  • Main‑level unit has hardwood floors, an updated kitchen, and a renovated bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$21,069
Cap Rate
6.02%
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 (±1% cap)
NOI $21,069 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$276.4K
$241.9K – $322.5K (±1% cap)
NOI $19,351 @ 7.0% cap · market cap 5.53%
Theoretical Best
Healthcare Medical
$354.9K
$310.5K – $414.0K (±1% cap)
NOI $24,840 @ 7.0% cap · market cap 7.10%
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
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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
View Realmo Analytics

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 - Separate patio areas, a fenced yard, detached garage, driveway, and unfinished basement complement the two-unit layout.
Where is this duplex located?
The property is located at 429 5th Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom in each residence; 1,442 square feet on a 0.114‑acre lot; Main‑level unit has hardwood floors, an updated kitchen, and a renovated bathroom
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