Up/Down Duplex with Fenced
New
For Sale
$375,000
429 5th Avenue S, South Saint Paul, MN 55075
MULTI_FAMILY - South Saint Paul, MN
Property Size1,442 SF
Lot Size0.11 Acres
Price / SF$260.06
Days on Market1
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
Bedroom 2, Bedroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Parking features
Garage - Detached, Driveway
Exterior features
Stucco
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
fully fenced-in backyard
separate patio spaces
full unfinished basement
Building Details
Year built
1940
Building materials
Frame
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Victoria De La Mora
(612) 821-7400
Added: Aug 14
Last Checked: Aug 14 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This 1,442-square-foot duplex is arranged as two residential units, each with two bedrooms and one bathroom. The main-level unit includes hardwood flooring, an updated kitchen, and a renovated bathroom, while the upper unit provides two bedrooms and a bright interior layout. Both units open to a fully fenced backyard with separate patio areas. A full unfinished basement adds substantial storage or future improvement space. Built in 1940, the property has frame construction with stucco exterior finishes, forced-air heat, a detached garage, and a driveway. The 0.114-acre property is in South Saint Paul near Roosevelt Field Park, additional neighborhood parks, the river, local dining, and major highway access. It is currently fully rented.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 1,442 square feet on a 0.114‑acre lot
- Currently fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.62%
Second Best
Apartment 5plus
$276.4K
$241.9K – $322.5K
NOI $19,351 @ 7.0% cap · market cap 5.16%
Theoretical Best
Healthcare Medical
$354.9K
$310.5K – $414.0K
NOI $24,840 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with two two-bedroom, one-bath units and dedicated patio areas.
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 $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 1,442 square feet on a 0.114‑acre lot; Currently fully rented
