Four-Unit Property with New
429 Mount Ida St, Saint Paul, MN 55130
For Sale
$499,900
Income-producing residential property with established occupancy and a recently updated roof and gutter system.
Property Size3,288 SF
Price / SF$152.04
Days on Market62
Property Features for 429 Mount Ida St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams Premier Realty
Listed By:
Thomas Geisler
(612) 385-0122
Source:
Putyourrootsdown
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:01PM
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 Premier Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property measures 3,288 square feet and includes a recently installed roof and gutters completed in 2025. The property has long-term tenants and a stabilized rent roll that combines self-pay and voucher-assisted income. One unit is expected to become available October 1, creating potential for an owner occupant while the remaining units continue generating rental income.
The property is located in Railroad Island near the Village on Rivoli, Rivoli Bluff urban farm and orchard, Swede Hollow Park, and the Bruce Vento Trail. The basement may offer possibilities for additional storage or bedroom space, while the top-floor units may have potential for added bedrooms, subject to egress requirements and City of Saint Paul permitting.
The property is located in Railroad Island near the Village on Rivoli, Rivoli Bluff urban farm and orchard, Swede Hollow Park, and the Bruce Vento Trail. The basement may offer possibilities for additional storage or bedroom space, while the top-floor units may have potential for added bedrooms, subject to egress requirements and City of Saint Paul permitting.
Key Highlights
- Four‑unit residential property totaling 3,288 square feet
- New roof and new gutters completed in 2025
- Long‑term tenants and stabilized rent roll
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,124
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,480
$882.5K
Cap Rate 7%
$630,343
$630.3K
Cap Rate 9%
$490,267
$490.3K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$85.6K $26.04/SF
− Vacancy
−$5.4K −$1.64/SF
EGI
$80.2K $24.40/SF
− OpEx
−$36.1K −$10.98/SF
NOI
$44.1K $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%
$882,480
Cap Rate 7%
$630,343
Cap Rate 9%
$490,267
Alternative Uses
Best Use
Multifamily LT 5
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$630.3K
$551.6K – $735.4K
NOI $44,124 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 10.98%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,831
Businesses Nearby
Explore this area
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
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with established occupancy and a recently updated roof and gutter system.
Where is this quadplex located?
The property is located at 429 Mount Ida St Saint Paul, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four‑unit residential property totaling 3,288 square feet; New roof and new gutters completed in 2025; Long‑term tenants and stabilized rent roll
