Side-by-Side
For Sale
$379,900
507 10th Avenue S, South Saint Paul, MN 55075
Residential Income, South Saint Paul, MN
Property Size2,184 SF
Lot Size0.18 Acres
Price / SF$173.95
Days on Market51
Property Features for 507 10th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Basement
Parking features
Driveway, Garage - Detached, Open
Exterior features
Stucco
Subdivision
Glenview Park
High school district
South St. Paul
Directions
Southview Blvd to 10th Ave- South to Property
Standard status
Active
APN
363025001022
Size
2,184 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6580
Utilities
Heating system
Forced Air
Amenities
hardwood floors
central AC
private laundry
Building Details
Year built
1966
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 698-8006
Listed By:
Michael D Blaeser · License #20183908
(952) 829-2900
Added: Aug 7
Changed: Sep 24
Last Checked: Sep 26 at 5:06AM
MLS# 7123852
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 2,184-square-foot side-by-side duplex, built in 1966, offers two bedrooms per unit along with hardwood flooring, central AC, and private laundry for each residence. Separate utilities serve the units. Each side also includes a lower level ranging from unfinished to partially finished, providing additional interior area for future completion. The property has forced-air heating, stucco exterior construction, and a shingle roof described as approximately 8 years old.
A detached two-car garage provides two separate stalls, complemented by additional off-street parking on the 0.1833-acre lot. The duplex is positioned on a cul-de-sac near shopping, bus service, and freeway access. Its configuration supports either an owner-occupied arrangement or continued use as a two-unit residential income property.
A detached two-car garage provides two separate stalls, complemented by additional off-street parking on the 0.1833-acre lot. The duplex is positioned on a cul-de-sac near shopping, bus service, and freeway access. Its configuration supports either an owner-occupied arrangement or continued use as a two-unit residential income property.
Key Highlights
- 2,184‑square‑foot side‑by‑side duplex with two bedrooms per unit
- Each unit has private laundry and separate utilities
- Central AC, hardwood floors, and forced‑air heating
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
$31,910
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
8.40%
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%
$638,200
$638.2K
Cap Rate 7%
$455,857
$455.9K
Cap Rate 9%
$354,556
$354.6K
Market Conditions
NOI Build-Up for 2,184 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
$48.5K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$45.6K $20.87/SF
− OpEx
−$13.7K −$6.26/SF
NOI
$31.9K $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%
$638,200
Cap Rate 7%
$455,857
Cap Rate 9%
$354,556
Alternative Uses
Best Use
Multifamily LT 5
$455.9K
$398.9K – $531.8K
NOI $31,910 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$418.7K
$366.4K – $488.5K
NOI $29,309 @ 7.0% cap · market cap 7.71%
Theoretical Best
Healthcare Medical
$537.5K
$470.3K – $627.0K
NOI $37,622 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
449
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-bedroom units include private laundry, central AC, and separate utilities.
Where is this duplex located?
The property is located at 507 10th Avenue S South Saint Paul, MN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,184‑square‑foot side‑by‑side duplex with two bedrooms per unit; Each unit has private laundry and separate utilities; Central AC, hardwood floors, and forced‑air heating
