Side-by-Side Duplex with
New
For Sale
$379,900
507 10th Avenue S, South Saint Paul, MN 55075
MULTI_FAMILY - South Saint Paul, MN
Property Size2,184 SF
Lot Size0.18 Acres
Price / SF$173.95
Days on Market5
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 4, Bedroom 2, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
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
unfinished to partially finished lower levels
extra off street parking
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: Aug 10
Last Checked: Aug 11 at 10:06PM
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.
Located at 507 10th Avenue S in South Saint Paul, this side-by-side duplex contains 2,184 square feet on a 0.1833-acre lot and was built in 1966. Each residence includes two bedrooms, hardwood floors, central AC, a private laundry area, and a lower level that ranges from unfinished to partially finished. Separate utilities serve the two units.
The property includes a detached two-car garage with two individual stalls, along with driveway and additional open parking. A shingle roof was replaced approximately 8 years ago, and the exterior is stucco with forced-air heat. Positioned on a cul-de-sac near shopping, bus service, and freeway access, the property also offers convenient connections to the surrounding South Saint Paul area.
The property includes a detached two-car garage with two individual stalls, along with driveway and additional open parking. A shingle roof was replaced approximately 8 years ago, and the exterior is stucco with forced-air heat. Positioned on a cul-de-sac near shopping, bus service, and freeway access, the property also offers convenient connections to the surrounding South Saint Paul area.
Key Highlights
- Side‑by‑side duplex with 2,184 square feet of building area
- Two 2‑bedroom units, each with private laundry and separate utilities
- 0.1833‑acre lot in South Saint Paul
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer private laundry, separate utilities, hardwood flooring, and lower-level expansion potential.
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: Side‑by‑side duplex with 2,184 square feet of building area; Two 2‑bedroom units, each with private laundry and separate utilities; 0.1833‑acre lot in South Saint Paul
