Updated Ramsey Hill
518 Laurel Avenue Saint Paul, MN 55102
For Sale
$995,000
MULTI_FAMILY - Saint Paul, MN
Property Size2,820 SF
Lot Size0.16 Acres
Price / SF$352.84
Days on Market491
Property Features for 518 Laurel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 8, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 7, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Parking features
- Assigned, Driveway
- Exterior features
- Vinyl
- Fencing
- Privacy
- Standard status
- Active
- APN
- 012823220230
- Size
- 2,820 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9467
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1911
- Roof type
- Flat
Listing Agency:
RE/MAX Results
(651) 552-3600
Listed By:
Christopher J Ames · License #710057
(952) 829-2900
Added: Mar 21, 2025
Changed: Jul 7
Last Checked: Jul 24 at 12:06PM
MLS# 6689608
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 Ramsey Hill fourplex includes two main-floor units and two upper units. Each unit has a deck, with views toward a park-like backyard area. The property features a shared laundry room in the lower level, and the remark notes updates completed over the last few years, including updated kitchens and ceramic bathrooms.
The building sits on a large lot with ample off-street parking. It is located across the street from McQuillan Park in Saint Paul, MN, providing an open, park-adjacent setting.
The layout and unit mix support multiple occupancy scenarios for an owner-occupant or an investor seeking a small multifamily asset. With decks, updated living spaces, and shared laundry facilities, the property may also appeal to those looking at short-term rental possibilities, based on the configuration described in the listing remarks.
The building sits on a large lot with ample off-street parking. It is located across the street from McQuillan Park in Saint Paul, MN, providing an open, park-adjacent setting.
The layout and unit mix support multiple occupancy scenarios for an owner-occupant or an investor seeking a small multifamily asset. With decks, updated living spaces, and shared laundry facilities, the property may also appeal to those looking at short-term rental possibilities, based on the configuration described in the listing remarks.
Key Highlights
- Fourplex in Ramsey Hill across the street from McQuillan Park
- Two main‑floor units and two upper units, each with decks overlooking the backyard
- Units updated over the last few years with updated ceramic bathrooms and updated kitchens
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $22.20 |
| − Vacancy | −$3.7k | −$1.33 |
| EGI | $58.9k | $20.87 |
| − OpEx | −$17.7k | −$6.26 |
| NOI | $41.2k | $14.61 |
2,820 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$588.6K
$515.0K – $686.7K
NOI $41,202 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$540.6K
$473.1K – $630.7K
NOI $37,844 @ 7.0% cap · market cap 3.80%
Theoretical Best
Healthcare Medical
$694.0K
$607.2K – $809.6K
NOI $48,577 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four separate units with updated interiors and decks, plus off-street parking and shared laundry.
Where is this quadplex located?
The property is located at 518 Laurel Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fourplex in Ramsey Hill across the street from McQuillan Park; Two main‑floor units and two upper units, each with decks overlooking the backyard; Units updated over the last few years with updated ceramic bathrooms and updated kitchens
