Duplex with River
New
For Sale
$895,000
520 Main Street N, Stillwater, MN 55082
Both residences include in-unit laundry and an open-air porch overlooking Main Street and the St. Croix River.
Property Size2,238 SF
Lot Size0.33 Acres
Price / SF$399.91
Days on Market3
Property Features for 520 Main Street N
General Information
Standard status
Active
Size
2,238 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1898
Listing Agency:
Minnewaska Insurance & Real Es
Listed By:
Michael Bartus
(952) 400-7000
Source:
Hometwincities
Added: Oct 28
Last Checked: Oct 28 at 7:02AM
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 Minnewaska Insurance & Real Es
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Investment Insights
Based on property information with market context.
Built in 1898, this 2,238-square-foot duplex contains two residences, each with two bedrooms, one bathroom, laundry, and an open-air porch. The property has been renovated, and the porches face Main Street and the St. Croix River. The site measures approximately 1/3 acre and is located at 520 Main Street N in Stillwater. The property has served as a short-, mid-, and long-term rental over the years. Any future use or permitting should be confirmed with the City.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- 2,238 square feet in a building constructed in 1898
- Approximately 1/3‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,313
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,260
$586.3K
Cap Rate 7%
$418,757
$418.8K
Cap Rate 9%
$325,700
$325.7K
Market Conditions
NOI Build-Up for 2,238 SF
Gross rent
$44.3K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.9K $18.71/SF
− OpEx
−$12.6K −$5.61/SF
NOI
$29.3K $13.10/SF
Area
Washington County, MN
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,260
Cap Rate 7%
$418,757
Cap Rate 9%
$325,700
Alternative Uses
Best Use
Multifamily LT 5
$418.8K
$366.4K – $488.6K
NOI $29,313 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$388.9K
$340.3K – $453.7K
NOI $27,223 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$621.6K
$543.9K – $725.3K
NOI $43,515 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
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Business Placement
Demographics for 55082, MN
36,441
Population
15,493
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
97%
High-School Grad
79.2 sq mi
ZIP Area
460
Density / Sq Mi
$117,538
Median Household Income
$58,615
Median Earnings
$1,439
Median Rent
$459,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry and an open-air porch overlooking Main Street and the St. Croix River.
Where is this duplex located?
The property is located at 520 Main Street N Stillwater, MN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bath; 2,238 square feet in a building constructed in 1898; Approximately 1/3‑acre lot
