Updated Duplex with Remodeled Lower
For Sale
$398,000
551 Pascal St N, Saint Paul, MN 55104
Two residential units include updated kitchens, refreshed baths, and flexible lower-level living space.
Property Size1,952 SF
Price / SF$203.89
Days on Market42
Property Features for 551 Pascal St N
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,494
Amenities
deck
patio
landscaped yard
garage
central air
heated floors
Building Details
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
BRIX Real Estate
(612) 840-0414
Listed By:
Sarah A Deziel
(612) 840-0414
Source:
Exprealty
Added: Jul 9
Changed: Aug 18
Last Checked: Aug 18 at 10:53AM
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 BRIX Real Estate
Investment Insights
Based on property information with market context.
This updated duplex offers 1,952 square feet across two well-appointed units. The upper unit includes one bedroom, abundant natural light, an updated kitchen, refreshed bath, and comfortable living areas. The lower unit features an updated kitchen with newer appliances, refreshed finishes, and access to a remodeled lower level with heated floors, family room, dedicated office, updated 3/4 bath, laundry, and generous storage.
Major improvements include a brand-new roof and water heater in 2026, updated venting, central air, remodeled kitchens and baths, fresh interior paint, new trim and blinds, and extensive exterior updates. Outdoor features include a deck, patio, landscaped yard, freshly painted garage, fencing, and exterior stairs. The property is on a sunny corner lot with southern exposure and is minutes from restaurants, shopping, transit, and downtown St. Paul.
Major improvements include a brand-new roof and water heater in 2026, updated venting, central air, remodeled kitchens and baths, fresh interior paint, new trim and blinds, and extensive exterior updates. Outdoor features include a deck, patio, landscaped yard, freshly painted garage, fencing, and exterior stairs. The property is on a sunny corner lot with southern exposure and is minutes from restaurants, shopping, transit, and downtown St. Paul.
Key Highlights
- 1,952‑square‑foot duplex with two residential units
- Lower level remodeled with heated floors, family room, office, 3/4 bath, laundry, and storage
- Upper unit includes one bedroom, updated kitchen, and refreshed bath
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
$28,520
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
7.17%
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%
$570,400
$570.4K
Cap Rate 7%
$407,429
$407.4K
Cap Rate 9%
$316,889
$316.9K
Market Conditions
NOI Build-Up for 1,952 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
$43.3K $22.20/SF
− Vacancy
−$2.6K −$1.33/SF
EGI
$40.7K $20.87/SF
− OpEx
−$12.2K −$6.26/SF
NOI
$28.5K $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%
$570,400
Cap Rate 7%
$407,429
Cap Rate 9%
$316,889
Alternative Uses
Best Use
Multifamily LT 5
$407.4K
$356.5K – $475.3K
NOI $28,520 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 6.58%
Theoretical Best
Healthcare Medical
$480.4K
$420.3K – $560.4K
NOI $33,625 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
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 residential units include updated kitchens, refreshed baths, and flexible lower-level living space.
Where is this duplex located?
The property is located at 551 Pascal St N Saint Paul, MN.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: 1,952‑square‑foot duplex with two residential units; Lower level remodeled with heated floors, family room, office, 3/4 bath, laundry, and storage; Upper unit includes one bedroom, updated kitchen, and refreshed bath
