Residential Income
For Sale
$355,000
595 Syndicate Street N, Saint Paul, MN 55104
The property carries Residential-Multi-Family zoning.
Property Size1,872 SF
Price / SF$189.64
Days on Market21
Property Features for 595 Syndicate Street N
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Residential Income
Zoning
Residential-Multi-Family
Taxes and HOA fees
Annual Taxes
$7,426
Amenities
Natural Gas
Storage Space, Unfinished
Building Details
Building Size
1,872 SF
Year Built
1926
Stories
2
Listed By:
Linda Alter
(651) 248-6060
Source:
Evrealestate
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 20 at 8:28PM
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 Linda Alter
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Investment Insights
Based on property information with market context.
This residential income property was built in 1926 and includes natural gas service and unfinished storage space. Its recorded property size is 1,872; no measurement unit is specified.
The property sits at the corner of Thomas Avenue and Syndicate Street in Saint Paul, Minnesota.
The property sits at the corner of Thomas Avenue and Syndicate Street in Saint Paul, Minnesota.
Key Highlights
- Residential‑Multi‑Family zoning
- Built in 1926
- Natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,122
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,440
$502.4K
Cap Rate 7%
$358,886
$358.9K
Cap Rate 9%
$279,133
$279.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$48.7K $26.04/SF
− Vacancy
−$3.1K −$1.64/SF
EGI
$45.7K $24.40/SF
− OpEx
−$20.6K −$10.98/SF
NOI
$25.1K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,440
Cap Rate 7%
$358,886
Cap Rate 9%
$279,133
Alternative Uses
Best Use
Apartment 5plus
$358.9K
$314.0K – $418.7K
NOI $25,122 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.6K
$390.8K – $521.1K
NOI $31,263 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The property carries Residential-Multi-Family zoning.
Where is this residential income property located?
The property is located at 595 Syndicate Street N Saint Paul, MN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Residential‑Multi‑Family zoning; Built in 1926; Natural gas service
