Renovated Duplex with Updated
For Sale
$359,500
597 Virginia Street, Saint Paul, MN 55103
Residential Income, Saint Paul, MN
Property Size2,026 SF
Lot Size0.12 Acres
Price / SF$177.44
Days on Market322
Property Features for 597 Virginia Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Basement, Laundry Room, Bathroom 2, Bedroom 5
Parking features
On Street
Subdivision
Warren & Rices Addition, To Sa
Lot features
Corner Lot
High school district
St. Paul
Directions
94 to Dale, North on Dale St, East on Thomas Ave, South on Virginia St.
Standard status
Active
APN
362923130039
Size
2,026 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5434
Utilities
Heating system
Oil
Building Details
Year built
1900
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-5252
Listed By:
William Schultz
(651) 216-6814
Added: Nov 25, 2025
Changed: Oct 10
Last Checked: Oct 13 at 2:06AM
MLS# 6819684
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 2,026-square-foot duplex, built in 1900, contains two units on a 0.121-acre lot. Both have updated kitchens and bathrooms. The upper unit’s kitchen was renovated in 2020, and the bathrooms and granite countertops were updated in 2023. A third bedroom was added to the lower unit.
Exterior work in 2022 included a new roof, siding, and soft metal, with gutter covers also installed. PEX water lines were added to the kitchens and bathrooms in 2023. The lower unit has three newer windows; interior paint and ceiling repairs were completed in the upper unit in 2024 and the lower unit in 2025. Both leases are month-to-month. Heating is oil, and parking is on street.
Exterior work in 2022 included a new roof, siding, and soft metal, with gutter covers also installed. PEX water lines were added to the kitchens and bathrooms in 2023. The lower unit has three newer windows; interior paint and ceiling repairs were completed in the upper unit in 2024 and the lower unit in 2025. Both leases are month-to-month. Heating is oil, and parking is on street.
Key Highlights
- Two‑unit duplex with 2,026 square feet on a 0.121‑acre lot
- Lower unit includes a third bedroom
- Upper‑unit kitchen renovated in 2020; bathrooms and granite countertops updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,601
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,020
$592.0K
Cap Rate 7%
$422,871
$422.9K
Cap Rate 9%
$328,900
$328.9K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$45.0K $22.20/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$42.3K $20.87/SF
− OpEx
−$12.7K −$6.26/SF
NOI
$29.6K $14.61/SF
Area
Ramsey 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 Rate 5%
$592,020
Cap Rate 7%
$422,871
Cap Rate 9%
$328,900
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,601 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Month-to-month leases provide flexibility for future occupancy or rental arrangements.
Where is this duplex located?
The property is located at 597 Virginia Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $359,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,026 square feet on a 0.121‑acre lot; Lower unit includes a third bedroom; Upper‑unit kitchen renovated in 2020; bathrooms and granite countertops updated in 2023
