Building Details

Year Built 1958

Listing Agency: Real Broker, LLC

Listed By: Adam Tafel Show Phone

Source: Chrisfritchteam

Added: Sep 13 Changed: Oct 25 Last Checked: Oct 7 at 4:21PM

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Investment Insights

Based on property information with market context.

Built in 1958, this 2804-square-foot triplex includes three distinct residential units: a main-level three-bedroom unit, a two-bedroom unit, and a one-bedroom unit. The largest residence has a two-car attached garage and a layout suited to single-level living. The additional units provide walkout access to the property's large private backyard.

A detached rear garage adds storage space and another functional improvement to the property. Located at 6193 49th St N in Oakdale, the asset combines varied unit configurations with attached and detached garage space across an established residential setting.

Key Highlights

• Three‑unit property with 3‑bedroom, 2‑bedroom, and 1‑bedroom residences
• 2804 SF building constructed in 1958
• Main‑level 3‑bedroom unit includes a 2‑car attached garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,726

Cap Rate

7.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,520 $734.5K

Cap Rate 7%

$524,657 $524.7K

Cap Rate 9%

$408,067 $408.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,804 SF

Gross rent

$55.5K $19.80/SF

− Vacancy

−$3.1K −$1.09/SF

EGI

$52.5K $18.71/SF

− OpEx

−$15.7K −$5.61/SF

NOI

$36.7K $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%

$734,520

Cap Rate 7%

$524,657

Cap Rate 9%

$408,067

Alternative Uses

Best Use

Multifamily LT 5

$524.7K

$459.1K – $612.1K (±1% cap)

NOI $36,726 @ 7.0% cap · market cap 7.73%

Second Best

Apartment 5plus

$487.2K

$426.3K – $568.5K (±1% cap)

NOI $34,107 @ 7.0% cap · market cap 7.18%

Theoretical Best

Office A

$778.9K

$681.5K – $908.7K (±1% cap)

NOI $54,521 @ 7.0% cap · market cap 11.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

299

Businesses Nearby

Explore this area Business Placement

Demographics for 55128, MN

29,217

Population

12,083

Households

2.4

Avg Household Size

39

Median Age

33%

College-Educated

93%

High-School Grad

11.2 sq mi

ZIP Area

2,609

Density / Sq Mi

$89,642

Median Household Income

$49,997

Median Earnings

$1,451

Median Rent

$300,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit residential property with varied layouts, garage parking, and access to a private backyard.

Where is this triplex located?

The property is located at 6193 49th St N Oakdale, MN.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Three‑unit property with 3‑bedroom, 2‑bedroom, and 1‑bedroom residences; 2804 SF building constructed in 1958; Main‑level 3‑bedroom unit includes a 2‑car attached garage