Residential Income Duplex
For Sale
$489,999
671 & 673 N Bedford St and 530 Beaumont St E, Saint Paul, MN 55130
Residential income duplexes offered for sale at multiple Saint Paul addresses, suitable for owner-occupiers and investors seeking rental housing.
Property Size2,352 SF
Days on Market56
Property Features for 671 & 673 N Bedford St and 530 Beaumont St E
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multifamily
Building Details
Building Size
2,352 SF
Year Built
1874
Listing Agency:
Results Commercial
(651) 755-2068
Listed By:
Mark Hulsey · License #40169559
Source:
Resultscommercial
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 19 at 6:20AM
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 Results Commercial
Investment Insights
Based on property information with market context.
This for-sale portfolio includes residential income duplex properties. The offering comprises buildings at 671 & 673 N Bedford St and 530 Beaumont St E in Saint Paul, MN 55130.
The listing is presented for review with a rent roll and related expense information available through the listing brokers. To schedule a tour, 48 hours’ notice is required.
For investors and owner-occupiers looking for income-producing residential assets, these duplex buildings offer a practical structure for generating rental revenue. Prospective buyers should evaluate the provided rent roll, expense details, and the property units during their due diligence. Contact the listing brokers to request the rent roll and to arrange a showing with the required notice period.
The listing is presented for review with a rent roll and related expense information available through the listing brokers. To schedule a tour, 48 hours’ notice is required.
For investors and owner-occupiers looking for income-producing residential assets, these duplex buildings offer a practical structure for generating rental revenue. Prospective buyers should evaluate the provided rent roll, expense details, and the property units during their due diligence. Contact the listing brokers to request the rent roll and to arrange a showing with the required notice period.
Key Highlights
- Residential income duplexes for sale at multiple Saint Paul addresses
- Year built: 1874
- Price reduced to $499,999
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
$34,364
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
7.01%
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%
$687,280
$687.3K
Cap Rate 7%
$490,914
$490.9K
Cap Rate 9%
$381,822
$381.8K
Market Conditions
NOI Build-Up for 2,352 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
$52.2K $22.20/SF
− Vacancy
−$3.1K −$1.33/SF
EGI
$49.1K $20.87/SF
− OpEx
−$14.7K −$6.26/SF
NOI
$34.4K $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%
$687,280
Cap Rate 7%
$490,914
Cap Rate 9%
$381,822
Alternative Uses
Best Use
Multifamily LT 5
$490.9K
$429.6K – $572.7K
NOI $34,364 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$450.9K
$394.5K – $526.1K
NOI $31,563 @ 7.0% cap · market cap 6.44%
Theoretical Best
Healthcare Medical
$578.8K
$506.5K – $675.3K
NOI $40,516 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
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 - Residential income duplexes offered for sale at multiple Saint Paul addresses, suitable for owner-occupiers and investors seeking rental housing.
Where is this duplex located?
The property is located at 671 & 673 N Bedford St and 530 Beaumont St E Saint Paul, MN.
What is the asking price?
The asking price for this property is $489,999.
What are key features of this property?
This property features: Residential income duplexes for sale at multiple Saint Paul addresses; Year built: 1874; Price reduced to $499,999
