Short-Term Rental
For Sale
$464,900
677 Sherburne Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size1,866 SF
Lot Size0.10 Acres
Price / SF$249.14
Days on Market50
Property Features for 677 Sherburne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Basement, Bedroom 4, Bathroom 4, Laundry Room, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Garage - Detached
Patio and Porch features
Porch
Fencing
Chain Link
Subdivision
Chute Brothers Division, No 2
High school district
St. Paul
Directions
94 to Dale. North to Sherburne. West to home.
Standard status
Active
APN
352923140139
Size
1,866 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8777
Utilities
Heating system
Forced Air
Building Details
Year built
1886
Listing Agency:
RE/MAX Results · RE/MAX International
(763) 591-6000
Listed By:
Kerby & Cristina Real Estate Experts
(952) 829-2900
Added: Sep 3
Changed: Oct 17
Last Checked: Oct 22 at 2:06AM
MLS# 7132105
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.
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Investment Insights
Based on property information with market context.
This short-term rental property contains 1,866 square feet on a 0.099-acre lot. The room list includes four bedrooms and four bathrooms, along with a basement and laundry room. A detached garage, porch, and chain-link fence are also present. The home was built in 1886 and has a new roof, an updated furnace, and a newer water heater. It may be offered furnished or unfurnished.
The property is near downtown Saint Paul, the Green Line, Regions Hospital, Allianz Field, and the State Capitol. Heating is forced air.
The property is near downtown Saint Paul, the Green Line, Regions Hospital, Allianz Field, and the State Capitol. Heating is forced air.
Key Highlights
- 1,866 square feet on a 0.099‑acre lot
- Four bedrooms and four bathrooms listed
- Built in 1886; roof replaced, furnace updated, and water heater newer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,041
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,820
$500.8K
Cap Rate 7%
$357,729
$357.7K
Cap Rate 9%
$278,233
$278.2K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$48.6K $26.04/SF
− Vacancy
−$3.1K −$1.64/SF
EGI
$45.5K $24.40/SF
− OpEx
−$20.5K −$10.98/SF
NOI
$25.0K $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%
$500,820
Cap Rate 7%
$357,729
Cap Rate 9%
$278,233
Alternative Uses
Best Use
Apartment 5plus
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.2K
$389.5K – $519.4K
NOI $31,163 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
887
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - The four-bedroom, four-bathroom property includes a detached garage and porch.
Where is this short term rental property located?
The property is located at 677 Sherburne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 1,866 square feet on a 0.099‑acre lot; Four bedrooms and four bathrooms listed; Built in 1886; roof replaced, furnace updated, and water heater newer
