Duplex with One Vacant
For Sale
$249,000
701 Desoto St, Saint Paul, MN 55130
Duplex offering one available unit and one month-to-month tenancy.
Property Size1,519 SF
Price / SF$163.92
Days on Market85
Property Features for 701 Desoto St
General Information
Standard status
Active
Size
1,519 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1887
Listing Agency:
Keller Williams Classic Rlty NW
Listed By:
Ashley Trulson
(763) 290-8003
Source:
Homesminn
Added: Jul 25
Changed: Oct 17
Last Checked: Oct 7 at 1:57PM
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 Keller Williams Classic Rlty NW
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Investment Insights
Based on property information with market context.
This duplex presents a two-unit residential income property with different occupancy positions: one unit is vacant, while the other is occupied under a month-to-month lease.
The property is located at 701 Desoto St in Saint Paul, Minnesota.
The property is located at 701 Desoto St in Saint Paul, Minnesota.
Key Highlights
- Two‑unit duplex configuration
- One unit currently vacant
- Second unit leased month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,194
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,880
$443.9K
Cap Rate 7%
$317,057
$317.1K
Cap Rate 9%
$246,600
$246.6K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$33.7K $22.20/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$31.7K $20.87/SF
− OpEx
−$9.5K −$6.26/SF
NOI
$22.2K $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%
$443,880
Cap Rate 7%
$317,057
Cap Rate 9%
$246,600
Alternative Uses
Best Use
Multifamily LT 5
$317.1K
$277.4K – $369.9K
NOI $22,194 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$362.4K
$317.1K – $422.8K
NOI $25,368 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,245
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering one available unit and one month-to-month tenancy.
Where is this duplex located?
The property is located at 701 Desoto St Saint Paul, MN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; One unit currently vacant; Second unit leased month to month
