Duplex with Month-to-Month
For Sale
$249,000
701 Desoto Street, Saint Paul, MN 55130
Residential Income, Saint Paul, MN
Property Size1,519 SF
Lot Size0.05 Acres
Price / SF$163.92
Days on Market204
Property Features for 701 Desoto Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Basement, Bathroom 1
Fencing
Chain Link
Lot features
Corner Lot
High school district
St. Paul
Directions
Edgerton to Minnehaha. West to Desoto, then south
Standard status
Active
APN
322922220025
Size
1,519 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4982
Utilities
Heating system
Forced Air
Building Details
Year built
1887
Listing Agency:
Keller Williams Classic Rlty NW · Keller Williams Realty
(763) 463-7500
Listed By:
Ashley Trulson
(763) 657-4444
Added: Mar 30
Changed: Oct 16
Last Checked: Oct 19 at 6:06AM
MLS# 7044104
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 1,519-square-foot duplex dates to 1887 and sits on a 0.05-acre lot. The room information identifies six bedrooms and two bathrooms. Heating is provided by a forced-air system, and the property has chain-link fencing.
One unit is vacant; the other has a month-to-month tenant. This arrangement provides a mix of vacant and occupied space at the property.
One unit is vacant; the other has a month-to-month tenant. This arrangement provides a mix of vacant and occupied space at the property.
Key Highlights
- 1,519 square feet on a 0.05‑acre lot
- Built in 1887
- Six bedrooms and two bathrooms
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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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
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 - One residence is vacant, while the second is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 701 Desoto Street 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: 1,519 square feet on a 0.05‑acre lot; Built in 1887; Six bedrooms and two bathrooms
