Duplex with Mississippi River
721 5th Avenue N, Saint Cloud, MN 56303
For Sale
New
$315,000
Residential Income, Saint Cloud, MN
Property Size1,875 SF
Lot Size0.20 Acres
Price / SF$168
Days on Market6
Property Features for 721 5th Avenue N
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
Mississippi River view
private laundry
backyard
outdoor sitting area
Building Details
Year built
Building materials
Roof type
Listing Agency:
Century 21 First Realty, Inc. · Century 21 Real Estate
Listed By:
Mark Hoffmann · License #MN40676369
(320) 252-4908
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 7 at 11:06AM
MLS# 7166111
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 1,875-square-foot duplex, built in 1947, contains an upper-level apartment and a separate two-level residence. Both units have updated windows, tiled floors, and custom cabinetry. The larger unit includes private laundry, and the backyard has a sitting area among granite boulders.
The property occupies 0.2 acres in Saint Cloud, with Mississippi River views and proximity to a hospital. Parking features include a driveway, covered parking, a parking lot, and a garage.
The property occupies 0.2 acres in Saint Cloud, with Mississippi River views and proximity to a hospital. Parking features include a driveway, covered parking, a parking lot, and a garage.
Key Highlights
- Mississippi River views
- Two residences: an upper‑level apartment and a two‑level unit
- Both units have updated windows, tiled floors, and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,395
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,900
$547.9K
Cap Rate 7%
$391,357
$391.4K
Cap Rate 9%
$304,389
$304.4K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$41.6K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$39.1K $20.87/SF
− OpEx
−$11.7K −$6.26/SF
NOI
$27.4K $14.61/SF
Area
Sherburne 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%
$547,900
Cap Rate 7%
$391,357
Cap Rate 9%
$304,389
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$447.3K
$391.4K – $521.9K
NOI $31,314 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
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Business Placement
Demographics for 56303, MN
27,305
Population
11,760
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
2,482
Density / Sq Mi
$66,789
Median Household Income
$39,167
Median Earnings
$1,001
Median Rent
$197,900
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 - Two residences include an upper-level apartment and a two-level unit with private laundry.
Where is this duplex located?
The property is located at 721 5th Avenue N Saint Cloud, MN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Mississippi River views; Two residences: an upper‑level apartment and a two‑level unit; Both units have updated windows, tiled floors, and custom cabinetry
