Two-Unit Residential
New
For Sale
$449,900
757 Laurel Avenue, Saint Paul, MN 55104
MULTI_FAMILY - Saint Paul, MN
Property Size3,071 SF
Lot Size0.11 Acres
Price / SF$146.50
Days on Market6
Property Features for 757 Laurel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Single Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
On Street
Exterior features
Engineered Wood, Metal
Fencing
Chain Link
Subdivision
Nininger & Donnellys, Addition
High school district
St. Paul
Directions
94 to Dale South to Laurel West 3 blocks to home
Standard status
Active
APN
022823120210
Size
3,071 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10724
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(763) 591-6000
Listed By:
Kerby & Cristina Real Estate Experts
(952) 829-2900
Added: Aug 6
Changed: Aug 8
Last Checked: Aug 11 at 8:06PM
MLS# 7122098
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.
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains 3,071 square feet across two residences. The main-level unit provides two bedrooms and one bathroom, while the upper-level residence includes four bedrooms and two bathrooms. The property also includes a basement, shingle roofing, chain-link fencing, and on-street parking. Exterior materials include engineered wood and metal, with block and frame construction and hot-water heating.
The property is located at 757 Laurel Avenue in Saint Paul’s 55104 ZIP code, on a tree-lined street near downtown Saint Paul. Parks, shopping, dining, public transportation, and major commuter routes are identified nearby. The 0.109-acre parcel is in Ramsey County.
The property is located at 757 Laurel Avenue in Saint Paul’s 55104 ZIP code, on a tree-lined street near downtown Saint Paul. Parks, shopping, dining, public transportation, and major commuter routes are identified nearby. The 0.109-acre parcel is in Ramsey County.
Key Highlights
- Two‑unit duplex with a 2‑bedroom, 1‑bath main‑level residence and a 4‑bedroom, 2‑bath upper‑level residence
- 3,071 square feet across the property
- Built in 1900 with block and frame construction
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
$41,212
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
9.16%
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%
$824,240
$824.2K
Cap Rate 7%
$588,743
$588.7K
Cap Rate 9%
$457,911
$457.9K
Market Conditions
NOI Build-Up for 3,071 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
$80.0K $26.04/SF
− Vacancy
−$5.0K −$1.64/SF
EGI
$74.9K $24.40/SF
− OpEx
−$33.7K −$10.98/SF
NOI
$41.2K $13.42/SF
Area
Dakota 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 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%
$824,240
Cap Rate 7%
$588,743
Cap Rate 9%
$457,911
Alternative Uses
Best Use
Multifamily LT 5
$641.0K
$560.9K – $747.8K
NOI $44,869 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$588.7K
$515.2K – $686.9K
NOI $41,212 @ 7.0% cap · market cap 9.16%
Theoretical Best
Healthcare Medical
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
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
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 - Separate residences offer a two-bedroom layout and a larger four-bedroom configuration across the upper levels.
Where is this duplex located?
The property is located at 757 Laurel Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath main‑level residence and a 4‑bedroom, 2‑bath upper‑level residence; 3,071 square feet across the property; Built in 1900 with block and frame construction
