Remodeled 4-Unit Multifamily
758 Reaney Avenue, Saint Paul, MN 55106
For Sale
$650,000
Four three-bedroom residences are vacant, allowing leasing to begin with new occupants.
Property Size3,748 SF
Price / SF$173.43
Days on Market18
Property Features for 758 Reaney Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Full,Other,Unfinished
4
Yes
12
3748
City Water/Connected
0.12
regular
No
1874
Detached Garage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(612) 656-1200
Listed By:
Chris Scanlon
Source:
Imetroproperty
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 3:08PM
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 Chris Scanlon
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Investment Insights
Based on property information with market context.
This 3,748-square-foot fourplex contains four three-bedroom units and is currently vacant. The residences have been remodeled, and shared interior areas have new paint and carpet. A detached garage is also part of the property. Built in 1926, the building sits on a 0.12-acre parcel in Saint Paul.
Key Highlights
- Four vacant units, each with 3 bedrooms
- 3,748‑square‑foot building on a 0.12‑acre parcel
- Remodeled residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,761
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,220
$1.1M
Cap Rate 7%
$782,300
$782.3K
Cap Rate 9%
$608,456
$608.5K
Market Conditions
NOI Build-Up for 3,748 SF
Gross rent
$83.2K $22.20/SF
− Vacancy
−$5.0K −$1.33/SF
EGI
$78.2K $20.87/SF
− OpEx
−$23.5K −$6.26/SF
NOI
$54.8K $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%
$1,095,220
Cap Rate 7%
$782,300
Cap Rate 9%
$608,456
Alternative Uses
Best Use
Multifamily LT 5
$782.3K
$684.5K – $912.7K
NOI $54,761 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$718.5K
$628.7K – $838.3K
NOI $50,297 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$894.2K
$782.4K – $1.04M
NOI $62,594 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Explore this area
Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences are vacant, allowing leasing to begin with new occupants.
Where is this quadplex located?
The property is located at 758 Reaney Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four vacant units, each with 3 bedrooms; 3,748‑square‑foot building on a 0.12‑acre parcel; Remodeled residential units
