2-Unit Duplex with
768 Lafond Avenue, Saint Paul, MN 55104
For Sale
$275,000
Residents cover gas and electric service, handle seasonal property care, and share the detached garage.
Property Size1,552 SF
Price / SF$177.19
Days on Market57
Property Features for 768 Lafond Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Kris Lindahl Real Estate
Listed By:
Kris Lindahl · License #40577988
(763) 292-4455
Source:
Thinkhl
Added: Sep 14
Changed: Nov 7
Last Checked: Nov 8 at 12:38PM
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 Kris Lindahl Real Estate
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Investment Insights
Based on property information with market context.
This 1,552-square-foot duplex, built in 1886, contains two occupied units and a shared 2-car garage. The lower residence has a refreshed kitchen, in-unit laundry, an upgraded bathroom, new kitchen flooring, and fresh interior paint. Exterior improvements include newer windows and roof, along with recently applied paint. The upper unit has had the same resident for nearly 30 years.
The property is a few blocks from light rail and bus service, restaurants, entertainment, and Ryan Park. Residents pay gas and electric costs and take care of lawn maintenance and snow removal.
The property is a few blocks from light rail and bus service, restaurants, entertainment, and Ryan Park. Residents pay gas and electric costs and take care of lawn maintenance and snow removal.
Key Highlights
- Two occupied units in a 1,552‑square‑foot duplex built in 1886
- Upper unit resident has remained for nearly 30 years
- Shared 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,676
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,520
$453.5K
Cap Rate 7%
$323,943
$323.9K
Cap Rate 9%
$251,956
$252.0K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$34.5K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.4K $20.87/SF
− OpEx
−$9.7K −$6.26/SF
NOI
$22.7K $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%
$453,520
Cap Rate 7%
$323,943
Cap Rate 9%
$251,956
Alternative Uses
Best Use
Multifamily LT 5
$323.9K
$283.5K – $377.9K
NOI $22,676 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,827 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$370.3K
$324.0K – $432.0K
NOI $25,919 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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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
$290,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saint Paul, MN
Properties on Market for Duplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Residents cover gas and electric service, handle seasonal property care, and share the detached garage.
Where is this duplex located?
The property is located at 768 Lafond Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two occupied units in a 1,552‑square‑foot duplex built in 1886; Upper unit resident has remained for nearly 30 years; Shared 2‑car garage
