Side-by-Side
For Sale
$345,000
829 Brown Avenue, West Saint Paul, MN 55107
Residential Income, West Saint Paul, MN
Property Size1,842 SF
Lot Size0.72 Acres
Price / SF$187.30
Days on Market18
Property Features for 829 Brown Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Garage, Garage - Detached, Driveway
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
St. Paul
Directions
Annapolis, East of Robert, to Brown. North to property.
Standard status
Active
APN
082822430060
Size
1,842 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4954
Utilities
Heating system
Forced Air
Building Details
Year built
1937
Roof type
Shingle
Listing Agency:
Metzen Realty and Associates CO.
(651) 455-2214
Listed By:
Travis Metzen
(763) 521-9500
Added: Sep 11
Changed: Sep 24
Last Checked: Sep 28 at 3:06AM
MLS# 7139516
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.
This 1,842-square-foot duplex, built in 1937, consists of two side-by-side residences. Each unit has 2 bedrooms and 1 bathroom, along with hardwood floors, basement storage, and laundry. Separate electric meters serve the units. The property occupies a 0.72-acre lot with a detached garage and driveway parking.
Improvements include a roof replacement in 2018 and a chimney liner installed in 2023. The 829 unit received a water heater in 2022, while the 831 unit had new kitchen flooring installed in 2024.
The property offers access to parks, Robert Street, Highway 52, and downtown Saint Paul.
Improvements include a roof replacement in 2018 and a chimney liner installed in 2023. The 829 unit received a water heater in 2022, while the 831 unit had new kitchen flooring installed in 2024.
The property offers access to parks, Robert Street, Highway 52, and downtown Saint Paul.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,842 square feet on a 0.72‑acre lot
- Separate electric meters for the units
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
$26,913
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
7.80%
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%
$538,260
$538.3K
Cap Rate 7%
$384,471
$384.5K
Cap Rate 9%
$299,033
$299.0K
Market Conditions
NOI Build-Up for 1,842 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
$40.9K $22.20/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$38.4K $20.87/SF
− OpEx
−$11.5K −$6.26/SF
NOI
$26.9K $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 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%
$538,260
Cap Rate 7%
$384,471
Cap Rate 9%
$299,033
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.6K
NOI $26,913 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$353.1K
$309.0K – $412.0K
NOI $24,719 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$439.5K
$384.5K – $512.7K
NOI $30,762 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence has two bedrooms, one bathroom, basement storage, and laundry.
Where is this duplex located?
The property is located at 829 Brown Avenue West Saint Paul, MN.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,842 square feet on a 0.72‑acre lot; Separate electric meters for the units
