Updated Duplex with Solar
840 Randolph Ave, Saint Paul, MN 55102
For Sale
$365,000
Two distinct residences combine original character, modern updates, and flexible rental use in a well-maintained duplex.
Property Size1,688 SF
Price / SF$216.23
Days on Market96
Property Features for 840 Randolph Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
solar array
Building Details
Year Built
Buildings
Listing Agency:
Edina Realty, Inc.
Listed By:
Jessie C. McClary, GRI
(612) 799-7574
Source:
Brickandbanister
Added: Aug 6
Changed: Oct 25
Last Checked: Oct 7 at 2:29PM
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 Edina Realty, Inc.
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Investment Insights
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Located at 840 Randolph Ave in Saint Paul’s West 7th area, this 1909 duplex pairs a spacious three-bedroom main residence with a separate one-bedroom apartment upstairs. The primary unit includes living and dining rooms, two baths, laundry, basement storage, and workspace. Original woodwork and a built-in buffet remain, while flooring, a bathroom, appliances, the roof, and mechanical systems have been updated. Separate furnaces and electrical panels serve the two residences.
A 16-panel solar array helps reduce energy costs, and the garage—built within the last 5 years—includes a 240V outlet. The property is near Mucci’s Italian, A-Side Public House, Bay Street Burger Dive, Palace Park, and the Mississippi River. The upper apartment is suited to traditional, furnished, or short-term rental use as described.
A 16-panel solar array helps reduce energy costs, and the garage—built within the last 5 years—includes a 240V outlet. The property is near Mucci’s Italian, A-Side Public House, Bay Street Burger Dive, Palace Park, and the Mississippi River. The upper apartment is suited to traditional, furnished, or short-term rental use as described.
Key Highlights
- 1909 duplex with a 3‑bedroom main residence and separate 1‑bedroom apartment
- 16‑panel solar array designed to reduce energy costs
- Main unit includes 2 baths, laundry, basement storage, and workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,663
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,260
$493.3K
Cap Rate 7%
$352,329
$352.3K
Cap Rate 9%
$274,033
$274.0K
Market Conditions
NOI Build-Up for 1,688 SF
Gross rent
$37.5K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$35.2K $20.87/SF
− OpEx
−$10.6K −$6.26/SF
NOI
$24.7K $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%
$493,260
Cap Rate 7%
$352,329
Cap Rate 9%
$274,033
Alternative Uses
Best Use
Multifamily LT 5
$352.3K
$308.3K – $411.1K
NOI $24,663 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$323.6K
$283.2K – $377.5K
NOI $22,652 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$402.7K
$352.4K – $469.9K
NOI $28,191 @ 7.0% cap · market cap 7.72%
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
715
Businesses Nearby
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Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
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Market
Average Price Trend$/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 - Two distinct residences combine original character, modern updates, and flexible rental use in a well-maintained duplex.
Where is this duplex located?
The property is located at 840 Randolph Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1909 duplex with a 3‑bedroom main residence and separate 1‑bedroom apartment; 16‑panel solar array designed to reduce energy costs; Main unit includes 2 baths, laundry, basement storage, and workspace
