Historic Triplex with Garage
846 Lincoln Avenue, Saint Paul, MN 55105
For Sale
$900,000
Three residences include a four-bedroom main-level home and two upper-floor apartments.
Property Size3,871 SF
Price / SF$232.50
Days on Market249
Property Features for 846 Lincoln Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
open front porch
central air conditioning
mini-split systems
in-unit laundry
shared upper-level laundry
EV charger
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Edina Realty, Inc.
Listed By:
Marcy Wengler
(651) 238-7434
Source:
Harkerwoods
Added: Mar 6
Changed: Nov 9
Last Checked: Nov 8 at 5:17PM
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
Based on property information with market context.
Built in 1880, this 3,871-square-foot triplex has a four-bedroom residence on the main level and two one-bedroom apartments upstairs. The main home includes an updated kitchen, two full bathrooms, in-unit laundry and central air conditioning. Each upper apartment has separate living and dining rooms, two mini-split systems and access to shared laundry.
The property includes five garage stalls, one with an electric vehicle charger. It is in Summit Hill, within walking distance of restaurants, coffee shops, grocery stores and fitness studios.
The property includes five garage stalls, one with an electric vehicle charger. It is in Summit Hill, within walking distance of restaurants, coffee shops, grocery stores and fitness studios.
Key Highlights
- 3,871‑square‑foot triplex built in 1880
- Main‑level residence with four bedrooms and two bathrooms
- Two upper‑floor one‑bedroom apartments, each with separate living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,558
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,160
$1.1M
Cap Rate 7%
$807,971
$808.0K
Cap Rate 9%
$628,422
$628.4K
Market Conditions
NOI Build-Up for 3,871 SF
Gross rent
$85.9K $22.20/SF
− Vacancy
−$5.1K −$1.33/SF
EGI
$80.8K $20.87/SF
− OpEx
−$24.2K −$6.26/SF
NOI
$56.6K $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%
$1,131,160
Cap Rate 7%
$807,971
Cap Rate 9%
$628,422
Alternative Uses
Best Use
Multifamily LT 5
$808.0K
$707.0K – $942.6K
NOI $56,558 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$742.1K
$649.4K – $865.8K
NOI $51,948 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$923.5K
$808.1K – $1.08M
NOI $64,648 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
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Business Placement
Demographics for 55105, MN
28,812
Population
12,045
Households
2.4
Avg Household Size
33
Median Age
78%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
8,232
Density / Sq Mi
$108,200
Median Household Income
$51,131
Median Earnings
$1,240
Median Rent
$453,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include a four-bedroom main-level home and two upper-floor apartments.
Where is this triplex located?
The property is located at 846 Lincoln Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,871‑square‑foot triplex built in 1880; Main‑level residence with four bedrooms and two bathrooms; Two upper‑floor one‑bedroom apartments, each with separate living and dining rooms
