Fourplex with Detached
852 Ashland Avenue, Saint Paul, MN 55104
For Sale
New
$580,000
A two-bedroom main-floor residence is paired with three studio apartments and unfinished basement storage.
Property Size3,262 SF
Price / SF$177.81
Days on Market2
Property Features for 852 Ashland Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
3-season porch
Building Details
Year Built
Buildings
Stories
Listing Agency:
United Country Real Estate Minnesota Properties
Listed By:
Jay Hancock Real Estate
(612) 916-0245
Source:
Jayhancockrealestate
Added: Nov 14
Last Checked: Nov 14 at 2:19PM
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 United Country Real Estate Minnesota Properties
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Investment Insights
Based on property information with market context.
This Saint Paul fourplex contains four units: a two-bedroom apartment on the main floor and three studios, with two on the second floor and one on the third. The main residence has tall ceilings, refinished hardwood floors, a three-season front porch and a full bathroom. An unfinished walk-out basement provides storage, and a detached two-car garage serves the property. Built in 1909, the building contains 3,262 square feet.
The unit mix combines a larger apartment with three studios in a single multifamily property. The main-floor unit can function as a residence or rental, alongside the three upper-level apartments.
The unit mix combines a larger apartment with three studios in a single multifamily property. The main-floor unit can function as a residence or rental, alongside the three upper-level apartments.
Key Highlights
- Four units: one two‑bedroom apartment and three studio apartments
- 3,262‑square‑foot building constructed in 1909
- Main‑floor unit has tall ceilings, refinished hardwood floors, a three‑season porch and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,660
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,200
$953.2K
Cap Rate 7%
$680,857
$680.9K
Cap Rate 9%
$529,556
$529.6K
Market Conditions
NOI Build-Up for 3,262 SF
Gross rent
$72.4K $22.20/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$68.1K $20.87/SF
− OpEx
−$20.4K −$6.26/SF
NOI
$47.7K $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%
$953,200
Cap Rate 7%
$680,857
Cap Rate 9%
$529,556
Alternative Uses
Best Use
Multifamily LT 5
$680.9K
$595.8K – $794.3K
NOI $47,660 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$625.4K
$547.2K – $729.6K
NOI $43,775 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$778.2K
$681.0K – $908.0K
NOI $54,477 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,405
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 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 - A two-bedroom main-floor residence is paired with three studio apartments and unfinished basement storage.
Where is this quadplex located?
The property is located at 852 Ashland Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Four units: one two‑bedroom apartment and three studio apartments; 3,262‑square‑foot building constructed in 1909; Main‑floor unit has tall ceilings, refinished hardwood floors, a three‑season porch and a full bath
