Two-Unit Duplex with Detached
New
For Sale
$265,000
864 Case Avenue, Saint Paul, MN 55106
The vacant upper apartment offers a two-bedroom layout, while the main-floor residence has one bedroom and original woodwork.
Property Size1,768 SF
Price / SF$149.89
Days on Market4
Property Features for 864 Case Avenue
General Information
Standard status
Active
Size
1,768 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1911
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Darisha Hill · License #NST506016613
Source:
Thehomgroup
Added: Oct 19
Last Checked: Oct 19 at 3:12AM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
Built in 1911, this 1,768-square-foot duplex has two apartments arranged on separate floors. The main-level unit includes one bedroom, a bathroom, living room, separate dining room, and eat-in kitchen, along with 9-foot ceilings and original woodwork. Hardwood flooring lies beneath the carpet. The vacant upper unit has two bedrooms, a bathroom, living room, and eat-in kitchen.
Both apartments have updated interior paint, newer carpet, and windows installed in 2018. The property also has a detached two-car garage. A new roof and gutters were installed in 2026, and the water heater was replaced in 2019.
Both apartments have updated interior paint, newer carpet, and windows installed in 2018. The property also has a detached two-car garage. A new roof and gutters were installed in 2026, and the water heater was replaced in 2019.
Key Highlights
- 1,768‑square‑foot duplex built in 1911
- Two‑bedroom upper unit is vacant
- Main‑level unit has one bedroom, separate dining room, and 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,726
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,520
$474.5K
Cap Rate 7%
$338,943
$338.9K
Cap Rate 9%
$263,622
$263.6K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$46.0K $26.04/SF
− Vacancy
−$2.9K −$1.64/SF
EGI
$43.1K $24.40/SF
− OpEx
−$19.4K −$10.98/SF
NOI
$23.7K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,520
Cap Rate 7%
$338,943
Cap Rate 9%
$263,622
Alternative Uses
Best Use
Multifamily LT 5
$369.0K
$322.9K – $430.5K
NOI $25,832 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$338.9K
$296.6K – $395.4K
NOI $23,726 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$421.8K
$369.1K – $492.1K
NOI $29,527 @ 7.0% cap · market cap 11.14%
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
1,068
Businesses Nearby
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Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant upper apartment offers a two-bedroom layout, while the main-floor residence has one bedroom and original woodwork.
Where is this duplex located?
The property is located at 864 Case Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,768‑square‑foot duplex built in 1911; Two‑bedroom upper unit is vacant; Main‑level unit has one bedroom, separate dining room, and 9‑foot ceilings
