Renovated 2-Unit
892 4th Street E, Saint Paul, MN 55106
For Sale
$320,000
Both residences feature two-bedroom layouts, updated interiors, and walk-in closets.
Property Size1,604 SF
Price / SF$199.50
Days on Market176
Property Features for 892 4th Street E
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Estate Corners, Inc
Listed By:
Khalid Mansour
(612) 483-1230
Source:
Harkerwoods
Added: May 18
Changed: Nov 8
Last Checked: Nov 8 at 6:29PM
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 Real Estate Corners, Inc
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Investment Insights
Based on property information with market context.
This 1,604-square-foot duplex contains two residences, each with 2 bedrooms and 1 full bathroom. Interior work includes new kitchens, bathrooms, flooring, appliances, windows, and doors; neither unit has carpet, and both include walk-in closets.
Major updates extend to the building systems, with new furnaces, water heaters, ductwork, insulation, electrical systems, plumbing, water lines, and waste and vent stacks. The exterior has steel siding and a new roof.
Major updates extend to the building systems, with new furnaces, water heaters, ductwork, insulation, electrical systems, plumbing, water lines, and waste and vent stacks. The exterior has steel siding and a new roof.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,604 square feet total
- Updated kitchens, bathrooms, flooring, appliances, windows, and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,436
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,720
$468.7K
Cap Rate 7%
$334,800
$334.8K
Cap Rate 9%
$260,400
$260.4K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$35.6K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.5K $20.87/SF
− OpEx
−$10.0K −$6.26/SF
NOI
$23.4K $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%
$468,720
Cap Rate 7%
$334,800
Cap Rate 9%
$260,400
Alternative Uses
Best Use
Multifamily LT 5
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$307.5K
$269.1K – $358.8K
NOI $21,525 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$382.7K
$334.9K – $446.5K
NOI $26,788 @ 7.0% cap · market cap 8.37%
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
701
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
$233,000
Median Home Value
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Market
Average Price Trend$/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 - Both residences feature two-bedroom layouts, updated interiors, and walk-in closets.
Where is this duplex located?
The property is located at 892 4th Street E Saint Paul, MN.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,604 square feet total; Updated kitchens, bathrooms, flooring, appliances, windows, and doors
