Two-Unit Duplex with Off-Street
For Sale
$299,900
910 Wilson Avenue, Saint Paul, MN 55106
Residential Income, Saint Paul, MN
Property Size1,191 SF
Lot Size0.31 Acres
Price / SF$251.81
Days on Market78
Property Features for 910 Wilson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bathroom 1
Exterior features
Vinyl
Subdivision
A Gotzians Sub B74 Lyman&Dayto
High school district
St. Paul
Standard status
Active
APN
332922320077
Size
1,191 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9568
Utilities
Heating system
Forced Air
Building Details
Year built
1874
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
John Evans
(612) 821-7400
Added: Jun 16
Changed: Aug 28
Last Checked: Sep 1 at 12:06PM
MLS# 7107069
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,191 square feet with a combined five bedrooms and three bathrooms. The property was built in 1874 and includes a basement, vinyl exterior, and forced-air heating. Recent replacement of the roof and siding adds to the existing improvements, while off-street parking serves the residential layout.
Set on 0.307 acres at 910 Wilson Avenue in Saint Paul, the property is located in Ramsey County’s 55106 ZIP code. Its two-unit configuration provides separate residential accommodations within a single property, with the bedroom and bathroom count supporting a range of household arrangements.
Set on 0.307 acres at 910 Wilson Avenue in Saint Paul, the property is located in Ramsey County’s 55106 ZIP code. Its two-unit configuration provides separate residential accommodations within a single property, with the bedroom and bathroom count supporting a range of household arrangements.
Key Highlights
- Two‑unit duplex with a combined 5 bedrooms and 3 bathrooms
- 1,191 square feet on a 0.307‑acre lot
- Roof and siding recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,020
$348.0K
Cap Rate 7%
$248,586
$248.6K
Cap Rate 9%
$193,344
$193.3K
Market Conditions
NOI Build-Up for 1,191 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $22.20/SF
− Vacancy
−$1.6K −$1.33/SF
EGI
$24.9K $20.87/SF
− OpEx
−$7.5K −$6.26/SF
NOI
$17.4K $14.61/SF
Area
Dakota 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,020
Cap Rate 7%
$248,586
Cap Rate 9%
$193,344
Alternative Uses
Best Use
Multifamily LT 5
$248.6K
$217.5K – $290.0K
NOI $17,401 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$228.3K
$199.8K – $266.4K
NOI $15,983 @ 7.0% cap · market cap 5.33%
Theoretical Best
Healthcare Medical
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vinyl exterior, forced-air heat, and recently replaced roof and siding support the property’s practical residential configuration.
Where is this duplex located?
The property is located at 910 Wilson Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with a combined 5 bedrooms and 3 bathrooms; 1,191 square feet on a 0.307‑acre lot; Roof and siding recently replaced
