Up/Down Duplex with Bonus
For Sale
$389,900
95 Victoria Street N, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size2,416 SF
Lot Size0.09 Acres
Price / SF$161.38
Days on Market36
Property Features for 95 Victoria Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Basement, Bedroom 1
Parking features
Covered, Driveway
Exterior features
Cement Board
Subdivision
Summit Park
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
St. Paul
Directions
94 to St. Anthony Ave, West on St. Anthony Ave to Victoria St, South on Victoria St to home.
Standard status
Active
APN
022823240032
Size
2,416 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7234
Utilities
Heating system
Hot Water(Heating)
Amenities
in-unit laundry
dishwasher
basement storage
laundry facilities
Building Details
Year built
1890
Roof type
Shingle
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-1500
Listed By:
Scott R. Smith
(651) 379-1500
Added: Jul 20
Changed: Aug 21
Last Checked: Aug 24 at 2:06AM
MLS# 7108677
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 2,416-square-foot duplex contains one unit on the main level and another upstairs, with additional finished space on the third level. The main residence includes one bedroom, a three-quarter bath, hardwood flooring, and in-unit laundry. The upper residence provides two bedrooms, a three-quarter bath, a large kitchen with dishwasher, and a bonus room with a half bath.
Both units connect to basement areas with storage and laundry facilities. The 1890 property sits on a 0.087-acre lot and includes cement board siding, shingle roofing, hot-water heating, covered parking, and a driveway. A new boiler is planned for installation in the coming weeks.
Both units connect to basement areas with storage and laundry facilities. The 1890 property sits on a 0.087-acre lot and includes cement board siding, shingle roofing, hot-water heating, covered parking, and a driveway. A new boiler is planned for installation in the coming weeks.
Key Highlights
- 2,416 square feet across an up/down duplex configuration
- One‑bedroom main‑level unit and two‑bedroom upper‑level unit
- Upper unit includes a large kitchen with dishwasher and third‑level bonus room
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
$35,299
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
9.05%
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%
$705,980
$706.0K
Cap Rate 7%
$504,271
$504.3K
Cap Rate 9%
$392,211
$392.2K
Market Conditions
NOI Build-Up for 2,416 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
$53.6K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$50.4K $20.87/SF
− OpEx
−$15.1K −$6.26/SF
NOI
$35.3K $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%
$705,980
Cap Rate 7%
$504,271
Cap Rate 9%
$392,211
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.2K – $588.3K
NOI $35,299 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$463.2K
$405.3K – $540.4K
NOI $32,422 @ 7.0% cap · market cap 8.32%
Theoretical Best
Healthcare Medical
$594.5K
$520.2K – $693.6K
NOI $41,618 @ 7.0% cap · market cap 10.67%
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
1,405
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, laundry access, basement storage, and covered driveway parking.
Where is this duplex located?
The property is located at 95 Victoria Street N Saint Paul, MN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 2,416 square feet across an up/down duplex configuration; One‑bedroom main‑level unit and two‑bedroom upper‑level unit; Upper unit includes a large kitchen with dishwasher and third‑level bonus room
