Updated Two-Unit
New
For Sale
$250,000
970 Sherburne Avenue, Saint Paul, MN 55104
Residential Income, Saint Paul, MN
Property Size1,400 SF
Lot Size0.08 Acres
Price / SF$178.57
Days on Market3
Property Features for 970 Sherburne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Laundry Room, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3
Subdivision
Weed & Lawrences Addition, To
High school district
St. Paul
Directions
Highway 94w to Lexington Ave exit, take a right for .3 miles than take a right on Sherburne Ave
Standard status
Active
APN
352923240212
Size
1,400 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4679
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Listing Agency:
National Realty Guild
(651) 330-8001
Listed By:
Trang Lam
(651) 494-4000
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 7155541
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 1,400-square-foot duplex contains two residences, each with two bedrooms and one full bathroom. The main-level unit and upper-level unit each received new air conditioning, a refrigerator, stove, washer, dryer, water heater, furnace, and electrical panel in 2021. The property was built in 1900 and occupies a 0.075-acre lot. Forced-air heating serves the building, and three parking spaces are located at the rear.
At 970 Sherburne Avenue in Saint Paul, the property is near Metropolitan State University and downtown. Both units are rented on a month-to-month basis.
At 970 Sherburne Avenue in Saint Paul, the property is near Metropolitan State University and downtown. Both units are rented on a month-to-month basis.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 1,400‑square‑foot duplex
- 2021 upgrades in both units: AC, refrigerator, stove, washer, dryer, water heater, furnace, and electrical panel
- Three parking spaces at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,455
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,100
$409.1K
Cap Rate 7%
$292,214
$292.2K
Cap Rate 9%
$227,278
$227.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$31.1K $22.20/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$29.2K $20.87/SF
− OpEx
−$8.8K −$6.26/SF
NOI
$20.5K $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%
$409,100
Cap Rate 7%
$292,214
Cap Rate 9%
$227,278
Alternative Uses
Best Use
Multifamily LT 5
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$268.4K
$234.9K – $313.1K
NOI $18,788 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
965
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences received appliance and mechanical upgrades in 2021, with two bedrooms and a full bath in each.
Where is this duplex located?
The property is located at 970 Sherburne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a 1,400‑square‑foot duplex; 2021 upgrades in both units: AC, refrigerator, stove, washer, dryer, water heater, furnace, and electrical panel; Three parking spaces at the rear
