Duplex Investment
987 Dayton Avenue Saint Paul, MN 55104
987 Dayton Avenue, Saint Paul, MN, 55104
$499,900
For Sale
$499,900
MULTI_FAMILY - Saint Paul, MN
Property Size3,296 SF
Lot Size0.17 Acres
Price / SF$151.67
Days on Market136
Property Features for 987 Dayton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bedroom 1
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 022823220027
- Size
- 3,296 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6108
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1921
- Roof type
- Shingle
Listing Agency
Northstar Real Estate Associates
(651) 451-2850
7300 Metro Blvd #310, Mendota Heights, MN
Listed by
Olga Melikian
(651) 451-2850
Added: Mar 3 Checked: Jul 17 at 11:06 pm
MLS# 7030002
Listing URL
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 duplex-style residential income property features a total of 3,296 square feet and sits on a 0.166-acre lot. The asset is offered for sale as a multifamily investment, providing a straightforward residential income configuration.
Located at 987 Dayton Avenue in Saint Paul, Ramsey County, Minnesota 55104, the property benefits from a central city address within the St. Paul market. The site size and building footprint support a manageable, compact multifamily ownership format.
For buyers evaluating multifamily purchases in Saint Paul, this property’s duplex structure and defined building area make it suitable for those seeking a residential income asset with a clear, uncomplicated layout.
Located at 987 Dayton Avenue in Saint Paul, Ramsey County, Minnesota 55104, the property benefits from a central city address within the St. Paul market. The site size and building footprint support a manageable, compact multifamily ownership format.
For buyers evaluating multifamily purchases in Saint Paul, this property’s duplex structure and defined building area make it suitable for those seeking a residential income asset with a clear, uncomplicated layout.
Key Highlights
- Oil heating
- Stucco exterior
- Shingle roof
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.8k | $26.04 |
| − Vacancy | −$5.4k | −$1.64 |
| EGI | $80.4k | $24.40 |
| − OpEx | −$36.2k | −$10.98 |
| NOI | $44.2k | $13.42 |
3,296 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$688.0K
$602.0K – $802.6K
NOI $48,157 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$631.9K
$552.9K – $737.2K
NOI $44,231 @ 7.0% cap · market cap 8.85%
Theoretical Best
Healthcare Medical
$811.1K
$709.7K – $946.3K
NOI $56,777 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex-style residential income property on Dayton Avenue in Saint Paul, MN, totaling 3,296 square feet.
Where is this duplex located?
The property is located at 987 Dayton Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Oil heating; Stucco exterior; Shingle roof
