Two-Bedroom Residential
For Sale
$334,000
998 Jameson Street, Saint Paul, MN 55103
Both apartments offer two bedrooms and one bathroom, with different lease arrangements in place.
Property Size2,339 SF
Price / SF$224.31
Days on Market8
Property Features for 998 Jameson Street
General Information
Standard status
Active
Size
2,339 SF
Property subtype
Residential Income
Zoning
Residential-Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,460
Amenities
Natural Gas, Forced Air
Full, Storage Space, Unfinished
Building Details
Building Size
2,339 SF
Year Built
1910
Buildings
1
Stories
2
Listed By:
Kellie Cardinal
(651) 485-1113
Source:
Evrealestate
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 16 at 6:33AM
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 Kellie Cardinal
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Investment Insights
Based on property information with market context.
This 1,489-square-foot duplex was built in 1910 and contains two apartments, each configured with two bedrooms and one bathroom. The upper apartment has a month-to-month tenant; the lower apartment is leased through May 31, 2027.
The property is located on Jameson Street in Saint Paul’s Como neighborhood.
The property is located on Jameson Street in Saint Paul’s Como neighborhood.
Key Highlights
- 1,489‑square‑foot duplex built in 1910
- Two apartments, each with 2 bedrooms and 1 bathroom
- Upper apartment occupied by a month‑to‑month tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,755
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,100
$435.1K
Cap Rate 7%
$310,786
$310.8K
Cap Rate 9%
$241,722
$241.7K
Market Conditions
NOI Build-Up for 1,489 SF
Gross rent
$33.1K $22.20/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$31.1K $20.87/SF
− OpEx
−$9.3K −$6.26/SF
NOI
$21.8K $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%
$435,100
Cap Rate 7%
$310,786
Cap Rate 9%
$241,722
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$271.9K – $362.6K
NOI $21,755 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.0K
NOI $19,982 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$355.2K
$310.8K – $414.5K
NOI $24,867 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms and one bathroom, with different lease arrangements in place.
Where is this duplex located?
The property is located at 998 Jameson Street Saint Paul, MN.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: 1,489‑square‑foot duplex built in 1910; Two apartments, each with 2 bedrooms and 1 bathroom; Upper apartment occupied by a month‑to‑month tenant
