Two-Unit
For Sale
$334,000
998 Jameson Street, Saint Paul, MN 55103
Residential Income, Saint Paul, MN
Property Size1,489 SF
Lot Size0.09 Acres
Price / SF$224.31
Days on Market8
Property Features for 998 Jameson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Subdivision
Royal Oaks
High school district
St. Paul
Directions
From Hwy 36, go South on Dale St, turn right on Front, turn right on Jameson, duplex is on the right.
Standard status
Active
APN
262923130167
Size
1,489 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6460
Utilities
Heating system
Forced Air
Building Details
Year built
1910
Listing Agency:
National Realty Guild
(651) 330-8001
Listed By:
Kellie Cardinal
(651) 494-4000
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 4:06PM
MLS# 7158172
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.
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Investment Insights
Based on property information with market context.
This 1,489-square-foot duplex at 998 Jameson Street contains two residences, each configured with two bedrooms and one bathroom. Built in 1910, the property has forced-air heating and occupies a 0.086-acre lot.
The upper unit is occupied on a month-to-month basis. The lower unit has a lease running through May 31, 2027.
The upper unit is occupied on a month-to-month basis. The lower unit has a lease running through May 31, 2027.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,489 square feet of property area
- Upper unit has 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
Multi-tenant
Tenancy
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
Check the figures for this property
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 - Each residence has two bedrooms and one bathroom, with separate tenant 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: Two residences, each with 2 bedrooms and 1 bathroom; 1,489 square feet of property area; Upper unit has a month‑to‑month tenant
