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    804 S 4Th St St Peter, MN 56082
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    804 S 4Th St St Peter, MN 56082

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    • Commercial real estate
    • 3,008 SF
    • 0.25 lot acres
    For Sale
    $389,000
    View Listing →
    St. Peter 4-Plex Investment Property For Sale
    $389,000
    3,008 SF

    St. Peter 4-Plex Investment Property

    Well-maintained 4-plex near downtown St. Peter and Gustavus College.

    St Peter, MN 56082
    View Listing
    Property ID
    US46-2947358
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 804 S 4Th St

    Year built
    1890
    Lot size
    0.25 lot acres
    Property size
    3,008 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a well-maintained, four-unit apartment building located in the heart of Saint Peter, Minnesota. Boasting Victorian charm, this historic property is situated just one block from Minnesota Square Park, offering convenient proximity to Gustavus College and downtown amenities. The building features a total of 3,008 square feet across two stories, with four units: two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. All units are currently leased, providing immediate cash flow for the new owner. Recent significant upgrades include a new steel siding, a new roof installed in November 2023, a new chimney with a cement cap (October 2021), and a new stainless steel chimney liner (May 2021). All appliances have been replaced within the last four years, and a new water heater was installed in 2019. A coin-operated washer and dryer are located in the basement, with the dryer being new in 2023. All windows are aluminum combination storm windows. The property sits on a 0.25-acre lot, zoned 4A, and presents potential for future expansion, such as adding garages (subject to city approval). This turnkey investment offers a strong return, with an asking price of $399,000 ($132.65/sq ft and $99,750/unit). Built in 1890, this property combines historical character with modern updates, making it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.9641499
    Latitude
    44.3210707

    Comparable in this City

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    • New
      $389,000
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      St. Peter 4-Plex Investment Property

      Well-maintained 4-plex near downtown St. Peter and Gustavus College.
      804 S 4Th St, St Peter, MN 56082
      View Details
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    Similar Nearby for Sale

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      Pine Pointe Quadplex Living

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    • New
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      St. Peter 4-Plex Investment Property

      Well-maintained 4-plex near downtown St. Peter and Gustavus College.
      804 S 4Th St, St Peter, MN 56082
      View Details
    • Contact for pricing
      11,256 SF

      St. Peter Multi-Tenant Office

      Multi-tenant office space near Gustavus Campus and St. Peter Highschool.
      622 Sunrise Dr, St Peter, MN 56082
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    • $1,050,000

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      Excellent owner-user opportunity in a high-visibility, growth-oriented market.
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      View Details
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      View Details

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    St Peter, MN 56082
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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