St. Paul › Union Park

1827-1829 Saint Anthony Ave

Duplex · 2 units: 3 bed / 1 bath and 2 bed / 1 bath unit split estimated · 1,900 sq ft

Saint Paul, MN · Union Park (Merriam Park, Snelling-Hamline, Lexington-Hamline) · View the listing ↗

Cash flows

70 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $250,000
Monthly cash flow: $225
Estimated rent: $3,100/mo
Break-even price: $292,246

Adjust the numbers See the full breakdown

From the listing

Charming side-by-side duplex with outstanding curb appeal, inviting front porches, and an unbeatable location in the heart of the city! Whether you're looking for a smart investment opportunity or the chance to owner-occupy while generating rental income, this well-maintained property offers exceptional flexibility. Inside, neutral finishes throughout provide the perfect backdrop for any decorating style, while large windows fill each unit with an abundance of natural light, creating bright and welcoming living spaces. Informal dining areas flow into spacious kitchens with room to add a center island for additional cabinetry, countertop space, and everyday functionality. Each unit offers its own unique appeal. One features a delightful three-season porch-perfect for relaxing with a morning coffee or unwinding in the evening-while the other includes a versatile main-level room that can easily serve as a bedroom, home office, or additional living space. Upstairs, you'll find two generously sized bedrooms, large closets, and full bathrooms, providing comfortable accommodations for residents. The shared lower level includes convenient laundry facilities, eliminating trips to the laundromat and adding everyday convenience. Located two blocks from the Green Line light rail station and just blocks from Allianz Field, this property is ideal for soccer fans and anyone who enjoys the energy of the surrounding neighborhood. You'll also appreciate easy access to popular restaurants, shopping, entertainment, and major thoroughfares including Snelling Avenue, University Avenue, and I-94, making commuting throughout the Twin Cities a breeze. Whether you're expanding your investment portfolio or searching for a home with income potential, this attractive duplex is an opportunity you won't want to miss. Beats the 1% rule!

Listing courtesy of RE/MAX Results (Marti Estey). Description from Realtor.com, MLS #7098130. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

First look

This is a side-by-side duplex at $250K, built 1885, and our numbers show about $225/month cash flow at asking with a 7.5% cap rate. That works better than most small multifamily at today's rates, but it rests on our rent estimates ($1,700 and $1,400), because the listing gives no actual rents or lease status. The photos show dated but clean kitchens and baths, and baseboard electric heat appears in at least two rooms. Heat type, who pays for it, and the electric panel are the first things to check. It has been listed 81 days and the county parcel didn't match, so verify taxes, unit count and the St. Paul rental license before anything else. Worth a showing if the rent roll backs up the estimates.

Things to consider

Cash flow rests on our rent estimates The listing states no rents, so the $225/month cash flow depends on our $1,700 and $1,400 estimates. Verify with a rent roll and leases.
Heat type and who pays is unclear Photos show both baseboard electric and a floor vent. If the owner pays heat, cash flow drops quickly.From photo 10
Unverified taxes and unit count The county parcel didn't match, so the tax bill could be higher, especially if non-homestead. That changes the cap rate.
Rent growth is capped for sitting tenants St. Paul limits increases to 3%/yr, so below-market rents will be slow to catch up.
Highway noise next to I-94 About 91 m from the freeway; this can cost $50-100/month in rent and may affect tenant retention.
Old building with dated finishes An 1885 build with older kitchens and baths means budgeting for turnover and system repairs. Inspect the foundation and wiring.From photo 5

From the photos

Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.

AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $250,000
Cash to close: $57,500
Price per unit: $125,000
GRM: 6.7

Each month

Cash flow: $225/mo
Cash-on-cash: 4.7%
Cap rate: 7.5%
DSCR: 1.17×

Break-even

Price that breaks even: $292,246
Rent that breaks even: $2,808/mo

Long run

Year 30: property vs stocks: $1.41M vs $438K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,100
Vacancy (6%)	−$186
Collected	$2,914
Property tax Listing	−$393
Insurance Estimate	−$209
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$248
Capital reserve (9% of rent)	−$279
Net operating income	$1,555
Mortgage (principal + interest)	−$1,331
Cash flow	$225
Principal paid down (equity, not cash)	$169

Cash flow each year

Rents +3%/yr (St. Paul's cap for sitting tenants), costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

If you buy this building$1,405,063

Your equity when you sell: $570,407
Rental profits, invested at 7%: $834,656

Same money in stocks$437,705

Cash to close, invested at 7%: $437,705

The building comes out $967,358 ahead after 30 years.

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.41M, stocks $438K. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-06. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

3 bed estimate $1,700/mo · range $1,600–$1,825 · 7 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
435 Fry St Apt 3, Saint Paul	$1,650	3 / 1	1,010	0.4 mi	2026-07-17	Apartment
1849 Portland Ave S, Saint Paul	$1,795	3 / 1	925	0.7 mi	2024-04-15	Apartment
1838 Portland Ave, Saint Paul	$1,950	3 / 1	—	0.7 mi	2026-07-27	Apartment
1477 Iglehart Ave, Saint Paul	$1,700	3 / 1	—	0.8 mi	2026-07-20	Apartment
824 Aldine St, Saint Paul	$1,800	3 / 1	—	0.9 mi	2026-09-26	Apartment
1305 University Ave W, Saint Paul	$1,600	3 / 2	—	1.1 mi	2026-07-17	Apartment
1296/1298 Lafond Ave, Saint Paul	$1,395	3 / 2	972	1.2 mi	2026-08-29	Duplex triplex

2 bed estimate $1,400/mo · range $1,225–$1,600 · 17 rentals within 0.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
405 Fairview Ave N, Saint Paul	$1,055	2 / 1	725	0.1 mi	2025-01-03	Apartment
1765 Carroll Ave, Saint Paul	$1,395	2 / 1	900	0.2 mi	2025-05-08	Apartment
441 Lynnhurst Ave W, Saint Paul	$1,289	2 / 1	880	0.2 mi	2024-04-15	Apartment
1938 Roblyn Ave Apt 2, Saint Paul	$1,350	2 / 1	850	0.2 mi	2026-06-10	Apartment
483 W Lynnhurst Ave Unit 18, Saint Paul	$1,249	2 / 1	1,250	0.2 mi	—	Apartment
1880 Marshall Ave, Saint Paul	$1,599	2 / 1	822	0.3 mi	2024-06-11	Apartment
412 Pierce St N, Saint Paul	$1,195	2 / 1	950	0.3 mi	2026-06-03	Apartment
1939 Marshall Ave, Saint Paul	$1,400	2 / 1	873	0.4 mi	2025-01-03	Apartment
1621 St Anthony Ave Apt 6, Saint Paul	$1,440	2 / 1	750	0.4 mi	2025-06-13	Apartment
1899 Selby Ave, Saint Paul	$1,800	2 / 1	1,200	0.5 mi	2026-07-08	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1827-1829 SAINT ANTHONY AVE
mediumAbout 91 m from I 94: traffic noise usually costs $50–100/month in rent. Based on: OpenStreetMap: nearest motorway (I 94) at 91 m
mediumTaxes and unit count are unverified because the county parcel didn't match; the real tax bill could differ a lot from our assumption. Based on: data: county.tax · AI review
mediumThe agent's 'beats the 1% rule' claim comes with no rents, leases or expenses to back it. Listing says: Beats the 1% rule! · AI review
mediumBuilt 1885, so check the foundation, wiring and plumbing age; none are described. Based on: data: listing.year_built · AI review
lowShared laundry in the lower level suggests shared utilities or systems; confirm separate meters and who pays what. Listing says: The shared lower level includes convenient laundry facilities · AI review

Opportunities

Owner-occupy one side and rent the other, which is how the listing pitches it. Listing says: the chance to owner-occupy while generating rental income · AI review
Kitchens are spacious with room to add cabinetry or an island, which could support a modest refresh and higher rents. Listing says: spacious kitchens with room to add a center island · AI review
Close to the Green Line and Allianz Field, which supports tenant demand. Listing says: Located two blocks from the Green Line light rail station · AI review

Questions for the agent

What are the current rents and lease terms for each side, and how long have the tenants been there?
What type of heat does each unit have, and who pays for it? Are there separate electric and gas meters?
What is the real tax bill, and is the property licensed as a two-unit rental by the City of St. Paul?
Why has it been listed 81 days, and has the price changed?
How old are the roof, the electrical panels and the water heater?
Can the main-level room in one unit be used as a bedroom, and does it have egress and a closet?

Bottom line

Numbers look decent at $250K, but nothing about rents, heat or taxes is verified, so get the rent roll and utility details before offering. AI-assisted summary

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$4,716
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,502
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$170
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. built 1885: +1 pt capital reserve	8% / 9%

Price history Realtor.com

On the market since 2026-07-16 (81 days); down $15,000 (5.7%) from the first ask of $265,000.

Date	Event	Price
2026-09-17	Price changed	$250,000
2026-08-26	Relisted	$265,000
2026-08-24	Removed	$265,000
2026-07-16	Listed	$265,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$4,716
County	Ramsey
Parcel number	332923310048

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

City rental certificate (CofO)

No record in St. Paul Certificate of Occupancy – Residential (dataset last updated mid-2025).

Nearest highway

I 94, about 91 m away.

Crime in Union Park

1,603 incidents in the last 12 months (83 per 1,000 residents), −27% vs. the year before. St. Paul police incidents, excluding proactive visits and community events. Union Park's incident count includes the Midway retail corridor, which inflates the per-resident rate.