Office
Mundfrom Properties
Tiffany Mundfrom
124 N Broadway Ave
Spring Valley, MN 55975
MLS# 6679164 - 690 Western Avenue N Saint Paul, MN 55103
Key Highlights:
1% Rule for investors!
CAP Rate: 8% where the average for the area is much lower!
DSCR: 1.21 See supplements for the breakdown!
$56,400 in Annual Income
Huge Lot – Add a Garage to Boost Rent Potential!
Fully Leased BUT you can OWNER OCCUPY for the OWNER OCCUPY BUYERS
This fully renovated, cash-flowing duplex brings in over $56,400 annually and offers serious upside. Situated on a large lot with room to add a detached garage, increasing rents even further is well within reach.
Key Highlights:
CAP Rate: 8% where the average for the area is much lower!
DSCR: 1.21 See supplements for the breakdown!
$56,400 in Annual Income
New Roof in 2024
Major Renovation in 2012: New windows, siding, electrical, plumbing, and full interior remodel.
Functional Layout: 4BR lower unit and 5BR upper unit—high bedroom count means more rental income.
Updated Upper Unit in 2025: Fresh paint, updated modern kitchen, newer appliances, updated bath, in-unit washer/dryer.
Updated Lower Unit in 2025: Retiled the lower level bathroom. Long term tenant in lower level.
Reliable Cash Flow: Long-term tenant in the lower unit, recently rented upper unit with solid rent history.
Turnkey & Low Maintenance: All major systems and mechanicals have been updated.
This property checks all the boxes for a savvy investor—strong returns, low maintenance, and growth potential. Don’t miss out on one of the best cash-flowing duplexes available!
Schedule your showing today before it’s gone!
Summary
Type:
RES | Residential Income - Duplex Up and Down
Price:
$459,900
$138/sf
$3,285,000/acre
Transaction:
For Sale
Status:
Active
Contingencies:
None
Agent Owned:
No
Lender Owned:
No
Zoning:
Residential-Multi-Family
Square Footage:
3,322 sq ft
Lot Size:
0.14 acres
Year Built:
1905
Foundation:
1,315 sq ft
Stories:
More Than 2 Stories
New Construction:
No
Listed at:
Thu Jun 26 2025 5:00:00 AM
Listing Age:
17 days
School District:
625-St. Paul | 651-767-8100
Neighborhoods:
Thomas-Dale (Frogtown)
County:
Ramsey
Home Details
In Home Details
Sq Ft Above Ground:
2,522 sq ft
Sq Ft Below Ground:
800 sq ft
Basement:
Full, Unfinished
Construction Material:
Engineered Wood
Exterior
Siding:
Engineered Wood
Roof:
Age 8 Years or Less
Utilites
Water:
City Water/Connected
Sewer:
City Sewer/Connected
Heating:
Forced Air, Natural Gas
Property Details
Garage:
Gravel, Driveway - Other Surface, Other
Lot Dimensions:
138x 45
Agent Owned:
No
Topography:
Level
Others
School Information
District Number:
625-St. Paul
District Phone:
651-767-8100
Financial Considerations
Tax Property ID:
362923120061
Tax Amount:
$6,757 for 2024
Listing Data
Listed Price:
$459,900
Days on market:
15 days
First Listed at:
Thu Jun 26 2025 5:00:00 AM
Last Updated at:
Fri Jul 11 2025 2:47:03 PM
Total Days on Market:
57 days
Contingencies:
None
Assessments:
Unknown
Foreclosure:
No
Lender Owned:
No
Special Notes
Present Use:
Yearly
Public Survey
Range:
23
Section:
36
Township:
29
eXp Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Tiffany Mundfrom is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Tiffany Mundfrom, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jul 12 2025 5:00PM.
