Prime Investment Opportunity!!
Welcome to 1377 Randolph Ave, a charming duplex nestled in the heart of the beloved Macalester-Groveland neighborhood. This well-maintained property offers an exceptional opportunity for investors and owner-occupants seeking a move-in-ready income-producing asset in one of Saint Paul's most desirable and resilient communities.
Property Highlights:
This classic 1926-built duplex features two identical, spacious units, each with 2 bedrooms and 1 full bathroom. With a total of 1,824 finished square feet across a 4,960 sq. ft. lot, the property offers efficient use of space combined with excellent outdoor potential.
Location & Neighborhood:
Situated in Macalester-Groveland, one of Saint Paul's most vibrant and established neighborhoods, this property benefits from proximity to three universities (Macalester College, St. Catherine University, and University of St. Thomas), creating consistent demand for quality rental housing. The neighborhood's tree-lined streets, walkable retail and dining on nearby Grand Avenue, and strong sense of community make it an attractive destination for renters and residents alike. Low vacancy rates and steady rent appreciation in this market demonstrate its resilience and long-term value.
Property Features:
-Configuration: Two identical 2 bed/1 bath units—the most sought-after layout in this market
-Condition: Good condition with updated major systems (roof, plumbing, electrical, HVAC)
-Amenities: Detached garage providing valuable off-street parking
-Lot Size: 4,960 sq. ft. with mature landscaping and potential for improvements
Move-In Ready: Minimal deferred maintenance; ready for immediate tenant occupancy
Investment Potential:
For investors, this property presents an excellent entry point into a proven rental market. The two-unit configuration provides income diversification, while the desirable neighborhood and move-in-ready condition minimize vacancy risk and capital expenditure concerns. The location's proximity to universities and young professional employment centers ensures consistent tenant demand.
For owner-occupants, this duplex offers the flexibility to live in one unit while generating income from the other, or to occupy both units for a larger family home. The neighborhood's walkability and community amenities make it an ideal place to live.
Why Macalester-Groveland:
-This neighborhood has proven itself as a stable, desirable community with strong fundamentals:
-Institutional anchors providing consistent tenant demand
-Low vacancy rates (3–5%) indicating strong market demand
-Consistent rent appreciation (2–3% annually)
-Walkable, vibrant community with excellent retail and dining
Strong sense of community and neighborhood pride
The competitive asking price reflects the property's great condition and prime location. It represents an attractive entry point for serious buyers in a market where comparable properties command premium prices.
Schedule your showing today to experience this exceptional property firsthand. Whether you're an investor seeking a reliable income-producing asset or an owner-occupant looking for a home with rental income potential, 1377 Randolph Ave deserves your attention.
Listing courtesy of Joe Benson, GRI, CRS, CRB, eXp Realty
