Duplex with In-Unit
New
For Sale
$369,900
1425 Jefferson Street NE, Minneapolis, MN 55413
Residential Income, Minneapolis, MN
Property Size2,296 SF
Lot Size0.12 Acres
Price / SF$161.11
Days on Market1
Property Features for 1425 Jefferson Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 4
Parking features
Driveway
Patio and Porch features
Porch, Deck
Subdivision
Auditors Sub 029
High school district
Minneapolis
Directions
Broadway (E of University) to Jefferson , N to Property
Standard status
Active
APN
1402924120011
Size
2,296 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7883
Utilities
Heating system
Forced Air
Amenities
in-unit laundry
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Michael J Gross · License #40328060
(952) 829-2900
Added: Oct 9
Last Checked: Oct 9 at 5:06PM
MLS# 7157695
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.
Investment Insights
Based on property information with market context.
This 2,296-square-foot duplex contains two residences, each arranged with three bedrooms, one full bathroom, and in-unit laundry. Separate furnaces serve the units. The main-floor residence has a remodeled kitchen and fresh interior paint. The 0.12-acre property was built in 1900 and includes a driveway, porch, and deck.
Forced-air heating and a shingle roof are among the property’s existing features. Tenants cover gas and electricity, while water and trash are paid by the owner.
Forced-air heating and a shingle roof are among the property’s existing features. Tenants cover gas and electricity, while water and trash are paid by the owner.
Key Highlights
- Two units, each with three bedrooms and one full bathroom
- In‑unit laundry in both residences, with separate furnaces
- 2,296 square feet on a 0.12‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,546
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,920
$670.9K
Cap Rate 7%
$479,229
$479.2K
Cap Rate 9%
$372,733
$372.7K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$51.0K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.9K $20.87/SF
− OpEx
−$14.4K −$6.26/SF
NOI
$33.5K $14.61/SF
Area
Minneapolis, 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%
$670,920
Cap Rate 7%
$479,229
Cap Rate 9%
$372,733
Alternative Uses
Best Use
Multifamily LT 5
$479.2K
$419.3K – $559.1K
NOI $33,546 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.5K
NOI $30,812 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$547.8K
$479.3K – $639.1K
NOI $38,344 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each of the two residences has three bedrooms, a full bath, and its own furnace.
Where is this duplex located?
The property is located at 1425 Jefferson Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two units, each with three bedrooms and one full bathroom; In‑unit laundry in both residences, with separate furnaces; 2,296 square feet on a 0.12‑acre lot
