Up-Down Duplex with Three-Season
1900 Buchanan Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
Property size:
2,200 SFLot size:
0.09 AcresPrice / SF:
$213/SF- Added:
- Jun 13, 2026
- Days on Market:
- 24
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 1900 Buchanan Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 1202924340092
- Size
- 2,200 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7817
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1924
Listing agent Lars Anderson (952) 829-2900
Listing office RE/MAX Results 1609 Hennepin Ave, Eden Prairie, MN (612) 314-1520
Listing date Jun 13, 2026
MLS# 7072454
Listing URL
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.
HighLights
- Up/down duplex built in 1924 with 2‑bedroom, 1‑bath layouts in both units.
- Main‑floor unit will be vacant at closing; upper unit is leased through Nov 15, 2026 at $1,725/month.
- Both units feature hardwood floors, original built‑ins, spacious living/dining rooms, and private three‑season porches.
- Detached one‑stall garage plus shared laundry for both units.
- Large attic and basement offer storage and potential workshop or hobby space.
- Stucco exterior with oil heating; recent electrical updates reported.
Overview
This classic up-down duplex provides two separate 2-bedroom, 1-bath homes, each designed for comfortable living with hardwood floors, abundant natural light, original built-ins, and spacious living and dining rooms. Both units include charming archways and private three-season porches, offering usable outdoor space across more of the year. The main-floor unit will be vacant at closing and has been freshly painted, with new light fixtures and an updated bathroom featuring new wainscoting, vanity, mirror, and lighting. The upper unit is leased through November 15, 2026.
Located in Northeast Minneapolis at 1900 Buchanan Street NE (55418), the property is positioned near Logan Park, Windom Park, local restaurants and breweries, coffee shops, the Great Northern Greenway, and downtown Minneapolis.
For owner-occupants, the vacant main-floor unit allows you to move in while continuing to receive rental income from the upper unit. For investors, the duplex structure supports straightforward income potential, with added utility space including a large attic and basement for storage, a workshop, hobbies, or other bonus uses. Outside, the detached one-stall garage and shared laundry help round out everyday convenience, along with additional income opportunities noted for garage and storage, as well as pet and potential future laundry income. Recent electrical updates add further value to the property.
Located in Northeast Minneapolis at 1900 Buchanan Street NE (55418), the property is positioned near Logan Park, Windom Park, local restaurants and breweries, coffee shops, the Great Northern Greenway, and downtown Minneapolis.
For owner-occupants, the vacant main-floor unit allows you to move in while continuing to receive rental income from the upper unit. For investors, the duplex structure supports straightforward income potential, with added utility space including a large attic and basement for storage, a workshop, hobbies, or other bonus uses. Outside, the detached one-stall garage and shared laundry help round out everyday convenience, along with additional income opportunities noted for garage and storage, as well as pet and potential future laundry income. Recent electrical updates add further value to the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $22.20 |
| − Vacancy | −$2.9k | −$1.33 |
| EGI | $45.9k | $20.87 |
| − OpEx | −$13.8k | −$6.26 |
| NOI | $32.1k | $14.61 |
2,200 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.2K
$401.8K – $535.7K
NOI $32,144 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$421.8K
$369.0K – $492.1K
NOI $29,523 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$524.9K
$459.3K – $612.4K
NOI $36,741 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.240017
- Latitude
- 45.007916
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Classic two-unit layout offers immediate move-in flexibility with shared laundry and storage, plus an upper unit lease in place.
Where is this duplex located?
The property is located at 1900 Buchanan Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Up/down duplex built in 1924 with 2‑bedroom, 1‑bath layouts in both units.; Main‑floor unit will be vacant at closing; upper unit is leased through Nov 15, 2026 at $1,725/month.; Both units feature hardwood floors, original built‑ins, spacious living/dining rooms, and private three‑season porches.
