Updated 4-Plex with Off-Street
2125 Harriet Avenue Minneapolis, MN 55405
For Sale
$995,000
MULTI_FAMILY - Minneapolis, MN
Property Size5,000 SF
Lot Size0.14 Acres
Price / SF$199
Days on Market310
Property Features for 2125 Harriet Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 4, Basement, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 3
- Parking features
- Assigned, Driveway
- Exterior features
- Brick/Stone, Wood
- Fencing
- Privacy
- Standard status
- Active
- APN
- 3402924220079
- Size
- 5,000 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15776
Utilities
- Heating system
- Oil, Hot Water(Heating)
Building Details
- Year built
- 1910
- Roof type
- Flat
Listing Agency:
Keller Williams Premier Realty Lake Minnetonka
(952) 475-0111
Listed By:
Benjamin C Dzurik
(952) 475-0111
Added: Sep 19, 2025
Changed: Jul 24
Last Checked: Jul 25 at 9:06AM
MLS# 6647526
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 updated 4-plex includes a range of capital improvements completed over the past couple of years, including roof, gutters, fascia, insulation, windows, doors, interior finishes, and electrical work. Units also feature updated flooring, paint, trim, light fixtures, blinds, radiator valves, and water heaters. The property has brick exterior elements, outdoor living space including a paver patio and fenced areas, and a bright, clean lower level with storage. Each unit appears to have entries at a foyer and a large back porch with two access points, plus three staircases serving the building. Utilities are metered separately for gas and electric, and the building offers off-street paved parking.
The property is located at 2125 Harriet Avenue in Minneapolis, MN 55405 on a 0.14-acre lot. The surrounding remarks describe the setting as a convenient location on a quiet street. Access for showings is described as requiring 48 hours’ notice.
For tenants and operators, the building’s extensive updates and separate utility metering support a more turnkey operating profile. With all units rented as of the listing remarks and professionally managed, this property may fit buyers seeking an income-producing residential asset. The remarks also note potential condo conversion opportunity, subject to applicable approvals and requirements.
The property is located at 2125 Harriet Avenue in Minneapolis, MN 55405 on a 0.14-acre lot. The surrounding remarks describe the setting as a convenient location on a quiet street. Access for showings is described as requiring 48 hours’ notice.
For tenants and operators, the building’s extensive updates and separate utility metering support a more turnkey operating profile. With all units rented as of the listing remarks and professionally managed, this property may fit buyers seeking an income-producing residential asset. The remarks also note potential condo conversion opportunity, subject to applicable approvals and requirements.
Key Highlights
- 4‑plex built in 1910 with brick/stone and wood exterior and a flat roof
- Capital improvements in recent years include new roof, gutters, fascia, insulation, windows, doors, flooring, trim, and paint
- Electrical and mechanical updates include electric panel, radiator valves, light fixtures, and water heaters
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 | $111.0k | $22.20 |
| − Vacancy | −$6.6k | −$1.33 |
| EGI | $104.4k | $20.87 |
| − OpEx | −$31.3k | −$6.26 |
| NOI | $73.1k | $14.61 |
5,000 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.2K – $1.22M
NOI $73,054 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$958.6K
$838.7K – $1.12M
NOI $67,099 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,503 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Solar Advisor
Green Energy Supplier
Cammy Corporation
Real Estate Agency
FAQs
What type of property is this?
Quadplex - Well-updated multi-family building with separate gas and electric metering and off-street paved parking.
Where is this quadplex located?
The property is located at 2125 Harriet Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4‑plex built in 1910 with brick/stone and wood exterior and a flat roof; Capital improvements in recent years include new roof, gutters, fascia, insulation, windows, doors, flooring, trim, and paint; Electrical and mechanical updates include electric panel, radiator valves, light fixtures, and water heaters
