Duplex With Detached
New
For Sale
$435,000
3116 17th Avenue S, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,638 SF
Lot Size0.12 Acres
Price / SF$164.90
Days on Market1
Property Features for 3116 17th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Garage - Detached, Driveway
Fencing
Chain Link
Subdivision
Powder Horn Park Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Minneapolis
Directions
Cedar Ave to 32nd W. to 17th Ave
Standard status
Active
APN
0202824110201
Size
2,638 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6031
Utilities
Heating system
Hot Water(Heating)
Amenities
shared basement laundry
two storage rooms
fenced backyard
Building Details
Year built
1908
Building materials
Frame
Roof type
Shingle
Listing Agency:
LaBelle Real Estate Group Inc
Listed By:
Crush Real Estate Group - Jennifer A. Tillges
(651) 705-0166
Added: Oct 5
Last Checked: Oct 5 at 7:06PM
MLS# 7155261
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 2,638-square-foot, up-and-down duplex was built in 1908 and sits on a 0.12-acre lot. Interior details include refinished hardwood flooring and stained-glass windows, with updated kitchen cabinetry in the main-floor unit. Improvements include newer Marvin windows, a newer shingle roof, basement glass-block windows, fresh-air intakes, and added sound separation between units.
The property has two storage rooms, shared basement laundry, a fenced backyard, and a detached two-car garage with a driveway. It is in Minneapolis near Powderhorn Park and Lake, a recreation center, and Midtown Global Market, which offers dining and shopping.
The property has two storage rooms, shared basement laundry, a fenced backyard, and a detached two-car garage with a driveway. It is in Minneapolis near Powderhorn Park and Lake, a recreation center, and Midtown Global Market, which offers dining and shopping.
Key Highlights
- Two‑unit, up‑and‑down duplex with 2,638 square feet
- 0.12‑acre lot; built in 1908
- Detached two‑car garage, driveway, and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,543
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,860
$770.9K
Cap Rate 7%
$550,614
$550.6K
Cap Rate 9%
$428,256
$428.3K
Market Conditions
NOI Build-Up for 2,638 SF
Gross rent
$58.6K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$55.1K $20.87/SF
− OpEx
−$16.5K −$6.26/SF
NOI
$38.5K $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%
$770,860
Cap Rate 7%
$550,614
Cap Rate 9%
$428,256
Alternative Uses
Best Use
Multifamily LT 5
$550.6K
$481.8K – $642.4K
NOI $38,543 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,401 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$629.4K
$550.7K – $734.3K
NOI $44,056 @ 7.0% cap · market cap 10.13%
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
1,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
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 - Separate utility service and shared basement laundry serve the two-unit configuration.
Where is this duplex located?
The property is located at 3116 17th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit, up‑and‑down duplex with 2,638 square feet; 0.12‑acre lot; built in 1908; Detached two‑car garage, driveway, and fenced backyard
