Duplex with Private
3917 Garfield Avenue Minneapolis, MN 55409
3917 Garfield Avenue, Minneapolis, MN, 55409
$539,950
For Sale
$539,950
MULTI_FAMILY - Minneapolis, MN
Property Size2,270 SF
Lot Size0.12 Acres
Price / SF$237.86
Days on Market142
Property Features for 3917 Garfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bedroom 4
- Parking features
- Garage - Detached
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 1002824220199
- Size
- 2,270 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9976
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1905
- Building materials
- Block, Frame
- Roof type
- Shingle
Listing agency
RE/MAX Advantage Plus
(763) 755-1100
Listed by
Cory Rudnitski · License #496501399
(952) 226-7700
Added: Mar 2 Updated: Jul 21 at 12:48AM Checked: Jul 22 at 10:06AM
MLS# 7029062
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 duplex in Minneapolis offers two separate living setups, with each unit having its own private entrance and a roomy interior layout. Both units include dedicated living and dining spaces and full kitchens with stainless appliances. The configuration provides two spacious bedrooms and a full updated bathroom with tile. Outdoor space is supported by an oversized two-stall garage with ample storage, plus a fenced backyard designed for low-maintenance enjoyment. The yard includes a stone fire pit, rock and concrete patio, landscaping, and climbing vines. The main level entry includes a three-season porch, while the upper level has a newer deck and stairs for additional outdoor relaxation.
The property is described as perfectly situated between King Field and East Harriet, placing it within the established Minneapolis residential area referenced by the current remarks.
For owner-occupants, the layout supports living on one level while renting the other, with both units noted as updated. For buyers evaluating alternative configurations, the remarks also reference potential to become a triplex, while still maintaining separate, private entries and a functional garage for practical day-to-day storage.
The property is described as perfectly situated between King Field and East Harriet, placing it within the established Minneapolis residential area referenced by the current remarks.
For owner-occupants, the layout supports living on one level while renting the other, with both units noted as updated. For buyers evaluating alternative configurations, the remarks also reference potential to become a triplex, while still maintaining separate, private entries and a functional garage for practical day-to-day storage.
Key Highlights
- Duplex built in 1905 with brick/stone exterior and block/frame construction
- Hot water heating; roof is shingle
- Detached 2‑stall garage with ample storage space
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 | $50.4k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $47.4k | $20.87 |
| − OpEx | −$14.2k | −$6.26 |
| NOI | $33.2k | $14.61 |
2,270 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.8K
$414.6K – $552.8K
NOI $33,166 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.7K
NOI $30,463 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$541.6K
$473.9K – $631.8K
NOI $37,910 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units each feature private entrances, full kitchens, and bedrooms, supported by a large two-stall garage and fenced yard.
Where is this duplex located?
The property is located at 3917 Garfield Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $539,950.
What are key features of this property?
This property features: Duplex built in 1905 with brick/stone exterior and block/frame construction; Hot water heating; roof is shingle; Detached 2‑stall garage with ample storage space
