Updated Duplex with Private
For Sale
$460,000
3952 Oakland Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,292 SF
Lot Size0.11 Acres
Price / SF$200.70
Days on Market92
Property Features for 3952 Oakland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Laundry Room, Basement, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking features
Garage - Attached, Open, Driveway
Patio and Porch features
Deck
Fencing
Chain Link
High school district
Minneapolis
Directions
Park to 40th west 1 block
Standard status
Active
APN
1102824220072
Size
2,292 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7879
Utilities
Heating system
Forced Air
Amenities
private basement
fenced-in yard
rooftop deck patio
Building Details
Year built
1941
Roof type
Shingle
Listing Agency:
Wits Realty
(612) 444-5507
Listed By:
Samuel Andrews
(402) 432-5729
Added: Jul 6
Changed: Sep 30
Last Checked: Oct 5 at 10:06PM
MLS# 7100848
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 2,292-square-foot duplex contains two residential units, each with a private basement for storage and a garage stall. The property has been updated throughout and includes forced-air heating, a shingle roof, an attached garage, driveway parking, and a fenced chain-link yard. A rooftop deck adds additional outdoor space. One unit is vacant, while the other is leased through 4/2027.
Built in 1941, the property sits on a 0.11-acre lot at 3952 Oakland Avenue in Minneapolis. The configuration includes multiple bedrooms and bathrooms, along with a laundry room and basement areas. Its existing two-unit layout, parking, storage, and outdoor features provide a practical setup for residential income ownership.
Built in 1941, the property sits on a 0.11-acre lot at 3952 Oakland Avenue in Minneapolis. The configuration includes multiple bedrooms and bathrooms, along with a laundry room and basement areas. Its existing two-unit layout, parking, storage, and outdoor features provide a practical setup for residential income ownership.
Key Highlights
- 2,292‑square‑foot duplex with two residential units
- One unit is vacant; the other is leased through 4/2027
- Each unit includes a private basement and garage stall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,488
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,760
$669.8K
Cap Rate 7%
$478,400
$478.4K
Cap Rate 9%
$372,089
$372.1K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$50.9K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.8K $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%
$669,760
Cap Rate 7%
$478,400
Cap Rate 9%
$372,089
Alternative Uses
Best Use
Multifamily LT 5
$478.4K
$418.6K – $558.1K
NOI $33,488 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,758 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$546.8K
$478.5K – $638.0K
NOI $38,278 @ 7.0% cap · market cap 8.32%
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
725
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated interiors, basement storage, attached garage parking, and outdoor space.
Where is this duplex located?
The property is located at 3952 Oakland Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,292‑square‑foot duplex with two residential units; One unit is vacant; the other is leased through 4/2027; Each unit includes a private basement and garage stall
