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    Occupied 4plex Investment Property Title is generated by Realmo AI

    4333 Fremont Avenue N, Minneapolis, MN 55412

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    Claim this Listing
    Pending
    $499,000

    MULTI_FAMILY - Minneapolis, MN

    Type:Apartment
    Property size:
    2,912 SF
    Lot size:
    0.15 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 30 at 3:06 pm

    Property Features for 4333 Fremont Avenue N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 4, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5
    Parking features
    Driveway
    Exterior features
    Stucco
    Standard status
    Pending
    APN
    0402924120077
    Size
    2,912 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6788

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1931
    Building materials
    Block
    Roof type
    Flat

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    Contact an agent
    Steven Degreeff

    Listing agent Steven Degreeff

    Listing office Keller Williams Integrity NW 16201 90th Street NE Suite 100, Otsego, MN

    Listing date Mar 2, 2026

    MLS# 7012023 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

    • Income‑producing 4plex with two 2‑bedroom units and two 1‑bedroom units, all currently occupied
    • Built in 1931 with classic interior features including hardwood floors and natural woodwork
    • Off‑street driveway parking for 5 cars
    • Stucco and block construction with a flat roof
    • Hot water heating system

    Overview

    This income-producing 4plex offers a total of four rental units, arranged as two 2-bedroom units and two 1-bedroom units. All units are currently occupied. Inside, the property retains classic character, including hardwood floors and natural woodwork throughout. Outside, the building includes off-street parking for up to five cars, supporting day-to-day tenant convenience.

    The property is located at 4333 Fremont Avenue N in Minneapolis, near Webber Park. The lot size is listed at 0.15 acres, with a total property size of 2,912 square feet.

    For buyers seeking an owner-occupied or investment 4plex, the current occupancy and unit mix provide immediate rental continuity. The combination of hardwood flooring, natural woodwork, and dedicated off-street parking may appeal to tenants looking for a well-finished interior and practical access. With four units already in place, the property offers straightforward scale for residential income strategy.

    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 $64.6k $22.20
    − Vacancy −$3.9k −$1.33
    EGI $60.8k $20.87
    − OpEx −$18.2k −$6.26
    NOI $42.5k $14.61
    2,912 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $607.8K
    $531.8K – $709.1K (±1% cap)
    NOI $42,546 @ 7.0% cap · market cap 8.53%
    Second Best
    Apartment 5plus
    $558.3K
    $488.5K – $651.3K (±1% cap)
    NOI $39,078 @ 7.0% cap · market cap 7.83%
    Theoretical Best
    Office A
    $694.7K
    $607.9K – $810.5K (±1% cap)
    NOI $48,632 @ 7.0% cap · market cap 9.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.296136
    Latitude
    45.034336

    FAQs

    What type of property is this?
    Quadplex - Income-producing 4plex with four occupied units and off-street parking for five vehicles.
    Where is this quadplex located?
    The property is located at 4333 Fremont Avenue N Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Income‑producing 4plex with two 2‑bedroom units and two 1‑bedroom units, all currently occupied; Built in 1931 with classic interior features including hardwood floors and natural woodwork; Off‑street driveway parking for 5 cars
    More about this property
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