Occupied Four-Unit
For Sale
$475,000
4333 Fremont Avenue N, Minneapolis, MN 55412
Residential Income, Minneapolis, MN
Property Size2,912 SF
Lot Size0.15 Acres
Price / SF$163.12
Days on Market44
Property Features for 4333 Fremont Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bathroom 4, Bedroom 2
Parking features
Driveway
Exterior features
Stucco
Subdivision
Peteler & Goodrichs Add
Lot features
Tree Coverage - Medium
High school district
Minneapolis
Directions
94 to Dowling. West to Fremont. North to property
Standard status
Active
APN
0402924120077
Size
2,912 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7056
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1931
Building materials
Block
Roof type
Flat
Listing Agency:
Keller Williams Integrity NW · Keller Williams Realty
(763) 441-2248
Listed By:
Steven Degreeff
(612) 247-7588
Added: Jul 23
Changed: Sep 2
Last Checked: Sep 4 at 8:06AM
MLS# 7114951
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.
Built in 1931, this 2,912-square-foot quadplex contains four occupied residences arranged as two two-bedroom units and two one-bedroom units. Interior details include hardwood floors and natural woodwork, while the building is constructed with block materials and finished with stucco. Heating is provided by a hot water system, and the structure has a flat roof.
The property occupies 0.15 acres and includes driveway parking for five cars. A basement is also among the building’s listed rooms. The asset is located near Webber Park in Minneapolis.
The property occupies 0.15 acres and includes driveway parking for five cars. A basement is also among the building’s listed rooms. The asset is located near Webber Park in Minneapolis.
Key Highlights
- Four occupied units: two 2‑bedroom residences and two 1‑bedroom residences
- 2,912 square feet on a 0.15‑acre lot
- Five‑car off‑street driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,546
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,920
$850.9K
Cap Rate 7%
$607,800
$607.8K
Cap Rate 9%
$472,733
$472.7K
Market Conditions
NOI Build-Up for 2,912 SF
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.
Gross rent
$64.6K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$60.8K $20.87/SF
− OpEx
−$18.2K −$6.26/SF
NOI
$42.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,920
Cap Rate 7%
$607,800
Cap Rate 9%
$472,733
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,546 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,078 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$694.7K
$607.9K – $810.5K
NOI $48,632 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 55412, MN
23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences with hardwood flooring, natural woodwork, and driveway parking.
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 $475,000.
What are key features of this property?
This property features: Four occupied units: two 2‑bedroom residences and two 1‑bedroom residences; 2,912 square feet on a 0.15‑acre lot; Five‑car off‑street driveway parking
