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Residential Duplex Investment
For Sale
$369,900

4509 Fillmore Street NE, Columbia Heights, MN 55421

MULTI_FAMILY - Columbia Heights, MN

Property Size1,850 SF
Lot Size0.14 Acres
Price / SF$199.95
Days on Market10

Property Features for 4509 Fillmore Street NE

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Multi-Family
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5
Parking features Garage - Detached
Exterior features Aluminum Siding, Stucco
Fencing Chain Link
Lot features Tree Coverage - Light
High school district Columbia Heights
Directions Central To 45th, East To Filmore, North To Home.
Standard status Active
APN 253024340100
Size 1,850 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6006

Utilities

Heating system Forced Air, Hot Water(Heating)

Building Details

Year built 1959
Building materials Block, Concrete
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Lucas Hansen
Added: Jul 22 Changed: Jul 30 Last Checked: Jul 31 at 7:06PM
MLS# 7114454

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 residential income property is a duplex, offered for sale in Columbia Heights, Minnesota. The property is listed under multiple related categories, including multifamily and residential income properties.

The address is 4509 Fillmore Street NE, Columbia Heights, MN 55421, within Anoka County. The lot size is 0.143 acres, and the property size is listed as 1,850 square feet.

For buyers seeking a duplex format, this listing provides a straightforward residential income configuration based on the property’s described use as a duplex.

Key Highlights

  • Detached garage with chain‑link fencing
  • Year built: 1959
  • Exterior features include aluminum siding and stucco

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 $35.1k $18.96
− Vacancy −$2.3k −$1.27
EGI $32.7k $17.69
− OpEx −$9.8k −$5.31
NOI $22.9k $12.39
1,850 SF · lease $18.96/SF/yr · vacancy 6.68% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$327.3K
$286.4K – $381.9K (±1% cap)
NOI $22,913 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K (±1% cap)
NOI $21,114 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$513.9K
$449.6K – $599.5K (±1% cap)
NOI $35,971 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby

Demographics for 55421, MN

30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Residential income duplex for sale in Columbia Heights, MN.
Where is this duplex located?
The property is located at 4509 Fillmore Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Detached garage with chain‑link fencing; Year built: 1959; Exterior features include aluminum siding and stucco
More about this property
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