Duplex with Sunroom and Separate
5001 Thomas Avenue S Minneapolis, MN 55410
5001 Thomas Avenue S, Minneapolis, MN, 55410
$485,000
For Sale
$485,000
MULTI_FAMILY - Minneapolis, MN
Property Size1,730 SF
Lot Size0.11 Acres
Price / SF$280.35
Days on Market101
Property Features for 5001 Thomas Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 1
- Parking features
- Garage, Driveway, Garage - Attached, Open
- Exterior features
- Metal, Vinyl
- Standard status
- Active
- APN
- 1702824410108
- Size
- 1,730 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7961
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1941
- Roof type
- Shingle
Listing Agency
RE/MAX Advantage Plus
(952) 226-7700
13875 Hwy 13 Suite 100, Savage, MN
Listed by
Jason Walgrave · License #MN 20359201
(952) 226-7700
Added: Apr 9 Checked: Jul 18 at 3:06 am
MLS# 7052362
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.
Investment Insights
Based on property information with market context.
This duplex offers two separate 1-bedroom, 1-bath layouts, each with hardwood floors and sun-filled living space. In both units, you’ll find a bright kitchen with an adjoining dining area, plus a cozy sunroom for added everyday comfort. The property also includes shared basement laundry and ample storage, while each unit benefits from its own garage and driveway, improving day-to-day convenience.
Located at 5001 Thomas Avenue S in Southwest Minneapolis, the home is positioned for an outdoor-focused lifestyle, with Lake Harriet and Bde Maka Ska just minutes away. Scenic trails and neighborhood parks are also nearby, supporting regular walking, recreation, and easy local access.
For buyers, the configuration provides practical flexibility: an owner-occupant can live in one unit while renting the other, or an investor can consider renting one or both. With consistent unit layouts and in-unit living features like sunrooms, it’s well suited to tenants seeking comfortable, functional space alongside shared basement laundry for the building.
Located at 5001 Thomas Avenue S in Southwest Minneapolis, the home is positioned for an outdoor-focused lifestyle, with Lake Harriet and Bde Maka Ska just minutes away. Scenic trails and neighborhood parks are also nearby, supporting regular walking, recreation, and easy local access.
For buyers, the configuration provides practical flexibility: an owner-occupant can live in one unit while renting the other, or an investor can consider renting one or both. With consistent unit layouts and in-unit living features like sunrooms, it’s well suited to tenants seeking comfortable, functional space alongside shared basement laundry for the building.
Key Highlights
- Duplex built in 1941 with metal and vinyl exterior and a shingle roof
- Each unit includes 1 bedroom and 1 bathroom, plus a kitchen and adjoining dining area
- Hardwood floors and sunrooms in each unit
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 | $38.4k | $22.20 |
| − Vacancy | −$2.3k | −$1.33 |
| EGI | $36.1k | $20.87 |
| − OpEx | −$10.8k | −$6.26 |
| NOI | $25.3k | $14.61 |
1,730 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.1K
$316.0K – $421.3K
NOI $25,277 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$331.7K
$290.2K – $386.9K
NOI $23,216 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 1BR/1BA units with hardwood floors, sunrooms, and shared laundry, suited for owner-occupants or renters.
Where is this duplex located?
The property is located at 5001 Thomas Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Duplex built in 1941 with metal and vinyl exterior and a shingle roof; Each unit includes 1 bedroom and 1 bathroom, plus a kitchen and adjoining dining area; Hardwood floors and sunrooms in each unit
