Quadplex with
For Sale
$664,900
5116 Edgewood Avenue N, Crystal, MN 55428
Residential Income, Crystal, MN
Property Size4,500 SF
Lot Size0.38 Acres
Price / SF$147.76
Days on Market68
Property Features for 5116 Edgewood Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Exterior features
Vinyl
Subdivision
Russ Add To Crystal Village
High school district
Robbinsdale
Directions
Douglas Drive (North) to Corvallis Avenue , West One Block To Edgewood
Standard status
Active
APN
0811821140039
Size
4,500 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10000
Utilities
Heating system
Forced Air
Building Details
Year built
1962
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Anthony Giron
(952) 829-2900
Added: Jul 10
Changed: Sep 13
Last Checked: Sep 15 at 6:06AM
MLS# 7085895
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 four-unit multifamily property at 5116 Edgewood Avenue N in Crystal includes 4,500 square feet of building area on a 0.38-acre lot. The room configuration includes eight bedrooms, four bathrooms, and basement space. Exterior vinyl siding and forced-air heating are among the documented property features.
Constructed in 1962, the property is located in Crystal, Minnesota, within Hennepin County. Its four-unit layout provides a clearly defined multifamily format, while the combination of bedroom and bathroom count offers substantial residential capacity within the building.
Constructed in 1962, the property is located in Crystal, Minnesota, within Hennepin County. Its four-unit layout provides a clearly defined multifamily format, while the combination of bedroom and bathroom count offers substantial residential capacity within the building.
Key Highlights
- Four‑unit multifamily property
- 4,500 square feet on a 0.38‑acre lot
- Eight bedrooms and four bathrooms
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
$58,316
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
8.77%
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%
$1,166,320
$1.2M
Cap Rate 7%
$833,086
$833.1K
Cap Rate 9%
$647,956
$648.0K
Market Conditions
NOI Build-Up for 4,500 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
$89.1K $19.80/SF
− Vacancy
−$5.8K −$1.29/SF
EGI
$83.3K $18.51/SF
− OpEx
−$25.0K −$5.55/SF
NOI
$58.3K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /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%
$1,166,320
Cap Rate 7%
$833,086
Cap Rate 9%
$647,956
Alternative Uses
Best Use
Multifamily LT 5
$833.1K
$729.0K – $971.9K
NOI $58,316 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$751.4K
$657.5K – $876.6K
NOI $52,598 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,152 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 55428, MN
31,896
Population
13,495
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,938
Density / Sq Mi
$69,004
Median Household Income
$43,173
Median Earnings
$1,291
Median Rent
$277,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four-unit property with vinyl siding, forced-air heating, and basement space.
Where is this quadplex located?
The property is located at 5116 Edgewood Avenue N Crystal, MN.
What is the asking price?
The asking price for this property is $664,900.
What are key features of this property?
This property features: Four‑unit multifamily property; 4,500 square feet on a 0.38‑acre lot; Eight bedrooms and four bathrooms
