Side-by-Side Duplex with
5608 -5610 28th Avenue S Minneapolis, MN 55417
New
For Sale
$469,900
MULTI_FAMILY - Minneapolis, MN
Property Size2,231 SF
Lot Size0.01 Acres
Price / SF$210.62
Days on Market2
Property Features for 5608 -5610 28th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 2402824130003
- Size
- 2,231 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6434
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1959
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Mariah Adanene
(612) 600-6000
Added: Jul 23
Last Checked: Jul 24 at 3:06AM
MLS# 7105255
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 side-by-side duplex features two separate units, each with two bedrooms and one full bathroom. Interior updates include recently refinished original hardwood floors, a recently updated kitchen with new cabinetry, quartz countertops, and brand-new stainless steel appliances, and refreshed full bathrooms with new vanities and a new tub/shower system. Each unit also includes its own basement, creating potential to add additional bedrooms and one bathroom. Outdoors, there is a privacy fenced-in backyard.
The property includes a two-car garage with new doors and door openers, along with an additional two-car slab parking area. It is located directly across from Bossen Field Park, with nearby trails connecting to Lake Nokomis and Hiawatha.
With updated finishes and independent basements for each unit, this duplex is configured for straightforward separate living arrangements while offering expansion options within the existing lower levels.
The property includes a two-car garage with new doors and door openers, along with an additional two-car slab parking area. It is located directly across from Bossen Field Park, with nearby trails connecting to Lake Nokomis and Hiawatha.
With updated finishes and independent basements for each unit, this duplex is configured for straightforward separate living arrangements while offering expansion options within the existing lower levels.
Key Highlights
- Side‑by‑side duplex built in 1959, directly across from Bossen Field Park
- Each unit has 2 bedrooms and 1 full bathroom
- Recently refinished original hardwood floors and a sizable living room in each unit
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 | $49.5k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $46.6k | $20.87 |
| − OpEx | −$14.0k | −$6.26 |
| NOI | $32.6k | $14.61 |
2,231 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.3K
NOI $32,596 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$427.7K
$374.2K – $499.0K
NOI $29,939 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$532.3K
$465.7K – $621.0K
NOI $37,259 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each unit offers two bedrooms and one full bathroom, with updated interiors, private basements, and off-street parking.
Where is this duplex located?
The property is located at 5608 -5610 28th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1959, directly across from Bossen Field Park; Each unit has 2 bedrooms and 1 full bathroom; Recently refinished original hardwood floors and a sizable living room in each unit
