6029 Portland Avenue, Minneapolis, MN 55417
- Added:
- Jun 8, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 30 at 10:06 pm
Property Features for 6029 Portland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1
- Parking features
- Driveway, Garage, Garage - Detached
- Exterior features
- Metal, Vinyl
- Fencing
- Privacy
- Standard status
- Pending
- APN
- 2302824330108
- Size
- 2,620 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6122
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1912
- Building materials
- Frame
- Roof type
- Shingle
Listing agent Joshua Brook (612) 444-5507
Listing office Wits Realty 1153 16th Ave SE, Minneapolis, MN (612) 444-5507
Listing date Jun 8, 2026
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.
HighLights
- Duplex in the Diamond Lake area with immediate income: both units are leased through August 2026
- Current leases are at $1,800/month each ($3,600/month gross rent total)
- 1,838 finished SF with a two‑story layout and 2 separate units
- Detached garage plus off‑street parking and driveway
- Built in 1912 with frame construction, vinyl and metal exterior, and a shingle roof
- Forced‑air heating and privacy fencing
Overview
The duplex is in the Diamond Lake area of Minneapolis, MN 55417. Both units are currently leased through August 2026, providing in-place income. The stated rent is $1,800 per month per unit, for $3,600 in total gross monthly rent, which can support a new owner looking to assume existing tenants or plan for lease-end decisions.
For investors or owner-occupants seeking residential income with established occupancy, this property’s two-unit configuration and maintained improvements may fit a range of strategies. The detached garage and off-street parking add practical day-to-day value for tenants. With leases running to August 2026, the asset offers an immediate income stream and a defined point in time to review future unit terms.
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 | $58.2k | $22.20 |
| − Vacancy | −$3.5k | −$1.33 |
| EGI | $54.7k | $20.87 |
| − OpEx | −$16.4k | −$6.26 |
| NOI | $38.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.267398
- Latitude
- 44.893243
