Two-Story Duplex with Detached
For Sale
$333,000
Pending
628 4th Street NE, Minneapolis, MN 55413
Residential Income, Minneapolis, MN
Property Size2,016 SF
Lot Size0.15 Acres
Days on Market39
Property Features for 628 4th Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Laundry Room, Basement
Parking features
Open, Driveway, Garage - Detached
Subdivision
Town Of St Anthony
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Minneapolis
Directions
University Ave NE, East on 7th Ave NE to 4th Street NE, South to home
Standard status
Pending
APN
1402924310160
Size
2,016 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6048
Utilities
Heating system
Space Heater, Forced Air
Building Details
Year built
1904
Building materials
Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Stephanie S Gruver
(952) 829-2900
Added: Aug 31
Changed: Oct 3
Last Checked: Oct 8 at 1:06AM
MLS# 7132253
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 2,016-square-foot duplex was built in 1904 and occupies a 0.15-acre lot. The two-story frame building has hardwood floors and original-style woodwork, with forced-air heat and central air on the main floor. The upper unit has its own professionally installed gas heating system but no central air. Each unit is served by a 100-amp circuit breaker panel in the basement. A detached two-stall garage and private backyard are also part of the property.
The property is in northeast Minneapolis, near parks, trails, restaurants, shops, the Mississippi River and the Northeast Minneapolis Arts District. The Truth in Sale of Housing report identifies no required repairs, and the Energy Disclosure Report score is 91 out of 100. The property is offered as-is.
The property is in northeast Minneapolis, near parks, trails, restaurants, shops, the Mississippi River and the Northeast Minneapolis Arts District. The Truth in Sale of Housing report identifies no required repairs, and the Energy Disclosure Report score is 91 out of 100. The property is offered as-is.
Key Highlights
- 2,016‑square‑foot duplex on a 0.15‑acre lot
- Built in 1904; two stories with hardwood floors and vintage woodwork
- Main‑floor central air; separate gas heating system serves the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,455
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,100
$589.1K
Cap Rate 7%
$420,786
$420.8K
Cap Rate 9%
$327,278
$327.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$44.8K $22.20/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$42.1K $20.87/SF
− OpEx
−$12.6K −$6.26/SF
NOI
$29.5K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,100
Cap Rate 7%
$420,786
Cap Rate 9%
$327,278
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,455 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$386.5K
$338.2K – $450.9K
NOI $27,054 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$481.0K
$420.9K – $561.1K
NOI $33,668 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
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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?
Duplex - A vintage two-unit residence offers separate heating systems and private outdoor space in northeast Minneapolis.
Where is this duplex located?
The property is located at 628 4th Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: 2,016‑square‑foot duplex on a 0.15‑acre lot; Built in 1904; two stories with hardwood floors and vintage woodwork; Main‑floor central air; separate gas heating system serves the upper unit
