Renovated Duplex Investment
904 9th Avenue SE Minneapolis, MN 55414
904 9th Avenue SE, Minneapolis, MN, 55414
$384,900
For Sale
$384,900
MULTI_FAMILY - Minneapolis, MN
Property Size2,376 SF
Lot Size0.06 Acres
Price / SF$161.99
Days on Market50
Property Features for 904 9th Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 1
- Parking features
- Parking Lot, Driveway
- Exterior features
- Vinyl
- Fencing
- Privacy
- Standard status
- Active
- APN
- 2402924210029
- Size
- 2,376 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7404
Utilities
- Heating system
- Radiant
Building Details
- Year built
- 1990
- Building materials
- Block, Frame
- Roof type
- Shingle
Listing agency
Chestnut Realty Inc
(952) 448-3344
Listed by
Ken Haasken
(952) 448-4925
Added: Jun 4 Updated: Jun 30 at 1:00AM Checked: Jul 23 at 3:06AM
MLS# 7087225
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 very clean duplex features two separate units, each with 3 bedrooms and 1 bathroom, along with a kitchen, dining area, and living room. Combined, the property offers 6 bedrooms and 2 bathrooms. The lower level has been completely renovated, including new kitchen cabinetry, new vinyl plank flooring, a refreshed bathroom with a new vanity, new carpeting, and a new A/C unit.
The upper level includes updates such as new carpeting installed about four years ago, along with new paint, a new bathroom vanity, and new kitchen flooring. The property sits on a small lot and is offered for sale.
For buyers seeking a residential income property, the layout supports straightforward unit-based leasing with consistent bedroom and bathroom configurations across both units. Recent interior improvements on the lower level and earlier updates on the upper level may help reduce near-term turnover needs and support ongoing rental use. With two full units on one property, this duplex can also appeal to owners who prefer hands-on management of separate living spaces under a single investment structure.
The upper level includes updates such as new carpeting installed about four years ago, along with new paint, a new bathroom vanity, and new kitchen flooring. The property sits on a small lot and is offered for sale.
For buyers seeking a residential income property, the layout supports straightforward unit-based leasing with consistent bedroom and bathroom configurations across both units. Recent interior improvements on the lower level and earlier updates on the upper level may help reduce near-term turnover needs and support ongoing rental use. With two full units on one property, this duplex can also appeal to owners who prefer hands-on management of separate living spaces under a single investment structure.
Key Highlights
- Clean duplex built in 1990 with block and frame construction and a shingle roof
- Both units are 3‑bedroom, 1‑bath with kitchen, dining, and living room; total 6 bedrooms and 2 bathrooms
- Lower level renovated with new kitchen cabinetry, vinyl plank flooring, bathroom vanity, carpet, and a new A/C 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 | $52.7k | $22.20 |
| − Vacancy | −$3.2k | −$1.33 |
| EGI | $49.6k | $20.87 |
| − OpEx | −$14.9k | −$6.26 |
| NOI | $34.7k | $14.61 |
2,376 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.6K
NOI $34,715 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,885 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 10.31%
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 - Renovated duplex with two 3-bedroom, 1-bath units and practical updates for rental readiness.
Where is this duplex located?
The property is located at 904 9th Avenue SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Clean duplex built in 1990 with block and frame construction and a shingle roof; Both units are 3‑bedroom, 1‑bath with kitchen, dining, and living room; total 6 bedrooms and 2 bathrooms; Lower level renovated with new kitchen cabinetry, vinyl plank flooring, bathroom vanity, carpet, and a new A/C unit
