Updated Duplex with Attached
For Sale
$349,900
911 2nd Avenue S, Buffalo, MN 55313
Residential Income, Buffalo, MN
Property Size2,388 SF
Lot Size0.25 Acres
Price / SF$146.52
Days on Market120
Property Features for 911 2nd Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 3, Bathroom 4
Parking features
Garage - Attached, Driveway
Exterior features
Vinyl
Subdivision
Lakeview Heights 2nd Add
High school district
Buffalo-Hanover-Montrose
Directions
From Hwy 55 in Buffalo, Minnesota, south on Hwy 25/Central Ave, right on Settlers Parkway, left on 2nd Ave S to property on right.
Standard status
Active
APN
103034001120
Size
2,388 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4576
Utilities
Heating system
Oil, Baseboard
Amenities
in-unit laundry
shared garage
Building Details
Year built
1973
Building materials
Block
Listing Agency:
Bridge Realty, LLC
Listed By:
Shane J Martin
(952) 368-0021
Added: Jun 8
Changed: Oct 3
Last Checked: Oct 5 at 12:06PM
MLS# 7089211
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 1973 duplex contains 2,388 square feet on a 0.2504-acre parcel in Buffalo. The upper residence has three bedrooms, two bathrooms, and in-unit laundry. The lower residence includes one bedroom plus a den, two bathrooms, and its own laundry. Separate entrances support distinct unit access, while the attached garage and driveway provide shared parking.
Recent property improvements include a roof and siding replacement in 2024, a new garage door in 2024, newer windows, updated flooring in both residences, and additional interior work. The property is located near downtown Buffalo, schools, parks, shopping, restaurants, and lakes, with access to Hwy 55 and Hwy 25. Lease information is available upon request.
Recent property improvements include a roof and siding replacement in 2024, a new garage door in 2024, newer windows, updated flooring in both residences, and additional interior work. The property is located near downtown Buffalo, schools, parks, shopping, restaurants, and lakes, with access to Hwy 55 and Hwy 25. Lease information is available upon request.
Key Highlights
- Two‑unit duplex with 2,388 square feet of property size
- Upper unit includes 3 bedrooms, 2 bathrooms, and in‑unit laundry
- Lower unit offers 1 bedroom plus den, 2 bathrooms, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,046
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,920
$640.9K
Cap Rate 7%
$457,800
$457.8K
Cap Rate 9%
$356,067
$356.1K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$62.2K $26.04/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$58.3K $24.40/SF
− OpEx
−$26.2K −$10.98/SF
NOI
$32.0K $13.42/SF
Area
Wright County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,920
Cap Rate 7%
$457,800
Cap Rate 9%
$356,067
Alternative Uses
Best Use
Multifamily LT 5
$498.4K
$436.1K – $581.5K
NOI $34,890 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.1K
NOI $32,046 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$569.7K
$498.5K – $664.7K
NOI $39,881 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 55313, MN
24,406
Population
9,445
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
107.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,471
Median Household Income
$53,867
Median Earnings
$1,150
Median Rent
$321,000
Median Home Value
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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?
Duplex - Two separate units provide private entrances, in-unit laundry, and a shared garage.
Where is this duplex located?
The property is located at 911 2nd Avenue S Buffalo, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,388 square feet of property size; Upper unit includes 3 bedrooms, 2 bathrooms, and in‑unit laundry; Lower unit offers 1 bedroom plus den, 2 bathrooms, and in‑unit laundry
