Modern Duplex with Shared
For Sale
$425,000
924 9th Avenue SE, Minneapolis, MN 55414
MULTI_FAMILY - Minneapolis, MN
Property Size2,079 SF
Lot Size0.05 Acres
Price / SF$204.43
Days on Market24
Property Features for 924 9th Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bedroom 6
Exterior features
Vinyl
Subdivision
Clara E Fuller Add
Lot features
Tree Coverage - Medium
High school district
Minneapolis
Directions
35W N to University, right on University, left on 10th, left on 8th, right on 9th. Destination is on your right.
Standard status
Active
APN
2402924210034
Size
2,079 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4790
Utilities
Heating system
Baseboard
Building Details
Year built
1990
Roof type
Shingle
Listing Agency:
Keller Williams Classic Rlty NW · Keller Williams Realty
(763) 463-7500
Listed By:
Michael Moe
(763) 657-4444
Added: Jul 8
Changed: Jul 30
Last Checked: Jul 31 at 10:06PM
MLS# 7095778
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 built-in-1990 duplex features two separate residences, each with 3 bedrooms and 1 bathroom. The property includes fresh updates and modern finishes in both units, and it provides shared Bluetooth-enabled pay-per-load laundry.
Located at 924 9th Avenue SE in Minneapolis, the duplex is about one mile from the University of Minnesota, supporting day-to-day renter demand.
The HOA covers lawn care, snow removal, hazard insurance, and garbage/recycling, helping reduce routine ownership responsibilities. The listing also notes an assumable FHA loan at 3.8%, with a current principal and interest payment of $1,814.56 for the assumption.
Located at 924 9th Avenue SE in Minneapolis, the duplex is about one mile from the University of Minnesota, supporting day-to-day renter demand.
The HOA covers lawn care, snow removal, hazard insurance, and garbage/recycling, helping reduce routine ownership responsibilities. The listing also notes an assumable FHA loan at 3.8%, with a current principal and interest payment of $1,814.56 for the assumption.
Key Highlights
- Duplex built in 1990 with vinyl exterior and shingle roof
- Each unit has 3 bedrooms and 1 bathroom
- Assumable FHA loan referenced at 3.8%, with current principal and interest payment of $1,814.56
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 | $46.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $43.4k | $20.87 |
| − OpEx | −$13.0k | −$6.26 |
| NOI | $30.4k | $14.61 |
2,079 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.9K
$379.7K – $506.3K
NOI $30,376 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$398.6K
$348.8K – $465.0K
NOI $27,900 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,720 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1990, this duplex offers two 3 bed/1 bath units and shared Bluetooth-enabled pay-per-load laundry.
Where is this duplex located?
The property is located at 924 9th Avenue SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex built in 1990 with vinyl exterior and shingle roof; Each unit has 3 bedrooms and 1 bathroom; Assumable FHA loan referenced at 3.8%, with current principal and interest payment of $1,814.56
