Vacant-Upper Duplex with Detached
958 26th Avenue NE Minneapolis, MN 55418
New
For Sale
$394,900
MULTI_FAMILY - Minneapolis, MN
Property Size2,574 SF
Lot Size0.08 Acres
Price / SF$153.42
Days on Market4
Property Features for 958 26th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Basement, Bedroom 1
- Parking features
- Garage - Detached
- Standard status
- Active
- APN
- 1202924230014
- Size
- 2,574 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5554
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1900
Listing Agency:
RE/MAX Results
(952) 848-2400
Listed By:
Clark Lensing · License #40534808
(952) 829-2900
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 24 at 2:06AM
MLS# 7112559
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 duplex offers two separate residential units with a total finished area of 2,574 square feet. The upper unit is vacant and features 3 bedrooms plus a dedicated office, along with a top-floor space measuring 32 by 21, and one full bath. The main-level unit is a 2-bedroom, 1-bath home with living and dining areas and is currently leased through January 31, 2027.
The property includes a 1-car detached garage and extra off-street parking, plus a full unfinished basement for storage. Located in Minneapolis, MN 55418, the home sits on a lot of 0.08 acres.
With one unit move-in ready and the other unit under lease through 2027, this is a straightforward duplex setup for owner-occupants or investors seeking established income alongside a vacant unit for immediate use.
The property includes a 1-car detached garage and extra off-street parking, plus a full unfinished basement for storage. Located in Minneapolis, MN 55418, the home sits on a lot of 0.08 acres.
With one unit move-in ready and the other unit under lease through 2027, this is a straightforward duplex setup for owner-occupants or investors seeking established income alongside a vacant unit for immediate use.
Key Highlights
- Duplex with vacant upper unit featuring 3 bedrooms, a dedicated office, and 1 full bath
- Upper unit includes a large top‑floor space measuring 32x21
- Main‑level unit is a 2‑bedroom, 1‑bath home currently leased through January 31, 2027
Financial Insights For Apartment 5plus
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 | $67.0k | $26.04 |
| − Vacancy | −$4.2k | −$1.64 |
| EGI | $62.8k | $24.40 |
| − OpEx | −$28.3k | −$10.98 |
| NOI | $34.5k | $13.42 |
2,574 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$493.5K
$431.8K – $575.7K
NOI $34,542 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$614.1K
$537.3K – $716.5K
NOI $42,987 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a vacant upper unit and a leased main-level unit, plus a 1-car detached garage and off-street parking.
Where is this duplex located?
The property is located at 958 26th Avenue NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Duplex with vacant upper unit featuring 3 bedrooms, a dedicated office, and 1 full bath; Upper unit includes a large top‑floor space measuring 32x21; Main‑level unit is a 2‑bedroom, 1‑bath home currently leased through January 31, 2027
