Two-Unit Duplex with
New
For Sale
$315,000
1014 26th Avenue NE, Minneapolis, MN 55418
Residential Income, Minneapolis, MN
Property Size1,688 SF
Lot Size0.08 Acres
Price / SF$186.61
Days on Market5
Property Features for 1014 26th Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Subdivision
C B Gedneys Sub Blk 11 Menages Supl
High school district
Minneapolis
Directions
Central Ave to 26th - east to home
Standard status
Active
APN
1202924230001
Size
1,688 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4329
Utilities
Heating system
Forced Air, Baseboard
Amenities
hardwood floors
newer appliances
in-unit laundry
Building Details
Year built
1900
Buildings
1
Listing Agency:
Bridge Realty, LLC
Listed By:
Bruce Heinecke
(952) 368-0021
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 2 at 12:06AM
MLS# 7163329
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,688 square feet across two residences, each with two bedrooms, one bathroom, hardwood flooring, newer appliances, and its own laundry. The property was built in 1900 and occupies a 0.08-acre lot. Heating is provided by baseboard and forced-air systems.
Central Avenue is nearby, with restaurants, coffee shops, and breweries in the surrounding area. Downtown Minneapolis and the University of Minnesota are also described as a short trip away.
Central Avenue is nearby, with restaurants, coffee shops, and breweries in the surrounding area. Downtown Minneapolis and the University of Minnesota are also described as a short trip away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,688 square feet on a 0.08‑acre lot
- In‑unit laundry, hardwood floors, and newer appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,663
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,260
$493.3K
Cap Rate 7%
$352,329
$352.3K
Cap Rate 9%
$274,033
$274.0K
Market Conditions
NOI Build-Up for 1,688 SF
Gross rent
$37.5K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$35.2K $20.87/SF
− OpEx
−$10.6K −$6.26/SF
NOI
$24.7K $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%
$493,260
Cap Rate 7%
$352,329
Cap Rate 9%
$274,033
Alternative Uses
Best Use
Multifamily LT 5
$352.3K
$308.3K – $411.1K
NOI $24,663 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$323.6K
$283.2K – $377.5K
NOI $22,652 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$402.7K
$352.4K – $469.9K
NOI $28,191 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
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Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, hardwood floors, updated appliances, and dedicated in-unit laundry.
Where is this duplex located?
The property is located at 1014 26th Avenue NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,688 square feet on a 0.08‑acre lot; In‑unit laundry, hardwood floors, and newer appliances in both units
