Duplex with Separate
New
For Sale
$499,900
1015 43 1/2 Avenue NE, Columbia Heights, MN 55421
Columbia Heights, MN
Property Size2,425 SF
Price / SF$206.14
Days on Market4
Property Features for 1015 43 1/2 Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 5
Subdivision
Reservoir Hills
Standard status
Active
Size
2,425 SF
Building Details
Year built
1979
Listing Agency:
Engel & Volkers Minneapolis · Engel & Völkers
(612) 338-3836
Listed By:
Katherine Mahoney
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 4:06PM
MLS# 7149322
Copyright © 2026 Engel & Völkers. 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 2,425-square-foot duplex, built in 1979, is arranged as two residences without shared walls. Each side has 3 bedrooms and 2 bathrooms. The owner-occupied unit includes an attached oversized garage.
Reported improvements include doors, cement, trim paint, showers, toilets, appliances, and HVAC.
Reported improvements include doors, cement, trim paint, showers, toilets, appliances, and HVAC.
Key Highlights
- 2,425‑square‑foot duplex built in 1979
- Two residences with no shared walls
- Each unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,035
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,700
$600.7K
Cap Rate 7%
$429,071
$429.1K
Cap Rate 9%
$333,722
$333.7K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$46.0K $18.96/SF
− Vacancy
−$3.1K −$1.27/SF
EGI
$42.9K $17.69/SF
− OpEx
−$12.9K −$5.31/SF
NOI
$30.0K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,700
Cap Rate 7%
$429,071
Cap Rate 9%
$333,722
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.4K – $500.6K
NOI $30,035 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$395.4K
$346.0K – $461.3K
NOI $27,677 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$673.6K
$589.4K – $785.9K
NOI $47,151 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value
Check the figures for this property
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 - Each side provides three bedrooms and two bathrooms, with an attached oversized garage on the owner-occupied side.
Where is this duplex located?
The property is located at 1015 43 1/2 Avenue NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,425‑square‑foot duplex built in 1979; Two residences with no shared walls; Each unit has 3 bedrooms and 2 bathrooms
