Duplex Residential
For Sale
$475,000
Pending
104 Meadow Circle S, Burnsville, MN 55337
Two-unit residential property offering an income-producing configuration.
Property Size2,560 SF
Days on Market59
Property Features for 104 Meadow Circle S
General Information
Standard status
Pending
Size
2,560 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,296
Listing Agency:
RE/MAX Results
(952) 431-2400
Listed By:
The Fiorella Group
(612) 388-8186
Source:
Exprealty
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 24 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
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Investment Insights
Based on property information with market context.
This duplex property contains 2,560 square feet of residential space and is configured for two separate units. The property is located at 104 Meadow Circle S in Burnsville, Minnesota 55337.
Key Highlights
- Duplex configuration with two residential units
- 2,560 square feet of property size
- Located at 104 Meadow Circle S, Burnsville, MN 55337
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,403
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,060
$748.1K
Cap Rate 7%
$534,329
$534.3K
Cap Rate 9%
$415,589
$415.6K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$56.8K $22.20/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$53.4K $20.87/SF
− OpEx
−$16.0K −$6.26/SF
NOI
$37.4K $14.61/SF
Area
Dakota County, 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%
$748,060
Cap Rate 7%
$534,329
Cap Rate 9%
$415,589
Alternative Uses
Best Use
Multifamily LT 5
$534.3K
$467.5K – $623.4K
NOI $37,403 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$490.8K
$429.4K – $572.6K
NOI $34,354 @ 7.0% cap · market cap 7.23%
Theoretical Best
Healthcare Medical
$630.0K
$551.2K – $735.0K
NOI $44,099 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 55337, MN
47,333
Population
19,695
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
18.7 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,641
Median Household Income
$46,602
Median Earnings
$1,463
Median Rent
$327,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property offering an income-producing configuration.
Where is this duplex located?
The property is located at 104 Meadow Circle S Burnsville, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; 2,560 square feet of property size; Located at 104 Meadow Circle S, Burnsville, MN 55337
