Two-Unit Duplex
For Sale
$459,900
1135 Washington St NE, Minneapolis, MN 55413
Up-and-down layout provides four bedrooms and one bathroom in each residence.
Property Size2,376 SF
Price / SF$193.56
Days on Market50
Property Features for 1135 Washington St NE
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
RE/MAX Results
Listed By:
Paulo Mora
(763) 755-1100
Source:
Putyourrootsdown
Added: Aug 17
Changed: Sep 14
Last Checked: Oct 4 at 3:06PM
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
Investment Insights
Based on property information with market context.
This up-and-down duplex contains 2376 square feet arranged as two residential units. The property offers eight bedrooms and two bathrooms overall, with each residence configured with four bedrooms and one bathroom. The layout supports separate living arrangements within a single building and includes a balanced bedroom-to-bathroom configuration across both units.
Located at 1135 Washington St Ne in Minneapolis, the property is in the Logan Park neighborhood of Northeast Minneapolis. Restaurants, parks, schools, and shopping are located nearby. The property is positioned for an investor or an owner-occupant seeking rental income from the additional unit.
Located at 1135 Washington St Ne in Minneapolis, the property is in the Logan Park neighborhood of Northeast Minneapolis. Restaurants, parks, schools, and shopping are located nearby. The property is positioned for an investor or an owner-occupant seeking rental income from the additional unit.
Key Highlights
- 2376‑square‑foot duplex with an up‑and‑down configuration
- Eight bedrooms and two bathrooms across the property
- Each unit includes 4 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,715
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,300
$694.3K
Cap Rate 7%
$495,929
$495.9K
Cap Rate 9%
$385,722
$385.7K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$52.7K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$49.6K $20.87/SF
− OpEx
−$14.9K −$6.26/SF
NOI
$34.7K $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%
$694,300
Cap Rate 7%
$495,929
Cap Rate 9%
$385,722
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.6K
NOI $34,715 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,885 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 8.63%
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
1,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
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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 - Up-and-down layout provides four bedrooms and one bathroom in each residence.
Where is this duplex located?
The property is located at 1135 Washington St NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2376‑square‑foot duplex with an up‑and‑down configuration; Eight bedrooms and two bathrooms across the property; Each unit includes 4 bedrooms and 1 bathroom
