Duplex with Walkout Lower
For Sale
$500,000
11708 Highway 55, Plymouth, MN 55441
Residential Income, Plymouth, MN
Property Size2,819 SF
Lot Size0.58 Acres
Price / SF$177.37
Days on Market11
Property Features for 11708 Highway 55
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Laundry Room
Parking features
Garage - Attached, Open, Driveway
Patio and Porch features
Deck, Patio
Subdivision
Hidden Lake
Lot features
Tree Coverage - Light
High school district
Wayzata
Directions
Hwy 169 to Hwy 55 west located between Evergreen and Goldenrod Lan. Dbl Bungalow Brown
Standard status
Active
APN
3511822120020
Size
2,819 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5736
Utilities
Heating system
Forced Air
Building Details
Year built
1953
Listing Agency:
Counselor Realty, Inc.
(763) 427-8850
Listed By:
Caroline M. Dixon
(763) 390-3017
Added: Sep 25
Changed: Oct 2
Last Checked: Oct 5 at 12:06PM
MLS# 7150745
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 side-by-side duplex contains 2,819 square feet across a 0.58-acre lot. Each residence has two main-level bedrooms and a full bath, plus a walkout lower level with a family room and laundry. An attached single-stall garage serves each side. The property was built in 1953 and has a newer roof; the right-side unit received paint and new flooring in 2025.
The backyard is open to both residences, and Medicine Lake is within walking distance. The property is zoned R-1.
The backyard is open to both residences, and Medicine Lake is within walking distance. The property is zoned R-1.
Key Highlights
- Side‑by‑side duplex with 2,819 square feet on a 0.58‑acre lot
- Each unit has 2 main‑level bedrooms, a full bath, and a walkout lower level
- Lower levels include a family room and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,532
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,640
$730.6K
Cap Rate 7%
$521,886
$521.9K
Cap Rate 9%
$405,911
$405.9K
Market Conditions
NOI Build-Up for 2,819 SF
Gross rent
$55.8K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$52.2K $18.51/SF
− OpEx
−$15.7K −$5.55/SF
NOI
$36.5K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,640
Cap Rate 7%
$521,886
Cap Rate 9%
$405,911
Alternative Uses
Best Use
Multifamily LT 5
$521.9K
$456.7K – $608.9K
NOI $36,532 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$470.7K
$411.9K – $549.2K
NOI $32,949 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$672.6K
$588.5K – $784.7K
NOI $47,079 @ 7.0% cap · market cap 9.42%
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
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 55441, MN
18,415
Population
8,340
Households
2.2
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
8.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$100,288
Median Household Income
$56,522
Median Earnings
$1,589
Median Rent
$463,300
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 residence has an attached single-stall garage, while the lower level adds a family room and laundry.
Where is this duplex located?
The property is located at 11708 Highway 55 Plymouth, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,819 square feet on a 0.58‑acre lot; Each unit has 2 main‑level bedrooms, a full bath, and a walkout lower level; Lower levels include a family room and laundry
