Two-Level Duplex with Basement
For Sale
$525,000
1174 14th Ave SE, Minneapolis, MN 55414
1905 duplex near the University of Minnesota campus with on-street and off-street parking.
Property Size2,101 SF
Price / SF$249.88
Days on Market56
Property Features for 1174 14th Ave SE
General Information
Standard status
Active
Size
2,101 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1905
Stories
2
Listing Agency:
RE/MAX Results
Listed By:
Luanne M Lind · License #40507200
(612) 701-7285
Source:
Brickandbanister
Added: Aug 22
Changed: Sep 28
Last Checked: Oct 7 at 12:58PM
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.
Built in 1905, this duplex is arranged across two levels and includes a basement room with an egress window. The property also provides both on-street and off-street parking, giving the building multiple existing space and access features.
The address is near the University of Minnesota campus in Minneapolis. Its proximity to the campus and duplex configuration provide clear residential income-property context, while the basement room adds flexibility within the existing layout.
The address is near the University of Minnesota campus in Minneapolis. Its proximity to the campus and duplex configuration provide clear residential income-property context, while the basement room adds flexibility within the existing layout.
Key Highlights
- Duplex built in 1905
- Two‑level layout with a basement room featuring an egress window
- Both on‑street and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,697
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,940
$613.9K
Cap Rate 7%
$438,529
$438.5K
Cap Rate 9%
$341,078
$341.1K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$46.6K $22.20/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$43.9K $20.87/SF
− OpEx
−$13.2K −$6.26/SF
NOI
$30.7K $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%
$613,940
Cap Rate 7%
$438,529
Cap Rate 9%
$341,078
Alternative Uses
Best Use
Multifamily LT 5
$438.5K
$383.7K – $511.6K
NOI $30,697 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
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 - 1905 duplex near the University of Minnesota campus with on-street and off-street parking.
Where is this duplex located?
The property is located at 1174 14th Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1905; Two‑level layout with a basement room featuring an egress window; Both on‑street and off‑street parking
