Duplex With Private Tuck-Under
1247 167th Avenue NE Ham Lake, MN 55304
New
For Sale
$379,900
MULTI_FAMILY - Ham Lake, MN
Property Size1,914 SF
Lot Size0.36 Acres
Price / SF$198.48
Days on Market2
Property Features for 1247 167th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Basement
- Parking features
- Driveway, Open, Garage, Garage - Attached
- Exterior features
- Brick/Stone, Fiber Board
- Standard status
- Active
- APN
- 083223310008
- Size
- 1,914 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3815
Utilities
- Sewer type
- Private Sewer
- Heating system
- Forced Air
- Water source
- Private, Well
Building Details
- Year built
- 1964
- Building materials
- Block, Concrete
Listing Agency:
RE/MAX Results
(612) 314-1520
Listed By:
Myrna L Bourcy · License #214074
(952) 829-2900
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 7:06AM
MLS# 7111683
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 well-maintained duplex offers two separate living units, each with its own private tuck-under garage. Unit features include a private deck, separate laundry, and basement storage, providing independent day-to-day convenience.
The property is located on a quiet, low-traffic, tree-lined street surrounded by single-family homes and is the only duplex among nine neighboring properties. It is in the Andover School District.
Recent improvements include updated furnaces and newly installed stainless steel micro-mesh gutter guards. New decking boards are also being installed on the 1247 side, and each unit is responsible for its own lawn care and snow removal.
The property is located on a quiet, low-traffic, tree-lined street surrounded by single-family homes and is the only duplex among nine neighboring properties. It is in the Andover School District.
Recent improvements include updated furnaces and newly installed stainless steel micro-mesh gutter guards. New decking boards are also being installed on the 1247 side, and each unit is responsible for its own lawn care and snow removal.
Key Highlights
- Duplex built in 1964 in Ham Lake, with units on a quiet, low‑traffic, tree‑lined street
- Each unit includes a private tuck‑under garage and private deck
- Separate laundry and basement storage for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $18.96 |
| − Vacancy | −$2.4k | −$1.27 |
| EGI | $33.9k | $17.69 |
| − OpEx | −$10.2k | −$5.31 |
| NOI | $23.7k | $12.39 |
1,914 SF · lease $18.96/SF/yr · vacancy 6.68% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.7K
$296.3K – $395.1K
NOI $23,706 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.1K
NOI $21,844 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$531.7K
$465.2K – $620.3K
NOI $37,216 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Well-maintained duplex with each unit featuring a private tuck-under garage, private deck, separate laundry, and basement storage.
Where is this duplex located?
The property is located at 1247 167th Avenue NE Ham Lake, MN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Duplex built in 1964 in Ham Lake, with units on a quiet, low‑traffic, tree‑lined street; Each unit includes a private tuck‑under garage and private deck; Separate laundry and basement storage for each unit
