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Duplex and Fourplex Rental Portfolio
For Sale
Contact for pricing
Pending

604 Jefferson Street NE, Minneapolis, MN 55413

For sale duplex and fourplex portfolio with updated interiors and Marvin windows across Jefferson and Spring Street.

Property SizeContact for details
Days on Market134

Property Features for 604 Jefferson Street NE

General Information

Standard status Pending
Property subtype Special Purpose

Additional Details

Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: Coldwell Banker Realty North Oaks
Listed By: Donna Vanneste · License #MN
Source: Crexi
Added: Apr 11 Changed: Aug 17 Last Checked: Aug 19 at 10:22PM

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 Coldwell Banker Realty North Oaks

Investment Insights

Based on property information with market context.

This for-sale rental portfolio includes a duplex and a fourplex, offering income-producing multi-unit housing across Jefferson and Spring Street. The fourplex includes upper and lower units and features a front porch entry, along with a side yard and hedge for privacy. The MLS indicates square footage of 604/606 Jefferson, and the total square footage for 651 and 649 Spring Street is listed as 1,577, including one-and-a-half story units.

The property is described as well maintained, with continuously maintained features and many unit updates. Updates include Marvin windows and beautiful wood floors throughout. The fourplex is also described as having an opportunity to convert the lower main level units to 2 bedrooms, which could support higher rental potential.

The location is presented as convenient, with access to restaurants and an easy commute to downtown, plus service on the bus line.

Key Highlights

  • Portfolio includes a duplex and a fourplex (ML S shows square footage for Jefferson and Spring Street).
  • Fourplex has upper and lower units, plus a side yard and hedge for privacy with a front porch entry.
  • Opportunity to convert the lower main level units in the fourplex to 2 bedrooms (per remarks).

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nail Salon Locksmith Accounting Firm Storage Facility (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,794
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - For sale duplex and fourplex portfolio with updated interiors and Marvin windows across Jefferson and Spring Street.
Where is this quadplex located?
The property is located at 604 Jefferson Street NE Minneapolis, MN.
What are key features of this property?
This property features: Portfolio includes a duplex and a fourplex (ML S shows square footage for Jefferson and Spring Street).; Fourplex has upper and lower units, plus a side yard and hedge for privacy with a front porch entry.; Opportunity to convert the lower main level units in the fourplex to 2 bedrooms (per remarks).
More about this property
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