Duplex with Detached
1320 Jefferson Street NE, Minneapolis, MN 55413
For Sale
New
$525,000
Residential Income, Minneapolis, MN
Property Size3,327 SF
Lot Size0.15 Acres
Price / SF$157.80
Days on Market2
Property Features for 1320 Jefferson Street NE
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Fencing
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
Maple HW floors
laundry
updated kitchen
large family room
garage
Building Details
Year built
Building materials
Listing Agency:
Luke Real Estate
(763) 463-9490
Listed By:
Jennifer J Geisinger
(763) 441-0570
Added: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# 7170837
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.
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Investment Insights
Based on property information with market context.
This 3,327-square-foot duplex was built in 1900 on a 0.15-acre lot. Maple hardwood floors extend through both residences. The upper unit has an updated kitchen and laundry, while the main-level unit includes exclusive use of a partially finished basement with a family room and laundry. A detached garage is also on the property and is best suited to storage.
Gas and electric are separately metered for each unit. Water, sewer, and trash are paid by the owner. Additional outdoor features include a patio, porch, and chain-link fencing.
Gas and electric are separately metered for each unit. Water, sewer, and trash are paid by the owner. Additional outdoor features include a patio, porch, and chain-link fencing.
Key Highlights
- 3,327‑square‑foot duplex on a 0.15‑acre lot
- Built in 1900; frame construction
- Maple hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,647
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,940
$892.9K
Cap Rate 7%
$637,814
$637.8K
Cap Rate 9%
$496,078
$496.1K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$86.6K $26.04/SF
− Vacancy
−$5.5K −$1.64/SF
EGI
$81.2K $24.40/SF
− OpEx
−$36.5K −$10.98/SF
NOI
$44.6K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,940
Cap Rate 7%
$637,814
Cap Rate 9%
$496,078
Alternative Uses
Best Use
Multifamily LT 5
$694.4K
$607.6K – $810.2K
NOI $48,610 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$637.8K
$558.1K – $744.1K
NOI $44,647 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$793.8K
$694.5K – $926.1K
NOI $55,563 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
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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
$354,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve each residence; the owner covers water, sewer, and trash.
Where is this duplex located?
The property is located at 1320 Jefferson Street NE 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: 3,327‑square‑foot duplex on a 0.15‑acre lot; Built in 1900; frame construction; Maple hardwood floors in both units
