Two-Unit Duplex with
For Sale
$280,000
3504 Cedar Ave S, Minneapolis, MN 55407
Two-level duplex with separate laundry facilities and off-street parking.
Property Size1,486 SF
Price / SF$188.43
Days on Market51
Property Features for 3504 Cedar Ave S
General Information
Standard status
Active
Size
1,486 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1914
Listing Agency:
National Realty Guild
Listed By:
Michelle Fussy Peterson · License #NST505003859
(612) 987-4771
Source:
Searchhousesnow
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 7 at 5:28PM
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 National Realty Guild
Investment Insights
Based on property information with market context.
This Minneapolis duplex contains two separate residences arranged across two levels. The main floor offers a one-bedroom apartment, while the upper floor includes a two-bedroom apartment. Each unit has its own laundry area, supporting independent household use within the building. The property measures 1,486 square feet and includes three off-street parking spaces.
Located at 3504 Cedar Ave S, the duplex is next to Matt’s Bar and near a range of conveniences. Its two-unit layout, bedroom configuration, dedicated laundry, and on-site parking provide a straightforward setup for residential occupancy.
Located at 3504 Cedar Ave S, the duplex is next to Matt’s Bar and near a range of conveniences. Its two-unit layout, bedroom configuration, dedicated laundry, and on-site parking provide a straightforward setup for residential occupancy.
Key Highlights
- Two‑unit duplex with a 1‑BR main‑level apartment and 2‑BR upper‑level apartment
- 1,486 SF property in Minneapolis
- Separate laundry facilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,712
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,240
$434.2K
Cap Rate 7%
$310,171
$310.2K
Cap Rate 9%
$241,244
$241.2K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$33.0K $22.20/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$31.0K $20.87/SF
− OpEx
−$9.3K −$6.26/SF
NOI
$21.7K $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%
$434,240
Cap Rate 7%
$310,171
Cap Rate 9%
$241,244
Alternative Uses
Best Use
Multifamily LT 5
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$284.9K
$249.3K – $332.4K
NOI $19,942 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$354.5K
$310.2K – $413.6K
NOI $24,817 @ 7.0% cap · market cap 8.86%
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
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
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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 - Two-level duplex with separate laundry facilities and off-street parking.
Where is this duplex located?
The property is located at 3504 Cedar Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with a 1‑BR main‑level apartment and 2‑BR upper‑level apartment; 1,486 SF property in Minneapolis; Separate laundry facilities for each unit
