Duplex with Updated Lower
For Sale
$209,900
519 S 9th St, Brainerd, MN 56401
Two-unit residential property with separate upper and lower living spaces and in-unit laundry equipment.
Property Size1,408 SF
Price / SF$149.08
Days on Market67
Property Features for 519 S 9th St
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
washer/dryer
Building Details
Year Built
1888
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Jamie Magness
(218) 838-4095
Source:
Searchhousesnow
Added: Jul 31
Changed: Sep 8
Last Checked: Oct 4 at 2:27PM
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 Keller Williams Realty Professionals
Investment Insights
Based on property information with market context.
This duplex, built in 1888, is arranged across upper and lower levels. The upper residence includes two bedrooms, a full bathroom, stackable washer and dryer, laminate hardwood flooring, and a gas wall-mounted heater. The lower residence offers one bedroom, a full bathroom, new flooring and carpet, a new refrigerator, tile countertops, and washer and dryer equipment.
The property is located at 519 S 9th St in Brainerd, Minnesota. The two-level configuration provides distinct living areas within a single residential building, with laundry equipment serving both residences.
The property is located at 519 S 9th St in Brainerd, Minnesota. The two-level configuration provides distinct living areas within a single residential building, with laundry equipment serving both residences.
Key Highlights
- Two‑level duplex configuration with separate upper and lower residences
- Upper unit includes 2 bedrooms, a full bath, and stackable washer/dryer
- Lower unit includes 1 bedroom and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,853
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,060
$257.1K
Cap Rate 7%
$183,614
$183.6K
Cap Rate 9%
$142,811
$142.8K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$19.4K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.4K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.9K $9.13/SF
Area
Crow Wing County, MN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,060
Cap Rate 7%
$183,614
Cap Rate 9%
$142,811
Alternative Uses
Best Use
Multifamily LT 5
$183.6K
$160.7K – $214.2K
NOI $12,853 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,477 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$298.9K
$261.6K – $348.7K
NOI $20,924 @ 7.0% cap · market cap 9.97%
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
1,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
Median Home Value
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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-unit residential property with separate upper and lower living spaces and in-unit laundry equipment.
Where is this duplex located?
The property is located at 519 S 9th St Brainerd, MN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑level duplex configuration with separate upper and lower residences; Upper unit includes 2 bedrooms, a full bath, and stackable washer/dryer; Lower unit includes 1 bedroom and a full bath
