Updated Four-Unit
For Sale
$674,900
2720 Dupont Ave S, Minneapolis, MN 55408
Four two-bedroom units with renovated kitchens, shared laundry, storage, and rear off-street parking.
Property Size4,000 SF
Price / SF$168.73
Days on Market41
Property Features for 2720 Dupont Ave S
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,510
Amenities
shared laundry
storage
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Verde Real Estate Group
Listed By:
Reid Lenz
(712) 330-2138
Source:
Tayloronken
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 4 at 1:35PM
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 Verde Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1905, this four-unit quadplex contains four 2-bedroom, 1-bath residences, each measuring 1,000 square feet. Improvements completed during the last 5-8 years include new water heaters, replacement windows, stainless steel appliances, updated kitchens, and additional cosmetic updates. Original hardwood floors and built-in buffets retain the building’s period character.
A paved rear parking area provides off-street parking for the residences. The clean, dry basement adds shared laundry and storage, while separate utilities support the individual units. The property is located at 2720 Dupont Ave S in Minneapolis, near Lake of the Isles, Bde Maka Ska, bike trails, downtown, Uptown, nightlife, and shopping. At least one unit is expected to be available for occupancy after closing.
A paved rear parking area provides off-street parking for the residences. The clean, dry basement adds shared laundry and storage, while separate utilities support the individual units. The property is located at 2720 Dupont Ave S in Minneapolis, near Lake of the Isles, Bde Maka Ska, bike trails, downtown, Uptown, nightlife, and shopping. At least one unit is expected to be available for occupancy after closing.
Key Highlights
- Four 2‑bedroom, 1‑bath units, each measuring 1,000 square feet
- 1905 construction with hardwood floors and built‑in buffets
- New water heaters, windows, stainless steel appliances, and updated kitchens completed in the last 5‑8 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,443
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,860
$1.2M
Cap Rate 7%
$834,900
$834.9K
Cap Rate 9%
$649,367
$649.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$88.8K $22.20/SF
− Vacancy
−$5.3K −$1.33/SF
EGI
$83.5K $20.87/SF
− OpEx
−$25.0K −$6.26/SF
NOI
$58.4K $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%
$1,168,860
Cap Rate 7%
$834,900
Cap Rate 9%
$649,367
Alternative Uses
Best Use
Multifamily LT 5
$834.9K
$730.5K – $974.1K
NOI $58,443 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$766.8K
$671.0K – $894.7K
NOI $53,679 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,802 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
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?
Quadplex - Four two-bedroom units with renovated kitchens, shared laundry, storage, and rear off-street parking.
Where is this quadplex located?
The property is located at 2720 Dupont Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, each measuring 1,000 square feet; 1905 construction with hardwood floors and built‑in buffets; New water heaters, windows, stainless steel appliances, and updated kitchens completed in the last 5‑8 years
