Side-by-Side
For Sale
$525,000
8109-8111 Zenith Ct N, Brooklyn Park, MN 55443
Two spacious units offer four bedrooms, private decks, fireplaces, dishwashers, and attached two-car garages.
Property Size3,013 SF
Price / SF$174.24
Days on Market50
Property Features for 8109-8111 Zenith Ct N
General Information
Standard status
Active
Size
3,013 SF
Property subtype
Multi-Family
Building Details
Year Built
1979
Listing Agency:
Real Broker, LLC
(612) 600-6000
Listed By:
Emmanuel Olagbaju
Source:
Searchhousesnow
Added: Jul 12
Changed: Aug 30
Last Checked: Aug 30 at 12:08AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex, built in 1979, includes two residential units with matching layouts. Each unit provides 4 bedrooms and 2 bathrooms along with a 2-car garage, fireplace, deck, and dishwasher. The property is positioned on a quiet cul-de-sac at 8109-8111 Zenith Ct N in Brooklyn Park, Minnesota.
Tenants pay all utilities, supporting straightforward operating arrangements for the owner. The combination of multi-bedroom layouts, garage parking, and private outdoor space provides practical features for both residents and an owner-occupant.
Tenants pay all utilities, supporting straightforward operating arrangements for the owner. The combination of multi-bedroom layouts, garage parking, and private outdoor space provides practical features for both residents and an owner-occupant.
Key Highlights
- Two side‑by‑side duplex units
- Each unit has 4 bedrooms and 2 bathrooms
- 2‑car garage included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,620
$797.6K
Cap Rate 7%
$569,729
$569.7K
Cap Rate 9%
$443,122
$443.1K
Market Conditions
NOI Build-Up for 3,013 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.7K $19.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$57.0K $18.91/SF
− OpEx
−$17.1K −$5.67/SF
NOI
$39.9K $13.24/SF
Area
ZIP 55443
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$797,620
Cap Rate 7%
$569,729
Cap Rate 9%
$443,122
Alternative Uses
Best Use
Multifamily LT 5
$569.7K
$498.5K – $664.7K
NOI $39,881 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$506.3K
$443.0K – $590.7K
NOI $35,441 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$718.8K
$629.0K – $838.7K
NOI $50,319 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 55443, MN
36,771
Population
12,275
Households
3
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
4,041
Density / Sq Mi
$88,220
Median Household Income
$50,341
Median Earnings
$1,306
Median Rent
$346,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units offer four bedrooms, private decks, fireplaces, dishwashers, and attached two-car garages.
Where is this duplex located?
The property is located at 8109-8111 Zenith Ct N Brooklyn Park, 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: Two side‑by‑side duplex units; Each unit has 4 bedrooms and 2 bathrooms; 2‑car garage included with each unit
