Side-by-Side Duplex with Attached
New
For Sale
$599,900
1381 Easter Lane, Eagan, MN 55123
Residential Income, Eagan, MN
Property Size2,924 SF
Lot Size0.34 Acres
Price / SF$205.16
Days on Market4
Property Features for 1381 Easter Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Laundry Room, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 6
Parking features
Garage - Attached
Fencing
Chain Link
Subdivision
Wilderness Run 5th Add
High school district
Rosemount-Apple Valley-Eagan
Directions
From 35E take County Rd. 30/Diffley Rd. east; turn south on Pilot Knob Rd; turn east on Sigfrid St; turn right on Easter Lane
Standard status
Active
APN
108435401030
Size
2,924 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5568
Utilities
Heating system
Forced Air
Amenities
stone fireplace
fenced backyard
patio
Building Details
Year built
1974
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Ben Peters
(612) 600-6000
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 10:06AM
MLS# 7150902
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,924 finished square feet, with 2,113 square feet above grade and 811 square feet below. The two residences offer seven bedrooms and four bathrooms: one has four bedrooms and the other has three. Built in 1974, the property has an attached two-stall garage with one stall assigned to each unit. Recent work includes interior and exterior paint, new carpet, a remodeled kitchen, updated appliances, HVAC improvements, a new furnace, and newer garage doors. One living room features vaulted wood-plank ceilings, exposed beams, and a floor-to-ceiling stone fireplace. Both kitchens have white cabinetry and wood-look flooring. The finished lower level provides patio access.
The 0.344-acre parcel includes a fully fenced backyard, rear patios, and mature trees. The property is in Eagan, within Rosemount-Apple Valley-Eagan School District 196.
The 0.344-acre parcel includes a fully fenced backyard, rear patios, and mature trees. The property is in Eagan, within Rosemount-Apple Valley-Eagan School District 196.
Key Highlights
- Side‑by‑side duplex with 2 residences
- 2,924 finished square feet: 2,113 above grade and 811 below
- 7 bedrooms and 4 bathrooms; one unit has 4 bedrooms and the other has 3
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
$42,722
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
7.12%
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%
$854,440
$854.4K
Cap Rate 7%
$610,314
$610.3K
Cap Rate 9%
$474,689
$474.7K
Market Conditions
NOI Build-Up for 2,924 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
$64.9K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$61.0K $20.87/SF
− OpEx
−$18.3K −$6.26/SF
NOI
$42.7K $14.61/SF
Area
Dakota County, 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 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%
$854,440
Cap Rate 7%
$610,314
Cap Rate 9%
$474,689
Alternative Uses
Best Use
Multifamily LT 5
$610.3K
$534.0K – $712.0K
NOI $42,722 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$560.6K
$490.5K – $654.0K
NOI $39,239 @ 7.0% cap · market cap 6.54%
Theoretical Best
Healthcare Medical
$719.6K
$629.6K – $839.5K
NOI $50,369 @ 7.0% cap · market cap 8.40%
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
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 55123, MN
27,153
Population
10,260
Households
2.6
Avg Household Size
40
Median Age
64%
College-Educated
99%
High-School Grad
10.8 sq mi
ZIP Area
2,514
Density / Sq Mi
$134,265
Median Household Income
$71,552
Median Earnings
$1,593
Median Rent
$442,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Seven bedrooms are divided between two residences, with a fenced backyard and patios serving the property.
Where is this duplex located?
The property is located at 1381 Easter Lane Eagan, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2 residences; 2,924 finished square feet: 2,113 above grade and 811 below; 7 bedrooms and 4 bathrooms; one unit has 4 bedrooms and the other has 3
