Two-Unit Duplex with Detached
New
For Sale
$500,000
1398 25th St NW, New Brighton, MN 55112
Corner-lot rental property with long-term tenants, a private sun deck, and wooded rear setting.
Property Size3,203 SF
Price / SF$156.10
Days on Market7
Property Features for 1398 25th St NW
General Information
Standard status
Active
Size
3,203 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private sun deck
semi-fenced backyard
Building Details
Year Built
1965
Listing Agency:
Keller Williams Classic Realty
(763) 746-4900
Listed By:
Richard W Bandimere
Source:
Bradadamrealty
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 12:14PM
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 Classic Realty
Investment Insights
Based on property information with market context.
This 1965 duplex contains 3,203 square feet with two 2-bedroom, 1-bath residences on the main and upper levels. The lower level adds a separate 1-bedroom, 1-bath living area. The upper residence includes a private sun deck, while the main-level unit provides somewhat more living space. Long-term tenants are in place, supporting the property’s established rental profile.
The property occupies a corner lot at 1398 25th St NW in New Brighton, Minnesota. Its semi-fenced backyard borders a wooded area, creating additional outdoor space and privacy. A detached 2-car garage offers parking and storage. The location is adjacent to Irondale High School and provides access to Long Lake Road, nearby parks, and major roadways.
The property occupies a corner lot at 1398 25th St NW in New Brighton, Minnesota. Its semi-fenced backyard borders a wooded area, creating additional outdoor space and privacy. A detached 2-car garage offers parking and storage. The location is adjacent to Irondale High School and provides access to Long Lake Road, nearby parks, and major roadways.
Key Highlights
- Two 2‑bedroom, 1‑bath units on the main and upper levels
- Lower level includes a separate 1‑bedroom, 1‑bath living area
- 3,203 square feet; built in 1965
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
$42,983
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
8.60%
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%
$859,660
$859.7K
Cap Rate 7%
$614,043
$614.0K
Cap Rate 9%
$477,589
$477.6K
Market Conditions
NOI Build-Up for 3,203 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
$83.4K $26.04/SF
− Vacancy
−$5.3K −$1.64/SF
EGI
$78.2K $24.40/SF
− OpEx
−$35.2K −$10.98/SF
NOI
$43.0K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$859,660
Cap Rate 7%
$614,043
Cap Rate 9%
$477,589
Alternative Uses
Best Use
Multifamily LT 5
$668.5K
$585.0K – $780.0K
NOI $46,798 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$614.0K
$537.3K – $716.4K
NOI $42,983 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$764.2K
$668.7K – $891.5K
NOI $53,492 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 55112, MN
46,728
Population
17,956
Households
2.6
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
2,670
Density / Sq Mi
$93,823
Median Household Income
$47,676
Median Earnings
$1,322
Median Rent
$338,800
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 - Corner-lot rental property with long-term tenants, a private sun deck, and wooded rear setting.
Where is this duplex located?
The property is located at 1398 25th St NW New Brighton, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units on the main and upper levels; Lower level includes a separate 1‑bedroom, 1‑bath living area; 3,203 square feet; built in 1965
