Two-Unit Duplex with Detached
For Sale
$484,900
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 Size2,716 SF
Price / SF$178.53
Days on Market52
Property Features for 1398 25th St NW
General Information
Standard status
Active
Size
2,716 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
Listed By:
Richard W Bandimere
(612) 978-2989
Source:
Vibemn
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 13 at 12:11AM
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 / Yr
$39,683
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,660
$793.7K
Cap Rate 7%
$566,900
$566.9K
Cap Rate 9%
$440,922
$440.9K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$60.3K $22.20/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$56.7K $20.87/SF
− OpEx
−$17.0K −$6.26/SF
NOI
$39.7K $14.61/SF
Area
Ramsey 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 Rate 5%
$793,660
Cap Rate 7%
$566,900
Cap Rate 9%
$440,922
Alternative Uses
Best Use
Multifamily LT 5
$566.9K
$496.0K – $661.4K
NOI $39,683 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$520.7K
$455.6K – $607.5K
NOI $36,448 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,359 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - 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 $484,900.
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
