Duplex with Private
For Sale
$500,000
1398 25th Street NW, New Brighton, MN 55112
Residential Income, New Brighton, MN
Property Size2,716 SF
Lot Size0.35 Acres
Price / SF$184.09
Days on Market10
Property Features for 1398 25th Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Basement, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Garage - Detached
Exterior features
Stucco
Fencing
Chain Link
Subdivision
Iron Works
Lot features
Corner Lot
High school district
Mounds View
Directions
Long Lake Rd to 25th St then east to 14th Ave
Standard status
Active
APN
173023220007
Size
2,716 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8597
Utilities
Heating system
Hot Water(Heating), Oil
Amenities
common area laundry
Building Details
Year built
1965
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
(763) 746-4900
Listed By:
Richard W Bandimere
(763) 746-4900
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 30 at 6:06AM
MLS# 7129166
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 2,716-square-foot duplex sits on a 0.349-acre corner lot and includes a three-bedroom main/lower-level unit plus a two-bedroom upper-level unit. The lower level walks out to the backyard, while the upper residence has a private sundeck. A detached two-car garage provides covered parking and storage, and the fenced backyard borders a wooded area. The property has stucco exterior finishes, block and frame construction, shingle roofing, and hot-water heating fueled by oil.
The property is located at 1398 25th Street NW in New Brighton, adjacent to Irondale High School and near Long Lake Road, parks, and major roadways. Common-area laundry includes a new washer and dryer. Smoke and carbon monoxide detectors have been updated to code, and a recent city inspection has been completed. Current leases are month to month with 60-day notices.
The property is located at 1398 25th Street NW in New Brighton, adjacent to Irondale High School and near Long Lake Road, parks, and major roadways. Common-area laundry includes a new washer and dryer. Smoke and carbon monoxide detectors have been updated to code, and a recent city inspection has been completed. Current leases are month to month with 60-day notices.
Key Highlights
- 2,716‑square‑foot duplex on 0.349 acres
- Three‑bedroom main/lower‑level unit and two‑bedroom upper‑level unit
- Detached 2‑car garage for parking and storage
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
$39,683
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
7.94%
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%
$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
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
$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 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%
$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 7.94%
Second Best
Apartment 5plus
$520.7K
$455.6K – $607.5K
NOI $36,448 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$648.0K
$567.0K – $756.0K
NOI $45,359 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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 duplex with a detached garage, fenced backyard, and wooded rear setting.
Where is this duplex located?
The property is located at 1398 25th Street 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: 2,716‑square‑foot duplex on 0.349 acres; Three‑bedroom main/lower‑level unit and two‑bedroom upper‑level unit; Detached 2‑car garage for parking and storage
