Duplex with Detached
For Sale
$484,900
1398 25th Street NW, New Brighton, MN 55112
Residential Income, New Brighton, MN
Property Size2,716 SF
Lot Size0.35 Acres
Price / SF$178.53
Days on Market69
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, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Laundry Room, Bedroom 3
Parking features
Garage - Detached
Patio and Porch features
Deck
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8597
Utilities
Heating system
Oil, Hot Water(Heating)
Amenities
private sundeck
fenced backyard
common laundry
Building Details
Year built
1965
Building materials
Block, Frame
Roof type
Shingle
Buildings
1
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
Listed By:
Richard W Bandimere
(763) 746-4900
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 28 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,716-square-foot duplex contains a 3-bedroom, 2-bath residence across the main and lower levels and a 2-bedroom, 1-bath unit upstairs. The lower level opens to the backyard, while the upper residence has a private deck. A detached two-car garage provides parking and storage. The property was built in 1965 and includes a shared laundry area with a new washer and dryer.
Set on a 0.349-acre corner lot in New Brighton, the property has a chain-link fenced yard that borders a wooded area. Irondale High School, Long Lake Road, parks, and major roadways are nearby. Existing leases are month to month with 60-day notice provisions.
Set on a 0.349-acre corner lot in New Brighton, the property has a chain-link fenced yard that borders a wooded area. Irondale High School, Long Lake Road, parks, and major roadways are nearby. Existing leases are month to month with 60-day notice provisions.
Key Highlights
- 2,716‑square‑foot duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences
- 3‑bedroom residence spans the main and lower levels; the lower level has backyard access
- Upper‑level unit includes a private deck
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide distinct bedroom and bath configurations, with the larger layout spanning the main and lower levels.
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 $484,900.
What are key features of this property?
This property features: 2,716‑square‑foot duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences; 3‑bedroom residence spans the main and lower levels; the lower level has backyard access; Upper‑level unit includes a private deck
