Renovated Duplex with Detached
For Sale
$359,000
1419 University Avenue NE, Minneapolis, MN 55413
MULTI_FAMILY - Minneapolis, MN
Property Size1,995 SF
Lot Size0.11 Acres
Price / SF$179.95
Days on Market99
Property Features for 1419 University Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 4
Parking features
Garage - Detached, Driveway, Open
Exterior features
Stucco
Fencing
Privacy
Subdivision
Marshalls Add To St Anthony
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
From Broadway Street NE, go north on University Avenue NE to 1419
Standard status
Active
APN
1402924220160
Size
1,995 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6628
Utilities
Heating system
Forced Air
Amenities
private entrances
washer/dryer
garage
Building Details
Year built
1900
Listing Agency:
Bridge Realty, LLC
(952) 368-0021
Listed By:
Christina Chyerez
(952) 368-0021
Added: May 13
Changed: Aug 19
Last Checked: Aug 19 at 10:06PM
MLS# 7072890
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 up-and-down duplex includes two spacious units with bright, open layouts. Both units have been renovated with fresh paint, new carpet, many brand new windows, new kitchen appliances, and newly installed high-efficiency furnaces. The second-floor unit includes hardwood oak floors, and the basement renovation adds a new concrete floor plus a washer and dryer.
Each unit has private front and back entrances, supporting flexibility and privacy for occupants. Exterior features include stucco, with forced-air heating. Parking is available via a private driveway, along with a detached garage described as a 2.5-car garage, plus open parking.
The property sits on a 0.11-acre lot and includes 1,995 square feet, built in 1900. Fencing includes privacy fencing, and the layout includes five bedrooms and two bathrooms across the units, with basement space and additional rooms listed.
Each unit has private front and back entrances, supporting flexibility and privacy for occupants. Exterior features include stucco, with forced-air heating. Parking is available via a private driveway, along with a detached garage described as a 2.5-car garage, plus open parking.
The property sits on a 0.11-acre lot and includes 1,995 square feet, built in 1900. Fencing includes privacy fencing, and the layout includes five bedrooms and two bathrooms across the units, with basement space and additional rooms listed.
Key Highlights
- 0.11‑acre lot and 1,995 SF duplex built in 1900
- Both units renovated: fresh paint, new carpet, many new windows, new kitchen appliances, high‑efficiency furnaces
- Second‑floor unit features hardwood oak floors
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
$29,148
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
8.12%
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%
$582,960
$583.0K
Cap Rate 7%
$416,400
$416.4K
Cap Rate 9%
$323,867
$323.9K
Market Conditions
NOI Build-Up for 1,995 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
$44.3K $22.20/SF
− Vacancy
−$2.6K −$1.33/SF
EGI
$41.6K $20.87/SF
− OpEx
−$12.5K −$6.26/SF
NOI
$29.1K $14.61/SF
Area
Minneapolis, 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%
$582,960
Cap Rate 7%
$416,400
Cap Rate 9%
$323,867
Alternative Uses
Best Use
Multifamily LT 5
$416.4K
$364.4K – $485.8K
NOI $29,148 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.2K
NOI $26,772 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$476.0K
$416.5K – $555.3K
NOI $33,318 @ 7.0% cap · market cap 9.28%
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
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
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 - Up-and-down duplex featuring renovated units, private entrances, and a detached garage with driveway parking.
Where is this duplex located?
The property is located at 1419 University Avenue NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 0.11‑acre lot and 1,995 SF duplex built in 1900; Both units renovated: fresh paint, new carpet, many new windows, new kitchen appliances, high‑efficiency furnaces; Second‑floor unit features hardwood oak floors
