Updated Duplex with In-Unit
For Sale
$369,900
1425 Jefferson St Ne, Minneapolis, MN 55413
Both residences offer three bedrooms, a full bathroom, private laundry, and separate furnaces.
Property Size2,296 SF
Price / SF$161.11
Days on Market17
Property Features for 1425 Jefferson St Ne
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Residential Income
Site & Location
Neighborhood
University
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,883
Amenities
in-unit laundry
Listing Agency:
RE/MAX Results
(952) 848-2400
Listed By:
Michael J Gross · License #40328060
(612) 386-0284
Source:
Exprealty
Added: Oct 9
Changed: Oct 22
Last Checked: Oct 23 at 11:35AM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 2,296-square-foot duplex contains two three-bedroom residences, each with one full bathroom, in-unit laundry, and its own furnace. The main-level unit has a remodeled kitchen and fresh paint throughout.
Utility responsibilities are divided between occupants and ownership: tenants pay for gas and electricity, while the owner covers water and trash. The property is located at 1425 Jefferson St NE in Minneapolis.
Utility responsibilities are divided between occupants and ownership: tenants pay for gas and electricity, while the owner covers water and trash. The property is located at 1425 Jefferson St NE in Minneapolis.
Key Highlights
- Two units, each with three bedrooms and one full bathroom
- In‑unit laundry and separate furnaces in both residences
- Main‑level residence includes a remodeled kitchen and fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,546
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,920
$670.9K
Cap Rate 7%
$479,229
$479.2K
Cap Rate 9%
$372,733
$372.7K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$51.0K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.9K $20.87/SF
− OpEx
−$14.4K −$6.26/SF
NOI
$33.5K $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 Rate 5%
$670,920
Cap Rate 7%
$479,229
Cap Rate 9%
$372,733
Alternative Uses
Best Use
Multifamily LT 5
$479.2K
$419.3K – $559.1K
NOI $33,546 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.5K
NOI $30,812 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$547.8K
$479.3K – $639.1K
NOI $38,344 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,744
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, a full bathroom, private laundry, and separate furnaces.
Where is this duplex located?
The property is located at 1425 Jefferson St Ne Minneapolis, MN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two units, each with three bedrooms and one full bathroom; In‑unit laundry and separate furnaces in both residences; Main‑level residence includes a remodeled kitchen and fresh paint throughout
