Listing Agency: JPW Realty f***@jpwillman.com Show Phone

Listed By: Tom Laing Show Phone

Source: Exprealty

Added: Oct 27 Changed: Oct 30 Last Checked: Oct 30 at 2:15PM

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Investment Insights

Based on property information with market context.

This duplex in Maple Plain contains two separate living spaces, providing a two-unit residential configuration. The property is located at 1460 Meadow Ln.

Key Highlights

• Two separate living spaces in a duplex
• Located at 1460 Meadow Ln in Maple Plain, Minnesota

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,750

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$995,000 $995.0K

Cap Rate 7%

$710,714 $710.7K

Cap Rate 9%

$552,778 $552.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,839 SF

Gross rent

$76.0K $19.80/SF

− Vacancy

−$4.9K −$1.29/SF

EGI

$71.1K $18.51/SF

− OpEx

−$21.3K −$5.55/SF

NOI

$49.7K $12.96/SF

Area

Hennepin County, MN

Vacancy

6.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$995,000

Cap Rate 7%

$710,714

Cap Rate 9%

$552,778

Alternative Uses

Best Use

Multifamily LT 5

$710.7K

$621.9K – $829.2K (±1% cap)

NOI $49,750 @ 7.0% cap · market cap 8.73%

Second Best

Apartment 5plus

$641.0K

$560.9K – $747.9K (±1% cap)

NOI $44,872 @ 7.0% cap · market cap 7.87%

Theoretical Best

Office A

$915.9K

$801.4K – $1.07M (±1% cap)

NOI $64,113 @ 7.0% cap · market cap 11.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 55359, MN

6,375

Population

2,649

Households

2.4

Avg Household Size

44

Median Age

58%

College-Educated

97%

High-School Grad

42.7 sq mi

ZIP Area

149

Density / Sq Mi

$129,508

Median Household Income

$65,664

Median Earnings

$1,203

Median Rent

$573,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two distinct residential spaces offer separate living arrangements within one duplex property.

Where is this duplex located?

The property is located at 1460 Meadow Ln Maple Plain, MN.

What is the asking price?

The asking price for this property is $570,000.

What are key features of this property?

This property features: Two separate living spaces in a duplex; Located at 1460 Meadow Ln in Maple Plain, Minnesota