1508 E 26th Street, Minneapolis, MN 55404
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 30, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 30 at 3:06 pm
Property Features for 1508 E 26th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 11, Bedroom 3, Basement, Bedroom 12, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 10, Bedroom 5
- Parking features
- Driveway, Covered, Assigned
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 3502924130356
- Size
- 3,124 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9147
Utilities
- Heating system
- Oil, Steam
Building Details
- Year built
- 1913
Listing agent Benjamin Jacobs (952) 368-0021
Listing office Bridge Realty, LLC 1101 E 78TH STREET SUITE 300, Bloomington, MN (952) 368-0021
Listing date Jun 30, 2026
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.
HighLights
- Fourplex built in 1913 with 100% occupancy maintained over the past year
- Currently generates $5,800 per month in rental income with the property fully leased
- Each unit features 2 bedrooms plus a bright front sunroom
- Recent updates include a new water heater
- Stucco exterior
- Oil steam heating; off‑street parking including driveway, covered, and assigned parking
Overview
Located in Minneapolis, MN (Hennepin County), the property is addressed at 1508 E 26th Street. With four units under one ownership structure, it can appeal to buyers who want to owner-occupy while receiving rental income from the remaining units. Public remarks also note current monthly rental income of $5,800.
For tenants, the layout supports everyday functionality with two-bedroom floorplans and an additional front sunroom area. For owner-users and investors, the current rent-ready setup and fully occupied history provide a straightforward path to take control of a maintained asset with established in-place tenancy. The private parking offering further supports resident needs for daily access.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.4k | $22.20 |
| − Vacancy | −$4.1k | −$1.33 |
| EGI | $65.2k | $20.87 |
| − OpEx | −$19.6k | −$6.26 |
| NOI | $45.6k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.253265
- Latitude
- 44.955725
