Duplex with Hart Lake
For Sale
$415,000
1715 37th Ave NE, Columbia Heights, MN 55421
Side-by-side residential property with matching layouts, private laundry, hardwood floors, and adaptable basement space.
Property Size3,190 SF
Price / SF$130.09
Days on Market48
Property Features for 1715 37th Ave NE
General Information
Standard status
Active
Size
3,190 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1963
Stories
2
Listing Agency:
Keller Williams Premier Realty Lake Minnetonka
Listed By:
Jalana Moe
(763) 232-1314
Source:
Chrisfritchteam
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 7 at 2:58PM
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 Keller Williams Premier Realty Lake Minnetonka
Investment Insights
Based on property information with market context.
Located at 1715 37th Ave NE in Columbia Heights, this side-by-side duplex contains two nearly matching two-story residences. Each unit includes two bedrooms on the upper level, two bathrooms, hardwood flooring across the main and upper floors, and its own washer and dryer. Natural light and views of Hart Lake add to the character of both homes.
The basements feature added egress windows, creating flexible space with potential for a third bedroom in each unit. The property sits near the boundary of Northeast Minneapolis and Columbia Heights, with access to parks, trails, shopping, restaurants, breweries, coffee shops, and major commuter routes. The two-unit configuration supports owner-occupancy, rental use, or multigenerational living arrangements.
The basements feature added egress windows, creating flexible space with potential for a third bedroom in each unit. The property sits near the boundary of Northeast Minneapolis and Columbia Heights, with access to parks, trails, shopping, restaurants, breweries, coffee shops, and major commuter routes. The two-unit configuration supports owner-occupancy, rental use, or multigenerational living arrangements.
Key Highlights
- Two‑unit side‑by‑side duplex with two‑story layouts
- Each unit offers 2 bedrooms and 2 bathrooms
- 3,190 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,407
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,140
$728.1K
Cap Rate 7%
$520,100
$520.1K
Cap Rate 9%
$404,522
$404.5K
Market Conditions
NOI Build-Up for 3,190 SF
Gross rent
$71.2K $22.32/SF
− Vacancy
−$5.0K −$1.57/SF
EGI
$66.2K $20.75/SF
− OpEx
−$29.8K −$9.34/SF
NOI
$36.4K $11.41/SF
Area
Anoka County, MN
Vacancy
7.03%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,140
Cap Rate 7%
$520,100
Cap Rate 9%
$404,522
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.9K – $658.5K
NOI $39,510 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$520.1K
$455.1K – $606.8K
NOI $36,407 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$886.1K
$775.3K – $1.03M
NOI $62,026 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residential property with matching layouts, private laundry, hardwood floors, and adaptable basement space.
Where is this duplex located?
The property is located at 1715 37th Ave NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with two‑story layouts; Each unit offers 2 bedrooms and 2 bathrooms; 3,190 square feet of total property size
