Duplex with Detached
1747 37th Avenue NE, Columbia Heights, MN 55421
For Sale
New
$529,900
Residential Income, Columbia Heights, MN
Property Size3,428 SF
Lot Size0.41 Acres
Price / SF$154.58
Days on Market2
Property Features for 1747 37th Avenue NE
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Buildings
Listing Agency:
RE/MAX Results · RE/MAX International
(763) 591-6000
Listed By:
Kerby & Cristina Real Estate Experts
(952) 829-2900
Added: Nov 14
Last Checked: Nov 15 at 1:06AM
MLS# 7169346
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.
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Investment Insights
Based on property information with market context.
This 3,428-square-foot duplex, built in 1963, has nine bedrooms and four bathrooms. Updates include new flooring, refreshed bathrooms, modern finishes, and new plumbing and electrical work downstairs. The property also includes a detached garage and driveway parking, with hot water heating.
The residence sits on a 0.412-acre lot in Columbia Heights, Minnesota.
The residence sits on a 0.412-acre lot in Columbia Heights, Minnesota.
Key Highlights
- 3,428‑square‑foot duplex with 9 bedrooms and 4 bathrooms
- 0.412‑acre lot in Columbia Heights, Minnesota
- Detached garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,457
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,140
$849.1K
Cap Rate 7%
$606,529
$606.5K
Cap Rate 9%
$471,744
$471.7K
Market Conditions
NOI Build-Up for 3,428 SF
Gross rent
$65.0K $18.96/SF
− Vacancy
−$4.3K −$1.27/SF
EGI
$60.7K $17.69/SF
− OpEx
−$18.2K −$5.31/SF
NOI
$42.5K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,140
Cap Rate 7%
$606,529
Cap Rate 9%
$471,744
Alternative Uses
Best Use
Multifamily LT 5
$606.5K
$530.7K – $707.6K
NOI $42,457 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$558.9K
$489.1K – $652.1K
NOI $39,124 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$952.2K
$833.2K – $1.11M
NOI $66,653 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit residence with updated bathrooms, new flooring, and downstairs plumbing and electrical improvements.
Where is this duplex located?
The property is located at 1747 37th Avenue NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 3,428‑square‑foot duplex with 9 bedrooms and 4 bathrooms; 0.412‑acre lot in Columbia Heights, Minnesota; Detached garage and driveway parking
