1822 Pierce Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- Mar 2, 2026
- Days on Market:
- 119
- Last Refresh:
- Jun 29 at 11:06 pm
Property Features for 1822 Pierce Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 3, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 1202924340113
- Size
- 3,285 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7874
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1905
Listing agent Todd And April Ginsberg (952) 829-2900
Listing office RE/MAX Results 7700 France Ave S No. 230, Eden Prairie, MN (952) 884-8404
Listing date Mar 2, 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
- Triplex with lots of natural light and hardwood floors across units
- Lower unit: 2 bedrooms + office/den, 1 bathroom, open kitchen, original woodwork
- Second‑floor unit: 2 bedrooms + office/den, 1 bathroom with classic clawfoot tub
- Top‑floor unit: 2 bedrooms, original character, hardwood floors, clawfoot tub
- Detached three‑car garage with separate stalls; new Hardie board siding
- New roofs and gutters installed in 2024 for both the garage and the house
Overview
The property includes a three-car garage with separate stalls and new Hardie board siding. Both the garage and the house have received new roofs and gutters in 2024. Set on an oversized lot, the outdoor space supports flexibility, including the potential to build an ADU, subject to applicable requirements.
Located in the heart of Northeast Minneapolis, the home is described as within walking distance of neighborhood restaurants, breweries, bars, Northeast Athletic Park, the Great Northern Greenway bike trail, the post office, and Quarry Shopping Center. This configuration can work well for investors seeking rental income from three units, or for owner-occupants looking for additional on-site rental support while keeping the character and condition already cared for over the long term.
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 | $72.9k | $22.20 |
| − Vacancy | −$4.4k | −$1.33 |
| EGI | $68.6k | $20.87 |
| − OpEx | −$20.6k | −$6.26 |
| NOI | $48.0k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.241389
- Latitude
- 45.006789
