Classic Duplex with Private
For Sale
$285,000
1916 10th Ave S, Minneapolis, MN 55404
1900-built Minneapolis duplex with separate utilities, basement storage, shared laundry, a fenced yard, garage, and off-street parking.
Property Size1,680 SF
Price / SF$169.64
Days on Market11
Property Features for 1916 10th Ave S
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
private front porch
private fenced yard
shared rear porch
shared laundry
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Roseville Realty
(651) 434-7575
Listed By:
Samuel Foltz
Source:
Homesearchlive
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 30 at 8:44PM
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 Roseville Realty
Investment Insights
Based on property information with market context.
Built in 1900, this Minneapolis duplex contains 1,680 square feet and offers two residential units with private front porches, original woodwork, and cabinetry. Separate utilities serve the units, while dedicated basement storage and shared laundry add practical functionality. One unit is occupied by long-term renters.
Recent improvements include a roof installed in 2024, upper-level windows replaced in March 2026, and separate furnaces added in 2017. The property also includes a low-maintenance exterior, fenced yard with garden or outdoor space, shared rear porch, spacious garage, and one additional off-street parking space.
The home is 0.8 miles from U.S. Bank Stadium, 0.7 miles from Abbott Northwestern Hospital, and 0.6 miles from North Central University. Its location near downtown Minneapolis supports both owner-occupant and investment-oriented use.
Recent improvements include a roof installed in 2024, upper-level windows replaced in March 2026, and separate furnaces added in 2017. The property also includes a low-maintenance exterior, fenced yard with garden or outdoor space, shared rear porch, spacious garage, and one additional off-street parking space.
The home is 0.8 miles from U.S. Bank Stadium, 0.7 miles from Abbott Northwestern Hospital, and 0.6 miles from North Central University. Its location near downtown Minneapolis supports both owner-occupant and investment-oriented use.
Key Highlights
- Two‑unit duplex with 1,680 square feet, built in 1900
- New roof installed in 2024
- Upper‑level windows replaced in March 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,546
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,920
$490.9K
Cap Rate 7%
$350,657
$350.7K
Cap Rate 9%
$272,733
$272.7K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$37.3K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$35.1K $20.87/SF
− OpEx
−$10.5K −$6.26/SF
NOI
$24.5K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,920
Cap Rate 7%
$350,657
Cap Rate 9%
$272,733
Alternative Uses
Best Use
Multifamily LT 5
$350.7K
$306.8K – $409.1K
NOI $24,546 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$322.1K
$281.8K – $375.8K
NOI $22,545 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 55404, MN
29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 1900-built Minneapolis duplex with separate utilities, basement storage, shared laundry, a fenced yard, garage, and off-street parking.
Where is this duplex located?
The property is located at 1916 10th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet, built in 1900; New roof installed in 2024; Upper‑level windows replaced in March 2026
